ECF3900 Business, competition and regulation
Faculty of Business and Economics
ECF3900 Business, competition and regulation is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 2 at Caulfield. It needs ECF2731, ECS2731, ECB2731, ECW2731 or ECC2000.
- Credit points
- 6
- Offered in 2021
- Semester 2
- Caulfield
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2027 entry.
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Requisites
Before ECF3900
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ECF3900
No unit lists ECF3900 as a prerequisite in the 2021 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit considers market structures, conduct and performance from the business perspective; economic policy as it affects business, particularly in relation to its dealings with consumers; the variety of approaches to competition and regulation policies from the international perspective; analysis of policies with respect to prices, monopolies, oligopolies and mergers, exclusive dealing, consumer protection and licensing, deregulation and privatisation.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment40%
- ExaminationThreshold hurdle60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the concepts used in the economic analysis of business and the policy framework within which business operates
- 2
understand performance, structure and behaviour of different businesses in any market
- 3
apply models of behaviour to specific cases
- 4
analyse different structures of businesses in detail, identifying major policies which might affect their performance and conduct.
Workload and teaching
- Lectures24 hours
- Tutorials12 hours
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Learning resources
Required resources
Modern Industrial Organization, Global Edition (4e)
| By Dennis W. Carlton, Jeffrey M. Perloff
Where it fits
ECF3900 is part of 1 area of study in the 2021 handbook.
Contacts
- Chief Examiners
- Dr Dyuti Banerjee
Common questions
What are the prerequisites for ECF3900?
You need ECF2731, ECS2731, ECB2731, ECW2731 or ECC2000 before you enrol. Enrolment rules also apply.
When is ECF3900 offered?
In 2021, ECF3900 runs in Semester 2 at Caulfield.
How much work is ECF3900?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF3900 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ECF3900?
ECF3900 is part of Economics and business strategy.