ECF5040 Industry economics
Faculty of Business and Economics
ECF5040 Industry economics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 2 at Caulfield. It needs ECC5900 or ECF5927.
- Credit points
- 6
- Offered in 2023
- Semester 2
- Caulfield
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
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Requisites
Before ECF5040
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ECF5040
No unit lists ECF5040 as a prerequisite in the 2023 handbook.
Enrolment rules
If you are enrolled in course B3701, there is no prerequisite to undertake this unit.
Overview
The unit develops and examines the theoretical and empirical relationships between the structure of industries, the behaviour of enterprises and market performance. The fundamental principles are applied to the advanced analysis of various forms of firms' interaction: entry deterrence, collusion, product differentiation, advertising, research and development and pricing strategies. Welfare and policy issues will be discussed with the help of applied theory and empirical research. In this respect, recent journal articles and research reports will be used in analysing conceptual problems and related issues.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
analyse critically the major issues and debates in the field of applied industry economics
- 2
comprehend the structure, conduct and performance of firms and markets
- 3
analyse critically different policy aspects of any industry
- 4
understand the dynamics of industry including the role of innovation, research and development and entrepreneurship
- 5
develop skills in writing and presenting industry report to analyse any industry; identify the structure, competitive behaviour, and overall performance with major policies which may affect the industry in the long-run.
Workload and teaching
- Workshops36 hours
- Teaching approachActive learning
- Teaching approachResearch activities
- Teaching approachProblem-based learning
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.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Where it fits
ECF5040 is part of 2 areas of study in the 2023 handbook.
Contacts
- Chief Examiners
- Dr Krisztina Orban
Common questions
What are the prerequisites for ECF5040?
You need ECC5900 or ECF5927 before you enrol. Enrolment rules also apply.
When is ECF5040 offered?
In 2023, ECF5040 runs in Semester 2 at Caulfield.
How much work is ECF5040?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF5040 have an exam?
No. ECF5040 has 1 assessment task and no exam.
Which majors and minors include ECF5040?
ECF5040 is part of Business economics; and Economics and health.