ECW3830 Business, competition and regulation
Faculty of Business and Economics
ECW3830 Business, competition and regulation is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2024 in Semester 1 and Semester 2 at Malaysia. It needs ECS2731, ECW2731 or ECB2731.
- Credit points
- 6
- Offered in 2024
- Semester 1, Semester 2
- Malaysia
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2024 handbook entry. See the 2027 entry.
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Requisites
Before ECW3830
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ECW3830
No unit lists ECW3830 as a prerequisite in the 2024 handbook.
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 2024
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Malaysia | On campus |
| Second semester | Malaysia | On campus |
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
recognise differences in market structures and understand how those differences affect firms' competitive behaviour and performance
- 2
understand how and why competition causes changes in market structures by way of mergers, acquisitions, vertical integration and diversification
- 3
explain the economic rationale for competitive weapons utilised by business in contemporary competitive environment, such as barriers to entry, pricing and advertising strategies, product differentiation, and innovation
- 4
explain the rationale for regulation and merits of different theories of regulation
- 5
explain the arguments for and against privatisation
- 6
understand the main features of national competition policies in the countries of particular interest to Monash University in Australia and overseas
- 7
critically evaluate attempts to increase competition in particular industries, e.g. aviation, electricity and telecommunications, where there are ongoing reforms.
Workload and teaching
- Tutorials24 hours
- Teaching approachCase-based teaching
- Teaching approachActive 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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Learning resources
Required resources
Abdul-Aziz, A.R. (2002), Privatisation of Highways in Malaysia: The Peril of not Consulting End-Users, International Journal for Construction Marketing, 3(2).
Where it fits
ECW3830 is part of 2 areas of study in the 2024 handbook.
Contacts
- Chief Examiners
- Dr Lilian Chan
Common questions
When is ECW3830 offered?
In 2024, ECW3830 runs in Semester 1 and Semester 2 at Malaysia.
How much work is ECW3830?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECW3830 have an exam?
No. ECW3830 has 1 assessment task and no exam.
Which majors and minors include ECW3830?
ECW3830 is part of Applied economics.