Industrial Organisation studies the relationship between market structures, firm’s conducts, and market outcomes. We look at how market structures affects firm's conduct and thus market outcomes. Also, firms may have the ability to affect the market structure with strategic moves. The welfare consequences of various conducts will be discussed. In this course, students will be introduced to the theory of the firms, imperfect competition, oligopoly theory, and other strategic behaviours. The analysis in this course is essential for understanding competition policy and regulation.

In addition to the outcomes achieved by taking the pass lectures in this subject, honours students will:
- cover some of the same material using more formal analysis;
- be introduced to the academic literature in the IO field;

Typically mid term exams and a final exam. Students taking the class at this level may be subject to additional assessment compared with the pass level. Please see the Course Outline.

Lectures and tutorials as for the pass course together with additional work.

Completion of or concurrent enrolment in ECON2014 Managerial Economics or ECON2101/ECON2111 Microeconomics 2 (P or H).

Please see Course Website