Industrial Organisation studies the interdependence of market structures, firm’s conducts, and market outcomes. We look at how market structures affects firm's conduct and thus market outcomes. In this course, students will be introduced to the theory of the firms, imperfect competition, oligopoly theory, and other strategic behaviours. Some applications on competition policy and regulation will also be introduced if time permits.

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 a mid term exam 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