Notice
As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group learning activities on campus for the second half-year, while keeping an online version available for those students unable to return or those who choose to continue their studies online.
To check the availability of face to face activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.
Unit convenor and teaching staff |
Unit convenor and teaching staff
Jordi McKenzie
Aditya Srivastava
|
---|---|
Credit points |
Credit points
10
|
Prerequisites |
Prerequisites
20cp at 2000 level including ECON203 or ECON2003
|
Corequisites |
Corequisites
|
Co-badged status |
Co-badged status
|
Unit description |
Unit description
Instead of taking markets and their resource allocation capacities as given, industrial organisation attempts to understand the ways in which industries are organised. Specifically, the contractual arrangements that facilitate economic exchange are given detailed scrutiny. Topics may include: markets, firms and government viewed as three different institutional or governance structures that serve to accomplish given economic objectives. The applied issue then becomes not which one of these institutions should be utilised, but what is the most efficient mix. |
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Class test
Students who do not sit the class test will be awarded a mark of zero, except for cases in which an application for 'Special Consideration' has been made and approved. Students should note that applications for 'Special Consideration' are reviewed by a School committee and suspected non-genuine cases will not be granted.
Research assignment
No extensions will be granted. There will be a deduction of 10% of the total available marks for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission incurs a 20% penalty). Late submissions will be accepted up to 96 hours after the due date and time. This penalty does not apply for cases in which an application for Special Consideration is made and approved. Note: applications for Special Consideration must be made within 5 (five) business days of the due date and time. When an application for special consideration has been approved, Policy allows for the provision of one additional task. The format, time and date of this task will be determined by the Unit Convenor.
Final examination
If an application for Special Consideration is approved, Policy allows for the provision of one additional task. Note: applications for Special Consideration must be made within 5 (five) business days of the due date and time.
Name | Weighting | Hurdle | Due |
---|---|---|---|
Class test online | 20% | No | Week 7 |
Research assignment | 20% | No | Week 12 |
Final examination online | 60% | No | Exam period |
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 10 hours
Due: Week 7
Weighting: 20%
The 60 minute open book test will include 20 multiple choice questions, covering material from weeks 1-6 (inclusive)
Assessment Type 1: Report
Indicative Time on Task 2: 20 hours
Due: Week 12
Weighting: 20%
Detailed information about the Research Assignment will be provided on iLearn and during lectures.
Assessment Type 1: Examination
Indicative Time on Task 2: 35 hours
Due: Exam period
Weighting: 60%
A two hour open book examination, consisting of multiple choice and short answer questions, will be held during the University Examination Period.
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Online lectures and workshop
This unit will be primarily taught using online ECHO recordings. Each week there will be a main lecture recording, as well as accompanying short video recordings. There will also be workshop questions related to each topic with accompanying video recordings. It is strongly recommended that students watch all of these recordings.
Prescribed textbook
The printed textbook and E-Text can be purchased from Wiley: https://www.wiley.com/en-au/Industrial Organization: Contemporary Theory and Empirical Applications, 5th Edition-p-9781118545508. The printed textbook can also be purchased via various online retailers (Zookal, Booktopia, Amazon etc.)
You must have access to this resource prior to the start of the semester (and in my experience students without access to this content are far less likely to pass).
Other textbooks which may also be useful include:
For a more advanced treatment of the material covered in this course you may want to consider the following textbooks:
Topic |
Textbook chapters |
Introduction to IO; Microeconomics review |
1, 2 |
Market structure and power; Technology and cost |
3, 4 |
Price discrimination |
5, 6 |
Product variety and quality |
7 |
Bundling and tie-in sales |
8 |
Cournot competition; Price competition |
9, 10 |
Price competition (cont.); Dynamic games |
10, 11 |
Entry deterrence and predation; Predatory conduct |
12, 13 |
Price fixing, repeated games and antitrust |
14 |
Advertising, market power and information; Research and development |
19, 20 |
Research and development (cont.); Patents and patent policy |
20, 21 |
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct
Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.
The Library provides online and face to face support to help you find and use relevant information resources.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
If you are a Global MBA student contact globalmba.support@mq.edu.au
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.