This course covers competition policy and a brief introduction to the economics of regulation. We use theoretical industrial organisation models to analyse firms' competitive and anti-competitive behaviour . We will study conducts such as collusion, merger, vertical control, predation, and some other non-price monopolization practices. We will also discuss various competition policy guidelines including the ACCC merger guideline and Competition and Consumer Act 2010. In the last part of the course, we briefly introduce the theory of regulation.
Upon successful completion, students will have the knowledge and skills to:
- demonstrate an understanding of the main economic theories that form the foundation of competitive policies;
- create simple models that evaluate policy interventions in markets;
- criticique decisions by courts and regulatory agencies regarding anticompetitive claims;
- comment on the welfare implications of various conducts of the firms in several different market environments;
- demonstrate an understanding of the main theoretical tools used by researchers in the field of Industrial Organization;
- formally analyse competition policy issues;
- demonstrate a basic understanding of the theory of regulation.
- Assessment may consist of a Final Exam, mid-semester exam(s), quizzes, assignments or some combination thereof. See the Class Summary for details. (100) [LO 1,2,3,4,5,6,7]
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130 hours in total over the semester consisting of lectures, tutorials and private study time.
Requisite and Incompatibility
See Class Summary
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