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ECOS2201 - Economics of Competition and Strategy
Faculty of Arts and Social Sciences - 6 credit points
HECS Band five
Domestic Fee: $3,480
International Fee: $3,960
EFTSL: 0.125000000
Help? - Unit of Study Costs
Department: Economics
Offered session(s): 1
Prerequisites: ECON1001 or BUSS1040
Prohibitions: ECON2201, ECOS3005
Classes: 1x2-hr lecture/week and 1x1-hr tutorial/week

Assessment: 2x mid-semester tests (40%) and 2hr final exam (60%)

This unit introduces new and comprehensive methods for the analysis and formation of business strategy. The unit analyses strategies for developing competitive advantages, including product differentiation, cost advantages and product life cycles; implementing incentives, control, firm boundaries, and internal firm decision-making mechanisms; implementing pricing, auction and signalling practices; assessing industry attractiveness and the regulatory/trade practices environment; and managing industry cooperation and conflict. Students are taught a set of tools that they can bring to bear on new problems. Understanding competitive dynamics and strategic thinking are emphasised. Case studies and problem-solving form an important part of the teaching method.
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