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ECOS3003 - Hierarchies, Incentives & Firm Structure
Faculty of Arts and Social Sciences - 6 credit points
HECS Band five
Domestic Fee: $3,662
International Fee: $4,162
EFTSL: 0.125000000
Help? - Unit of Study Costs
Department: Economics
Offered session(s): 1
Prerequisites: (ECOS2001 or ECON2001) or (ECOS2901 or ECON2901)
Prohibitions: ECON3003, ECOS2306
Classes: 1x2-hr lecture/week, 1x1-hr tutorial/fortnight

Assessment: group assignment (25%), mid-semester test (20%) and 2hr final exam (55%)

This unit deals with the coordination and motivation problems faced by firms. More specifically this unit examines: whether firms use price or command mechanisms to allocate resources within firms; the problems associated with designing incentive contracts; the principles of efficient contract design and; the real world applications of those principles. The final section deals with the manner in which the coordination and motivation problems faced by firms determines their financial, vertical and horizontal structure.
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