School Of Business

Industry Economics and MarketsWestern Sydney University Unit Code: 200531.2

Discipline: ECONOMICS

Student Contribution Band: 4

Level: 3

Credit Points: 10

Assumed Knowledge
This unit requires an elementary knowledge of microeconomic principles.

Equivalent Units
200058 - Industry Economics and Policy

200046 Microeconomics OR 200076 Introductory Economics OR 200525 Principles of Economics

About this Unit
The first part of this unit develops an understanding of the relationships between industry structure, the conduct of firms, and market performance. Alternative theories of the firm and strategic market behaviour are considered. The unit then examines the characteristics and operation of particular markets, including public goods and utilities, human resources, and natural and environmental resources. The analysis developed in the unit is used to provide insights into applied policy areas such as competition policy, regulation of public enterprises, microeconomic reform and industry policy.

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