Monash South Africa Economics (ECS3830)
6 points, SCA Band 3, 0.125 EFTSL
Synopsis
This unit considers market structures, conduct and performance from the business perspective; economic policy as it affects horizontal and vertical relationships in business, particularly in relation to its dealings with consumers; the variety of approaches to competition and regulation policies from a South African and international perspective; analysis of policies with respect to prices, monopolies, oligopolies and mergers, consumer protection and licensing, deregulation, privatisation and nationalisation.
Outcomes
The learning goals associated with this unit are to:
- recognise differences in market structures and understand how those differences affect firms’ competitive behaviour and performance
- understand how and why competition causes changes in market structures by way of mergers, acquisitions, vertical integration and diversification
- explain the economic rationale for competitive weapons utilised by business in contemporary competitive environment, such as barriers to entry, pricing and advertising strategies, product differentiation, and innovation
- explain the rationale for regulation and merits of different theories of regulation
- explain the arguments for and against privatisation
- understand the main features of national competition policies in South Africa and other African nations compared to international experience
- critically evaluate attempts to affect competition in particular industries, e.g. electricity and telecommunications.
Assessment
Within semester assessment: 40%
Examination: 60%
Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Chief examiner(s)
Dr Tendeukayi Mugadza
Prerequisites
ECB2731 or ECG2731 or ECS2731 or ECW2731
Prohibitions
ECC3830, ECF3900, ECG3830, ECW3830, ECX3900
Undergraduate – Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Business and Economics
Coordinator(s)
Dr Tendeukayi Mugadza
Offered
South Africa
- First semester 2024 (Day)
- Summer semester B 2024 (On-campus block of classes)