| Hierarchies, Incentives & Firm Structure |
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| UoS Code | ECOS3003 |
| Credit points | 6 |
| Offered | Semester 2 |
| Prerequisites | Either (ECOS2001 or ECON2001) or (ECOS2901 or ECON2901) |
| Prohibitions | ECON3003 |
| Lectures | 1 x 2 hr lecture per week and 1 tutorial hour per fortnight |
| Assessment | 2 mid-semester exams, Final Exam |
| Description | 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. |
| This unit of study is available as part of the following major subject areas |
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