Pre-requisite: 51008
Students seeking careers in business, education and government need to develop an understanding of the way firms operate within their individual market structure or industrial environment. They also need to acquire the analytical tools to investigate information flows and factor productivity and to evaluate firm and industry performance. This unit uses selected microeconomic theory to analyse resource markets and industrial activity. Particular characteristics of the emerging information industry are identified and explored. Alternative views on industrial development and the role of government in the industrial development process are presented. Emphasis is placed on exploring activities of firms and industries within contemporary markets.