ECF5020 - The economics of e-commerce
6 points, SCA Band 3, 0.125 EFTSL
Postgraduate Faculty of Business and Economics
Leader(s): Dr He-Ling Shi
Not offered in 2009
The Nasdaq might be unstable but e-commerce has arrived and is an important aspect of the new global economy. This subject investigates the economics of e-commerce: how e-commerce is changing the transactions costs of international trade and within an organisation the economics of production; whether e-commerce improves market transparency and competition; the risks of e-commerce; the impact of e-commerce on production, inflation and growth. We analyse how governments foster competitiveness and the response of companies to the new opportunities.
The learning goals associated with this unit are to:
- appreciate the theory of transaction cost analysis and how this applies to e-commerce
- understand the practical economic impact of e-commerce on transactions costs within the global economy and Australia and the wider impact of e-commerce on production, inflation and aggregate economic growth
- grasp how e-ecommerce impacts on the economics of competition and in turn requires regulation
- demonstrate an understanding of the unit in written and oral work which stresses the policy implications of e-commerce for various players in the global economy, the role of regulation and how this regulation impacts on the transactions costs of e-commerce.
Within semester assessment: 50%+ Examination (3 hours): 50%
3 hours per week
Students must be enrolled in course 3842 to undertake this unit