Hierarchies, Incentives & Firm Structure

University of Sydney

Course Description

  • Course Name

    Hierarchies, Incentives & Firm Structure

  • Host University

    University of Sydney

  • Location

    Sydney, Australia

  • Area of Study

    Business, Economics

  • Language Level

    Taught In English

  • Prerequisites

    Prerequisites and assumed knowledge
    ECOS2001 or ECON2001 or ECOS2901 or ECON2901

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    6
  • Recommended U.S. Semester Credits
    4
  • Recommended U.S. Quarter Units
    6
  • Overview

    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.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.