LA TROBE UNIVERSITY 
ECO3CMF: Competition, Market Failure and Goverment 
Final Examination Guide and Notes 2026 
 
Part A: About This Guide 
Part B: Sample Final Examination Paper 
Part C: Suggested Solutions to Final Exam Paper 
Part D: Final Examination - Hints and Tips 
 
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ECO3CMF: Competition, Market Failure and Goverment - La Trobe University

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ACADEMIC YEAR 2025 - 2026

University	La Trobe University
Study Level	Undergraduate
Subject Code	ECO3CMF
Subject Name	Competition, Market Failure and Goverment
Credit Points	15
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	30

This guide helps you master the key examinable topics in ECO3CMF: Competition, Market Failure and Goverment (La Trobe University). Clear, step-by-step explanations and practical tips help you understand each topic quickly. Illustrations and worked examples show exactly how to apply the theory, so you can approach challenging questions with confidence. After reviewing your lecture materials, you can check your progress with a realistic sample exam, complete with solutions and full explanations.

In Competition, Market Failure and Government you will study advanced models of markets, individual behaviour and government responses to a range of market failures. We will extend your understanding of markets and efficiency by studying general equilibrium. We will then build on this benchmark by considering a range of extensions that are broadly defined as market failures. Examples include information asymmetry and public goods and externalities. You will build your technical expertise and understanding of important economic concepts, providing you with experience in solving models and problems that explain equilibrium in a diverse range of settings, accounting for individual behaviour and social welfare. This will provide you with a framework and skills to analyse policy problems facing individuals, firms and governments and provide economic policy recommendations.

✔ On successful completion you will be able to:

Use a variety of economic models and a range of techniques to critically evaluate a range of economic problems.
Critically evaluate the concepts of competitive equilibrium, Pareto efficiency and welfare theorems of economics in a manner that informs policy formation and analysis.
Explain the nature, consequences and policy responses to various forms of market failure using written, mathematical and graphical approaches.

SUBJECT CODE	SUBJECT NAME
ACC2CAD	Cost Information for Decision Making
ACC2CRE	Financial Accounting and Reporting
ACC3AFA	Advanced Accounting
ACC3TAX	Taxation
BUS1002	Business Analysis and Modelling
BUS1BUE	Markets, Policy and the Economy
ECM2001	Economic Data Analysis
ECO2CFC	Consumers, Firms and Competition
FIN1FOF	Fundamentals of Finance
FIN2002	Corporate Finance
FIN2SEV	Investment Securities
FIN3001	Derivatives and Risk Management
FIN3IPM	Portfolio Management
LST1001	Introduction to Business and Company Law
MGT1OBE	Organisational Behaviour
MKT1003	Marketing Fundamentals
MKT1MDP	Principles and Practices of Marketing

Updated for 2026

ECO3CMF: Competition, Market Failure and Goverment - La Trobe University

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