Managerial Economics

Subject BUSA90193 (2016)

Note: This is an archived Handbook entry from 2016.

Credit Points: 12.5
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2016:

January, Parkville - Taught on campus.
Pre-teaching Period Start 11-Jan-2016
Teaching Period 18-Jan-2016 to 24-Mar-2016
Assessment Period End 01-Apr-2016
Last date to Self-Enrol 29-Nov-2015
Census Date 29-Jan-2016
Last date to Withdraw without fail 04-Mar-2016

April, Parkville - Taught on campus.
Pre-teaching Period Start 04-Apr-2016
Teaching Period 11-Apr-2016 to 16-Jun-2016
Assessment Period End 24-Jun-2016
Last date to Self-Enrol 07-Feb-2016
Census Date 22-Apr-2016
Last date to Withdraw without fail 27-May-2016

July, Parkville - Taught on campus.
Pre-teaching Period Start 27-Jun-2016
Teaching Period 04-Jul-2016 to 08-Sep-2016
Assessment Period End 16-Sep-2016
Last date to Self-Enrol 01-May-2016
Census Date 15-Jul-2016
Last date to Withdraw without fail 19-Aug-2016

September, Parkville - Taught on campus.
Pre-teaching Period Start 26-Sep-2016
Teaching Period 28-Sep-2016 to 30-Nov-2016
Assessment Period End 06-Dec-2016
Last date to Self-Enrol 17-Aug-2016
Census Date 14-Oct-2016
Last date to Withdraw without fail 11-Nov-2016

This subject is only available to students admitted to GD-BA, MC-BAPT, MC-BAPTME, 294PN, or students with permission of the MBA course coordinator

This subject has a quota of 80 students. Students will be selected on a first come, first serve basis. However if any student is approaching their completion date, they will get priority in enrolment.



Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: 30 hours
Total Time Commitment: Not available
Prerequisites:
Subject
Study Period Commencement:
Credit Points:
January, March, April, June, September
6.25
January, March, April, June, July, September
6.25
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

Contact

Melbourne Business School

Degree Program Services

Email: programservices@mbs.edu

Subject Overview:

Managerial economics is designed to provide you with the tools of economic reasoning for developing and evaluating strategic business options and to make better choices. To this end we discuss and develop the fundamental economic concepts and analytical skills required in managerial and strategic decision-making. Applications lie in bargaining, price setting, the analysis of different market environments, and the analysis of situations with asymmetric information. Many subjects—and in particular business strategy, finance, marketing, and negotiations—build upon the material learned in Managerial Economics. To benefit from these synergies you are encouraged to take Managerial Economics early in your program.

Learning Outcomes:

On completion of this subject, students should be able to:

  • Possess fundamental economic analytical skills required in managerial decision making and apply them in solving business problems
  • Correctly identify and evaluate different cost categories as drivers for managerial decision-making
  • Accurately predict firm behaviours and market outcomes for different market environments such as those characterized by bargaining between agents, oligopoly structures, and commodity markets
  • Be able to apply fundamental insights from game theory to business situations
  • Effectively design strategies involving product differentiation and price customization for segmented consumer markets
  • Predict market dynamics in competitive markets and in markets with entry barriers
Assessment:

Catherine de Fontenay and Onur Ozgur:

  • Weekly problem Sets (10%)
    • Throughout subject
  • Mid-term (30%)
    • 1 hour
  • Final examination (60%)
    • Hurdle requirement
    • 2.5 hours
    • End of subject

Sven:

  • Class participation and contribution to learning (10%)
    • Throughout subject
  • Quizzes (30%)
  • Final examination (60%)
    • Hurdle requirement
    • 2.5 hours
    • End of subject

Bogac Celen:

  • Weekly problem Sets (25%)
    • Throughout subject
  • Mid-term (25%)
    • 1 hour
  • Final examination (50%)
    • Hurdle requirement
    • 2.5 hours
    • End of subject
Prescribed Texts: None
Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Notes:

This subject is only available to students admitted to GD-BA, MC-BAPT, MC-BAPTME, 294PN, or students with permission of the MBA course coordinator

Related Course(s): Graduate Diploma in Business Administration
Master of Business Administration
Master of Business Administration
Master of Business Administration (Professional)
Master of Business Administration/Master of Information Systems
Master of Engineering Management
Master of Information Systems/Graduate Diploma in Business Admin
Master of Marketing
Master of Marketing
Master of Marketing
Postgraduate Diploma in Management

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