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Managerial Economics (BUSA90193)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Year of offer2019
Subject levelGraduate coursework
Subject codeBUSA90193
Campus
Parkville
Availability(Quotas apply)
January
April
July
September
FeesSubject EFTSL, Level, Discipline & Census Date

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.

Intended 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

Eligibility and requirements

Prerequisites

Code Name Teaching period Credit Points
BUSA90480 Leadership
Summer Term
March
March
June
September
6.25
BUSA90481 Social Responsibility and Ethics
Summer Term
April
April
June
September
6.25

Corequisites

Code Name Teaching period Credit Points
BUSA90060 Data Analysis
January
January
April
July
September
12.5

Non-allowed subjects

None

Core participation requirements

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home

Assessment

Description

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

EMBA:

  • Problem set 1 (10%)
  • Problem set 2 (20%)
  • Mid-term test (40%)
    • 1.5 hours
    • Hurdle requirement
  • Final assessment (30%)
    • End of subject

Quotas apply to this subject

Dates & times

  • January
    Mode of deliveryOn Campus — Parkville
    Contact hours30 hours
    Pre teaching start date 7 January 2019
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period14 January 2019 to 21 March 2019
    Last self-enrol date 2 December 2018
    Census date25 January 2019
    Last date to withdraw without fail 1 March 2019
    Assessment period ends28 March 2019

    January contact information

    Melbourne Business School

    Degree Program Services

    Email: programservices@mbs.edu

  • April
    Mode of deliveryOn Campus — Parkville
    Contact hours30 hours
    Pre teaching start date 1 April 2019
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period 8 April 2019 to 13 June 2019
    Last self-enrol date 3 February 2019
    Census date23 April 2019
    Last date to withdraw without fail24 May 2019
    Assessment period ends20 June 2019
  • July
    Mode of deliveryOn Campus — Parkville
    Contact hours30 hours
    Pre teaching start date24 June 2019
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period 1 July 2019 to 5 September 2019
    Last self-enrol date28 April 2019
    Census date12 July 2019
    Last date to withdraw without fail16 August 2019
    Assessment period ends12 September 2019

    July contact information

    Melbourne Business School

    Degree Program Services

    Email: programservices@mbs.edu

  • September
    Mode of deliveryOn Campus — Parkville
    Contact hours30 hours
    Pre teaching start date16 September 2019
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period23 September 2019 to 28 November 2019
    Last self-enrol date21 July 2019
    Census date 4 October 2019
    Last date to withdraw without fail 8 November 2019
    Assessment period ends 5 December 2019

    September contact information

    Melbourne Business School

    Degree Program Services

    Email: programservices@mbs.edu

Additional delivery details

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.

This subject is equivalent to BUSA90194 in MC-BAPTME

Further information

Last updated: 22 August 2019