Managerial Economics (MGMT90043)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

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September
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This subject provides the core concepts of price theory, and economic policy and management for professional managers. It provides students with the knowledge of rational micro- and macro- frameworks that are necessary for professional managers to be effective in decision making and resource allocation.

Intended learning outcomes

  • Students who successfully complete this subject should:
  • Be able to use price theory analysis to solve economics problems, make sound decisions and allocate resources
  • Understand the ‘theory of the firm’ and competition and regulatory frameworks in markets of different types
  • Understand the concepts of economic value in markets
  • Understand key elements of government policy and government – business dynamics in a national and global context

Generic skills

On successful completion of this subject students should have enhanced their skills in:

  • Ethical behaviour in leadership and organisations
  • Analysis and problem solving
  • Capacity for intellectual curiosity, creativity and independent thought
  • Communication of key ideas and theories within the discipline areas
  • Capacity for effective teamwork and collaboration
  • Information retrieval and application in relation to practical problems.

Last updated: 3 November 2022