Managerial Economics (BUSA90193)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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As part of the University’s response to COVID-19 and the associated Government restrictions and guidelines, most subjects will continue to be delivered online in Winter and Semester 2.
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.

Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.

Overview

Availability(Quotas apply)
January
April
June
September
FeesLook up fees

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

Last updated: 3 November 2022

Eligibility and requirements

Prerequisites

Code Name Teaching period Credit Points
BUSA90480 Leadership
September (On Campus - Parkville)
March (On Campus - Parkville)
Summer Term (On Campus - Parkville)
June (On Campus - Parkville)
September (On Campus - Parkville)
March (On Campus - Parkville)
 6.25
BUSA90481 Social Responsibility and Ethics
September (On Campus - Parkville)
Summer Term (On Campus - Parkville)
June (On Campus - Parkville)
June (On Campus - Parkville)
September (On Campus - Parkville)
March (On Campus - Parkville)
 6.25

Corequisites

Code Name Teaching period Credit Points
BUSA90060 Data Analysis
September (On Campus - Parkville)
January (On Campus - Parkville)
June (On Campus - Parkville)
April (On Campus - Parkville)
September (On Campus - Parkville)
 12.5

Non-allowed subjects

None

Inherent requirements (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

Last updated: 3 November 2022

Assessment

Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS

April

DescriptionTimingPercentage

Weekly problem sets

Throughout the teaching period10%

Mid-term

  • 1 hours
During the teaching period30%

Final examination

  • 2.5 hours
Hurdle requirement		End of the teaching period60%

January

DescriptionTimingPercentage

Class participation and contribution to learning

Throughout the teaching period10%

Quizzes

30%

Final examination

  • 2.5 hours
Hurdle requirement		End of the teaching period60%

June

DescriptionTimingPercentage

Weekly problem sets

Throughout the teaching period25%

Mid-term

  • 1 hours
During the teaching period25%

Final examination

  • 2.5 hours
Hurdle requirement		End of the teaching period50%

Additional details

Catherine de Fontenay and Onur Ozgur: (April)

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

Sven: (January)

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

Bogac Celen: (June)

  • 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

Last updated: 3 November 2022

Quotas apply to this subject

Dates & times

  • January
    Mode of deliveryOn Campus (Parkville)
    Contact hours30 hours
    Total time commitment170 hours
    Pre teaching start date 6 January 2020
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period13 January 2020 to 19 March 2020
    Last self-enrol date 1 December 2019
    Census date24 January 2020
    Last date to withdraw without fail28 February 2020
    Assessment period ends26 March 2020

    January contact information

    Melbourne Business School

    Degree Program Services

    Email: programservices@mbs.edu

  • April
    Mode of deliveryOn Campus (Parkville)
    Contact hours30 hours
    Total time commitment170 hours
    Pre teaching start date30 March 2020
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period 6 April 2020 to 11 June 2020
    Last self-enrol date 2 February 2020
    Census date24 April 2020
    Last date to withdraw without fail22 May 2020
    Assessment period ends18 June 2020
  • June
    Mode of deliveryOn Campus (Parkville)
    Contact hours30 hours
    Total time commitment170 hours
    Pre teaching start date22 June 2020
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period29 June 2020 to 3 September 2020
    Last self-enrol date26 April 2020
    Census date17 July 2020
    Last date to withdraw without fail14 August 2020
    Assessment period ends10 September 2020

    June contact information

    Melbourne Business School

    Degree Program Services

    Email: programservices@mbs.edu

  • September
    Mode of deliveryOn Campus (Parkville)
    Contact hours30 hours
    Total time commitment170 hours
    Pre teaching start date14 September 2020
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period21 September 2020 to 26 November 2020
    Last self-enrol date19 July 2020
    Census date 9 October 2020
    Last date to withdraw without fail13 November 2020
    Assessment period ends 3 December 2020

    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

Last updated: 3 November 2022

Further information

Last updated: 3 November 2022