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Managerial Economics (BUSA90193)

Graduate courseworkPoints: 12.5Dual-Delivery (Parkville) and On Campus (Parkville)

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Overview

Availability(Quotas apply)
January - Dual-Delivery
April - Dual-Delivery
July - On Campus
September - On Campus
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
  • apply the understanding of different cost categories to managerial decisions such as pricing and creating competitive advantage
  • Accurately predict firm behaviours and market outcomes for different market environments such as those characterized by bargaining between agents, oligopoly structures, and commodity markets
  • 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: 12 November 2022

Eligibility and requirements

Prerequisites

Code Name Teaching period Credit Points
BUSA90480 Leadership
April (On Campus - Parkville)
September (On Campus - Parkville)
March (Dual-Delivery - Parkville)
June (Dual-Delivery - Parkville)
 6.25
BUSA90481 Managerial Ethics & Business Environment
March (On Campus - Parkville)
July (On Campus - Parkville)
September (On Campus - Parkville)
April (Dual-Delivery - Parkville)
 6.25

Corequisites

Code Name Teaching period Credit Points
BUSA90060 Data Analysis
September (On Campus - Parkville)
July (On Campus - Parkville)
April (Dual-Delivery - 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: 12 November 2022

Assessment

April

DescriptionTimingPercentage

Weekly problem sets

  • 1500 words (equivalent)
Throughout the teaching period10%

Mid-term

  • 1 hours
During the teaching period30%

Final examination

  • 2.5 hours
Hurdle requirement: Students are required to pass the final examination to pass the subject		End of the teaching period60%

January

DescriptionTimingPercentage

Class participation and contribution to learning

Throughout the teaching period10%

Quizzes

  • 1500 words (equivalent)
Throughout the teaching period30%

Final examination

  • 2.5 hours
Hurdle requirement: Students are required to pass the final examination to pass the subject		End of the teaching period60%

June

DescriptionTimingPercentage

Weekly problem sets

  • 1500 words (equivalent)
Throughout the teaching period25%

Mid-term

  • 1 hours
During the teaching period25%

Final examination

  • 2.5 hours
Hurdle requirement: students are required to pass the final examination to pass the subject		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: 12 November 2022

Quotas apply to this subject

Dates & times

  • January - Dual-Delivery
    Mode of deliveryDual-Delivery (Parkville)
    Contact hours30 hours
    Total time commitment140 hours
    Pre teaching start date10 January 2022
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period17 January 2022 to 25 March 2022
    Last self-enrol date12 December 2021
    Census date28 January 2022
    Last date to withdraw without fail 4 March 2022
    Assessment period ends 1 April 2022

    January contact information

    Melbourne Business School

    Degree Program Services

    Email: programservices@mbs.edu

  • April - Dual-Delivery
    Mode of deliveryDual-Delivery (Parkville)
    Contact hours30 hours
    Total time commitment140 hours
    Pre teaching start date 4 April 2022
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period11 April 2022 to 17 June 2022
    Last self-enrol date 6 February 2022
    Census date22 April 2022
    Last date to withdraw without fail27 May 2022
    Assessment period ends24 June 2022
  • July - On Campus
    Mode of deliveryOn Campus (Parkville)
    Contact hours30 hours
    Total time commitment140 hours
    Pre teaching start date27 June 2022
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period 4 July 2022 to 9 September 2022
    Last self-enrol date24 April 2022
    Census date15 July 2022
    Last date to withdraw without fail19 August 2022
    Assessment period ends16 September 2022

    July contact information

    Melbourne Business School

    Degree Program Services

    Email: programservices@mbs.edu

  • September - On Campus
    Mode of deliveryOn Campus (Parkville)
    Contact hours30 hours
    Total time commitment140 hours
    Pre teaching start date19 September 2022
    Pre teaching requirementsstudents are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period
    Teaching period26 September 2022 to 2 December 2022
    Last self-enrol date17 July 2022
    Census date 7 October 2022
    Last date to withdraw without fail11 November 2022
    Assessment period ends 9 December 2022

    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: 12 November 2022

Further information

Last updated: 12 November 2022