Handbook home
Managerial Economics (BUSA90195)
Graduate courseworkPoints: 12.5Not available in 2023
To learn more, visit 2023 Course and subject delivery.
Overview
Fees | Look 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: 31 January 2024
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
BUSA90552 | Business Essentials |
October (Online)
August (Online)
September (On Campus - Parkville)
July (Online)
July (On Campus - Parkville)
|
12.5 |
BUSA90059 | Data Analytics for Decision Making | Not available in 2024 |
12.5 |
Corequisites
Non-allowed subjects
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: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Weekly problem Sets | Throughout the teaching period | 10% |
Mid-term
| 30% | |
End-of-semester examination
| During the examination period | 60% |
Class participation and contribution to learning | Throughout the teaching period | 10% |
Quizzes | 30% | |
End-of-semester examination
| During the examination period | 60% |
Weekly problem Sets | Throughout the teaching period | 25% |
Mid-term
| 25% | |
End-of-semester examination
| During the examination period | 50% |
Additional details
Catherine de Fontenay and Onur Ozgur (assessment items 1-3 in table)
Sven (assessment items 4-6 in table)
Bogac Celen (assessment items 7-9 in table)
Last updated: 31 January 2024
Dates & times
Not available in 2023
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Last updated: 31 January 2024
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 31 January 2024