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Managerial Economics (BUSA90195)

Graduate courseworkPoints: 12.5Online

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Overview

Availability
July - Online
FeesLook up fees

Economics is relevant to everything an organisation does, from its operations and performance to its interactions with stakeholders and society more broadly. This subject addresses fundamental economic concepts and analytical skills, providing students with the tools of economic reasoning necessary for developing and evaluating strategic business options and making better decisions. Applications lie in bargaining, price setting, creating competitive advantage, analysing different market environments and analysing situations with asymmetric information.

Intended learning outcomes

On completion of this subject, students should be able to:

  • Apply fundamental economic concepts and analytical skills to business issues such as pricing, product differentiation and creating competitive advantage
  • Assess the relevance of different cost categories for economic decision making
  • Identify strategic opportunities and constraints created by different market environments such as those involving bargaining between agents, oligopoly structures, or commodity markets
  • Apply fundamental insights from game theory to strategic situations
  • 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
BUSA90059 Data Analytics for Decision Making
Summer Term (Online)
September (Online)
 12.5
No longer available
BUSA90552 Business Essentials
September (On Campus - Parkville)
January (On Campus - Parkville)
April (On Campus - Parkville)
Summer Term (Online)
July (On Campus - Parkville)
 12.5

Corequisites

None

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: 31 January 2024

Assessment

DescriptionTimingPercentage

Weekly Problem Sets

  • 1500 words (equivalent)
Throughout the teaching period10%

Mid-term test

  • 1 hours
Week 430%

Final assignment

  • 2500 words (equivalent)
Hurdle requirement: students are required to pass the final assignment to pass the subject		During the examination period60%

Last updated: 31 January 2024

Dates & times

  • July - Online
    Mode of deliveryOnline
    Contact hours
    Total time commitment170 hours
    Teaching period 8 July 2024 to 16 August 2024
    Last self-enrol date 8 July 2024
    Census date18 July 2024
    Last date to withdraw without fail 2 August 2024
    Assessment period ends23 August 2024

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