Managerial Economics (BUSA90194)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Availability
July
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.

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: 4 March 2025

Eligibility and requirements

Prerequisites

All of

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

Code Name Teaching period Credit Points
BUSA90061 Data Analysis
March (On Campus - Parkville)
 12.5

This subject is only available to students enrolled in the MBA course at Melbourne Business School

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: 4 March 2025

Assessment

DescriptionTimingPercentage

Problem set 1

  • 1000 words (equivalent)
First half of the teaching period20%

Problem set 2

  • 1000 words (equivalent)
First half of the teaching period20%

Mid-term test

  • 1.5 hours
Hurdle requirement: Students need to pass the test to pass the subject		Mid of teaching period 40%

Final problem set

  • 1000 words (equivalent)
End of the teaching period20%

Last updated: 4 March 2025

Dates & times

  • July
    Mode of deliveryOn Campus (Parkville)
    Contact hours3 hours of teaching sessions x 10 sessions
    Total time commitment170 hours
    Pre teaching start date 3 June 2025
    Pre teaching requirementsstudents are required to complete approximately 35 hours of readings to prepare for the subject during the pre-teaching period
    Teaching period 3 July 2025 to 3 August 2025
    Last self-enrol date 9 June 2025
    Census date 4 July 2025
    Last date to withdraw without fail11 July 2025
    Assessment period ends 3 August 2025

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.

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

Last updated: 4 March 2025

Further information

  • Texts

    Prescribed texts

    There are no specifically prescribed or recommended texts for this subject.

  • Subject notes

    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

  • Related Handbook entries

    This subject contributes to the following:

    TypeName
    CourseMaster of Business Administration
  • 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: 4 March 2025