MBA9003

Economics for managers

(BUS)

Associate Professor Keith Trace

6 points + 3-hour session per week + First and second semester + Caulfield

Synopsis: Economics for managers is designed to introduce students to the methodology of microeconomics and the tools used by economists in problem solving. Topics to be considered include demand, supply and market analysis, cost concepts, price determination and pricing practices. The course aims to develop an understanding of the competitive environment facing firms through analysis of varying market structures (oligopoly, monopolistic competition etc). The knowledge gained will be applied to a range of microeconomic policy issues, including competition policy, regulation, microeconomic reform and privatisation.

Assessment: Mid-semester test (2 hours): 20% + Written assignment (approximately 2500 words): 30% + Examination (2 hours): 50%