MBA9003

Economics for managers ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Dr George Rivers

Offered:
Caulfield First semester 2006 (Day)
Caulfield First semester 2006 (Evening)
Caulfield Second semester 2006 (Evening)

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): 15% + A syndicate report to be given in class: 10% + An essay (approximately 2500 words): 25% + Examination (2 hours): 50%

Contact Hours: 1 x 3 hour lecture per week

Prerequisites: Students must be enrolled in the MBA program.