ECW2731 - Managerial economics

Leader: Berwick: Dr Gennadi Kazakevitch; Gippsland: Dr Svetlana Maslyuk

Offered

Berwick Second semester 2007 (Day)
Gippsland Second semester 2007 (Day)
Gippsland Second semester 2007 (Off-campus)
Singapore Second semester 2007 (Off-campus)

Synopsis

This subject reviews the contemporary microeconomic principles in the context most relevant to business people. Market processes, demand patterns, cost structures, market conditions, pricing policies, and the impact of regulation on business decisions are discussed. Cases and problems from the prescribed text, Australian media, and on-line resources illustrate how economic concepts can be applied to specific industries. Analytical techniques and quantitative tools link the concepts to measurement and managerial decision-making.

Assessment

Major essay (3000 words): 30%
Examination (2 hours): 70%

Contact hours

3 hours per week

Prerequisites

ECW1101