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ECW2731 - Managerial economics

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader(s): Dr Vinod Mishra

Offered

Berwick Second semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway Second semester 2009 (Day)
Sunway Summer semester A 2009 (Day)
Singapore Second semester 2009 (Off-campus)
South Africa Second semester 2009 (Day)

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 online 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

Within semester assessment: 30%
Examination (2 hours): 70%

Contact hours

3 hours per week

Prerequisites

ECW1101

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