Monash University Handbook 2010 Undergraduate - Unit

Synopsis

Students will deepen their knowledge of the differing views of the firm. Topics include: the firm within a capitalist economic system; the macroeconomic constraints on the firm; the market structural constraints on the firm; differing perspectives of the firm - the conventional economic, technological view, the accounting, management and marketing views, the recent transaction costs and new classical view; how these different areas explain current issues such as downsizing and electronic commerce.

Objectives

The learning goals associated with this unit are to:

• understand and recognise the various processes involved in investment decision making;
• understand and explain the relevant factors behind risk analysis and risk management;
• understand and analyse firm pricing strategies;
• recognize and evaluate the various theories of the organisation known as the firm and the role of managers in such organisations; and develop an understanding of strategic games in the use of business applications.

Assessment

Within semester assessment: 40%
Examination (2 hours): 60%

Chief examiner(s)

Russell Smyth

Contact hours

3 hours per week

Prerequisites

ECF1100

Prohibitions

PMM2020