Enrolments for 2019 have closed.
Managerial Economics and Strategy
Undergraduate | SWI-ECO20003 | 2019
Course information for 2019 intake
View information for 2020 course intakeSee how managers use economic tools to help make decisions.
Take the point of view of businesses, non-profit organisations and governments. Dig into cost analysis and pricing practices. Investigate game theory and how it relates to decision-making.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Prior study needed
- Duration
- 13 weeks
HECS-HELP and FEE-HELP available
Managerial Economics and Strategy
About this subject
Students who successfully complete this subject will be able to:
- Apply an economic decision making framework to a wide range of managerial economic problems
- Use the concepts of elasticity and marginal revenue to establish optimal prices for goods and services
- Identify the costs that are relevant to decision making and distinguish between cost reductions due to scale, scope and learning effects
- Understand how firms can best organise themselves to deal with the constraints posed by asymmetric information
- Apply the basic concepts of game theory to oligopolistic decision making.
- Introduction to Managerial Decision Making
- Economics and Managerial Decision Making: The Firm and its Goals
- Demand, Supply and Demand Estimation
- Demand Elasticity
- Demand Estimation and Regression
- Cost Analysis in Contemporary Firms
- Cost Analysis
- Pricing, Output Decisions and Game Theory
- Perfect Competition and Monopoly
- Monopolistic Competition and Oligopoly
- Pricing Practices
- Game Theory
- Risk Analysis
- Asymmetric Information and its Significance
- Buisness Relations and the Global Market
- The Multinational Corporation and Globalization
Managerial Economics and Strategy aims to provide students with an understanding of some of the main economic tools used in making sound managerial decisions in an increasingly complex and competitive business environment. It also aims to assist students to apply those tools to a variety of economic issues faced by business, non-profit organisations and government. Among the topics covered are market structures and their impact on industry performance, the pricing strategies of firms, the use of game theory in interpreting firm behaviour, capital budgeting and information imperfections in markets.
- Report - Individual (40 - 50%)
- Mid Semester Test - Individual (10 - 20%)
- Invigilated Exam - Individual (30 - 50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Prior study
You must have successfully completed the following subject(s) before starting this subject:
one of
SWI-ECO10002 (Not currently available)
- SWI-ECO10004-Economic Principles
- USA-ECO11-Principles of Economics
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
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