Enrolments for 2019 have closed.

View information for 2020 course intake.

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Managerial Economics and Strategy

Undergraduate | SWI-ECO20003 | 2019

Course information for 2019 intake

View information for 2020 course intake

See 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:

    1. Apply an economic decision making framework to a wide range of managerial economic problems
    2. Use the concepts of elasticity and marginal revenue to establish optimal prices for goods and services
    3. Identify the costs that are relevant to decision making and distinguish between cost reductions due to scale, scope and learning effects
    4. Understand how firms can best organise themselves to deal with the constraints posed by asymmetric information
    5. Apply the basic concepts of game theory to oligopolistic decision making.

Entry requirements

Prior study

You must have successfully completed the following subject(s) before starting this subject:

one of

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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