Managerial economics looks at the economics of decisions facing and impinging upon managers, the central decision makers in firms. This includes a discussion of the nature of the firm and looking at relationships between managers and owners and between managers and other employees. Consideration will be given to the nature of decision-making in different market structures and how a manager is constrained by the market structure in which their firm operates. We will discuss pricing strategies in different contexts and also look at some economics of information as it relates to managerial decision making.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
Upon successful completion of the requirements for this course, students will be able to:
• Understand the roles of managers in firms
• Understand the internal and external decisions to be made by managers
• Design competition strategies, including pricing, product differentiation, research & development, and marketing, according to the natures of products and the structures of the markets
• Design optimal incentive schemes, including salary, bonus, and stock options, for employees at different levels of the firm
• Analyse real-world business problems with a systematic theoretical framework.
Other Information
See the course outline on the College courses page. Outlines are uploaded as they become available.
Indicative Assessment
One mid semester and one final examThe ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
Two hours lecture and one tutorial per week
Requisite and Incompatibility
Preliminary Reading
None.
Majors
Minors
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 3
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2016 | $3480 |
- International fee paying students
| Year | Fee |
|---|---|
| 2016 | $4638 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
First Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 3158 | 15 Feb 2016 | 26 Feb 2016 | 31 Mar 2016 | 27 May 2016 | In Person | N/A |
