- Code ECON2014
- Unit Value 6 units
- Offered by Research School of Economics
- ANU College ANU College of Business and Economics
- Course subject Economics
- Areas of interest Economics, Management
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.
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.
See the course outline on the College courses page. Outlines are uploaded as they become available.
Indicative AssessmentOne mid semester and one final exam
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Workload2 hours of lectures + 1 hour of tutorial + 6 hours private study
Requisite and Incompatibility
Tuition fees are for the academic year indicated at the top of the page.
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- Student Contribution Band:
- Unit value:
- 6 units
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Offerings, Dates and Class Summary Links
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Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
|Class number||Class start date||Last day to enrol||Census date||Class end date||Mode Of Delivery||Class Summary|
|3024||20 Feb 2017||27 Feb 2017||31 Mar 2017||26 May 2017||In Person||N/A|