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 the 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.

Research-Led Teaching

Additional to a textbook Managerial Economics & Organisational Architecture by James Brickley, Clifford W. Smith, Jr. and Jerold Zimmerman, the Course will be based and include very relevant, bright, contemporary academic articles on related topics.

Examination Material or equipment

Closed book 2h Exam, only Exam booklet and pen, no additional devices are allowed.

Recommended Resources

Recommended  Textbook:  http://www.mheducation.com.au/9780073523149-aus-managerial- economics-organizational-architecture

Managerial Economics & Organizational Architecture

by James Brickley, Clifford W. Smith, Jr. and Jerold Zimmerman

Edition: 6th

ISBN: 9780073523149

Recommended textbook is available in the Library and also is placed on Reserve

Staff Feedback

In this course students will receive feedback in the following formats: eg. written comments, verbal comments, feedback to the whole class, to groups, to individuals.

Student Feedback

ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.

Class Schedule

Week/Session	Summary of Activities	Assessment
1	Introduction to Managerial Economics
2	Demand, Production and Cost
3	Market Structure and Pricing
4	Economics of Strategy: creating Value and Game Theory
5	Incentive Conflicts and Contracts
6	Organisational Architecture	Individual Feedback on the first half of the semester participation
7	Managerial Economics Simulation Workshop	Written assignment through Turnitin, due date 24 April 2019, 23.59, 40%
8	Decision Rights: Empowerment and Bundling Tasks
9	Attracting and Retaining Employees and Incentive Compensation
10	Performance Evaluation	Team Presentation 20% (at one of Tutorials 15/16 or 22/23 May 2019)
11	Corporate Governance, Vertical Integration and Outsourcing	Team Presentation 20% (at one of Tutorials 15/16 or 22/23 May 2019)
12	Leadership and Motivating Change and Course Revision
13	Examination period 3-22nd June 2019	Final Exam 40%

Tutorial Registration

Tutorial signup for this course will be done via the Wattle website. Detailed information about signup times will be provided on Wattle or during your first lecture. When tutorials are available for enrolment, follow these steps:

1.   Log on to Wattle, and go to the course site

2.   Click on the link “Tutorial enrolment”

3.   On the right of the screen, click on the tab “Become Member of…..” for the tutorial class you wish to enter

4.   Confirm your choice

If you need to change your enrolment, you will be able to do so by clicking on the tab “Leave group….” and then re-enrol in another group. You will not be able to enrol in groups that have reached their maximum number. Please note that enrolment in ISIS must be finalised for you to have access to Wattle.

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
Written assignment (through Turnitin)	40 %	24/04/2019	08/05/2019	1,2,3
Team Presentation	20 %	15/05/2019	01/06/2019	1,2,3,4,5
Final Exam	40 %	03/06/2019	01/07/2019	1,2,3,4,5

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details

Policies

ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:

• Student Assessment (Coursework) Policy and Procedure
• Special Assessment Consideration Policy and General Information 
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure

Assessment Requirements

The ANU is using 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. For additional information regarding Turnitin please visit the ANU Online website. Students may choose not to submit assessment items through Turnitin. In this instance you will be required to submit, alongside the assessment item itself, hard copies of all references included in the assessment item.

Moderation of Assessment

Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.

Participation

Students attendance of Lectures and Tutorials is highly encouraged! ECON2014/6014 is a highly engaging course, so active regular participation in class discussions is highly expected in the course and course develops skills critically needed for a successful future Global business/economics Leaders.

Examination(s)

Exam is 2h individual assessment in the format of Written Exam (closed Books). Several formats of tasks will be offered: case study analysis, mini-case study, open questions.

Assessment Task 1

Written assignment (through Turnitin)

Managerial Economics Company analysis

Assessment Rubrics: Will be added to Wattle

Word limit: Will be added to Wattle

Value: 40% of final mark

Estimated return date: 24 April, 2019, 23.59 via Turnitin submission

Individual Assessment

Assessment Task 2

Team Presentation

Managerial Economics problem analysis and Team presentation

Assessment Rubrics: Will be added to Wattle

Word limit: Oral presentation

Value: 20% of final mark

Estimated return date: Team presentation at Tutorial of week 10 (15/16 May 2019) and week 11 (22/23 May 2019)

Team Assessment: 4 Students in a Team, 15 min presentation + Q/A

Assessment Task 3

Final Exam

Assessment Rubrics: Will be added to Wattle

Value: 40% of final mark

Exam Period: 3-22 June 2019

Individual Assessment; several formats of tasks will be offered: case-study analysis, mini-case study, open questions

Academic Integrity

Academic integrity is a core part of our culture as a community of scholars. At its heart, academic integrity is about behaving ethically. This means that all members of the community commit to honest and responsible scholarly practice and to upholding these values with respect and fairness. The Australian National University commits to embedding the values of academic integrity in our teaching and learning. We ensure that all members of our community understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with. The University has policies and procedures in place to promote academic integrity and manage academic misconduct. Visit the following Academic honesty & plagiarism website for more information about academic integrity and what the ANU considers academic misconduct. The ANU offers a number of services to assist students with their assignments, examinations, and other learning activities. The Academic Skills and Learning Centre offers a number of workshops and seminars that you may find useful for your studies.

Online Submission

You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) as submission must be through Turnitin.

Hardcopy Submission

For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.

Late Submission

Late submission of assessment tasks without an extension are penalised at the rate of 5% of the possible marks available per working day or part thereof. Late submission of assessment tasks is not accepted after 10 working days after the due date, or on or after the date specified in the course outline for the return of the assessment item. Late submission is not accepted for take-home examinations.

Referencing Requirements

Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.

Returning Assignments

Mid-term Exam: written at home assignment, submitted via Turnitin

?Final Exam: In Class written Exam

Extensions and Penalties

Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. The Course Convener may grant extensions for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.

Resubmission of Assignments

No Resubmission is allowed

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information.
In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service – including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy.
If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

Distribution of grades policy

Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.

Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.

Support for students

The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).

• ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
• ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
• ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
• ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
• ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
• ANUSA supports and represents undergraduate and ANU College students
• PARSA supports and represents postgraduate and research students