• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Course subject Economics
  • Areas of interest Economics, Management
  • Academic career UGRD
  • Course convener
    • Dr Marina Iskhakova
  • Mode of delivery In Person
  • Co-taught Course
  • Offered in First Semester 2020
    See Future Offerings

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:

  1. Understand the roles of managers in firms
  2. Understand the internal and external decisions to be made by managers
  3. Design competition strategies, including pricing, product differentiation, research & development, and marketing, according to the natures of products and the structures of the markets
  4. Design optimal incentive schemes, including salary, bonus, and stock options, for employees at different levels of the firm
  5. Analyse real-world business problems with a systematic theoretical framework.

Indicative Assessment

  1. Written Assignment 40% (40) [LO null]
  2. Team Presentation 20% (20) [LO null]
  3. Final Exam 40% (40) [LO null]

In response to COVID-19, ANU has changed the mode of delivery for all classes in Semester 1 2020 to remote delivery.

Semester 1 Class Summary information (available under the Classes tab) on this publication is as up to date as possible. Changes to Class Summaries not captured by this publication will be available via Wattle and students should have been advised by the offering College. Find out more information on the University's response to COVID-19 here.

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Workload

2 hours of lectures + 1 hour of tutorial + 6 hours private study

Inherent Requirements

Not applicable

Requisite and Incompatibility

To enrol in this course you must have completed ECON1101. Incompatible with ECON6014.

Prescribed Texts

Prescribed texts, if relevant, will be posted on the course Wattle site.

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
Domestic fee paying students
Year Fee
2020 $4320
International fee paying students
Year Fee
2020 $5760
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
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
2547 24 Feb 2020 02 Mar 2020 08 May 2020 05 Jun 2020 In Person View
4943 24 Feb 2020 02 Mar 2020 08 May 2020 05 Jun 2020 Online View

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