• 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 2023
    See Future Offerings

This course involves on campus teaching. For students unable to come to campus there will be a remote option. See the Class Summary for more details.

ECON2014 Managerial Economics is a practical and applied course in the field of managerial economics. This course will teach you to analyse key economic problems from a managerial perspective and will focus on three main areas. The course starts with key economic concepts in Managerial Economics (fundamental microeconomics topics such as demand, supply, production, cost, market structure and pricing from a managerial perspective), the course will move and develop deeper understanding of the key framework of Organisational Architecture (Decision Rights assignment, Reward System and Performance Evaluation mechanisms) and the course concludes with key contemporary applications of Organisational Architecture in dominating areas of executive concerns: Corporate Governance, Vertical Integration, Outsourcing, and we discuss the future of the Gig Economy.


During the course we will touch the role of risk management systems, disaster-management systems, and effective decision making under uncertainty.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

  1. Demonstrate and understanding of the scope of managerial economics problems in the organisation
  2. Develop the internal and external managerial economics decisions apparatus to make efficient decisions
  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 managerial economics problems with a systematic theoretical framework.

Indicative Assessment

  1. Assessment may consist of a Final Exam, mid-semester exam(s), quizzes, assignments, participation marks, video responses or some combination thereof. See the Class Summary for details. (100) [LO 1,2,3,4,5]

The 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

130 hours in total over the semester consisting of lectures, tutorials and private study time.

Inherent Requirements

Not applicable

Requisite and Incompatibility

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

Prescribed Texts

See Class Summary for details.

Fees

Tuition fees are for the academic year indicated at the top of the page.  

Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees

Student Contribution Band:
34
Unit value:
6 units

If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found 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
2023 $4560
International fee paying students
Year Fee
2023 $5820
Note: Please note that fee information is for current year only.

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.

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
2358 20 Feb 2023 27 Feb 2023 31 Mar 2023 26 May 2023 In Person N/A

Responsible Officer: Registrar, Student Administration / Page Contact: Website Administrator / Frequently Asked Questions