- Code ECON6014
- 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
ECON6014 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.
Upon successful completion, students will have the knowledge and skills to:
- Demonstrate a thorough understanding of the scope of managerial economics problems in the organisation
- Develop the internal and external managerial economics decisions apparatus to make efficient decisions
- Design well developed 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 managerial economics problems with a systematic theoretical framework.
- 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]
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130 hours in total over the semester consisting of lectures, tutorials and private study time.
Requisite and Incompatibility
See Class Summary
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
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- Unit value:
- 6 units
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