Economic Analysis of Business Decisions
Course Level Undergraduate
Area/Catalogue
ECON 2010
Course Level
Undergraduate
Offered Externally
Yes
Note: This offering may or may not be scheduled in every study period. Please refer to the timetable for further details.
Course ID
100325
Unit Value
4.5
University-wide elective course
No
Course owner
School of Commerce
Course aim
To enable students to apply economic analysis to the behaviour of individuals, businesses and governments and to consider the effect of this behaviour on market outcomes.
Course content
A review of the basic framework of business economics – objectives and constraints, incentives, opportunity costs, the time-value of money and marginal analysis. Oligopoly: non-collusive models and collusive models. Concentration: Measurements and Determinants. Barriers to entry. Market Structure, firm strategy and performance, Pricing strategy. Auction, Advertising, Research and Development. Competition Policy and Regulation.
Textbook(s)
Baye, MR & Prince, J 2017, Managerial Economics and Business Strategy, 9th edn, McGraw Hill, Sydney
Prerequisite(s)
| Common to all relevant programs | |
|---|---|
| Subject Area & Catalogue Number | Course Name |
| ECON 1008 | Principles of Economics |
Corequisite(s)
Nil
Teaching method
| Component | Duration | ||
|---|---|---|---|
| INTERNAL, CITY WEST | |||
| Preparatory | 1 x 1 week | ||
| Lecture | 2 hours x 10 weeks | ||
| Tutorial | 1 hour x 10 weeks | ||
| EXTERNAL, CITY WEST, ONLINE | |||
| External | 30 hours x NA | ||
| INTERNAL, OFFSHORE, TAYLOR'S BUSINESS SCHOOL | |||
| Workshop | 35 hours x NA | ||
Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.
Assessment
Assignment, Continuous assessment, Examination
Fees
EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.
Non-award enrolment
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* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.
Course Coordinators
Degrees this course is offered in
