Managerial Economics

Course aim

This course provides students with theoretical and practical knowledge of economic concepts important to managerial decision making and explores their impact on organisational management and leadership, business strategy, and business conduct.

Course content

Topics covered in this course include introduction to economics, and supply and demand; determination of market equilibrium and elasticity of demand; competitive markets and economic efficiency; cost of production; the role of government; market structure, power and pricing; strategic thinking; regulation; introduction to macroeconomics; fiscal and monetary policies.

Textbook(s)

Gans, J, King, S, Stonecash, R, Byford M, Libich, J & Mankiw, NG 2017, Principles of economics, 7th edn, Cengage Learning Australia Ltd., South Melbourne, Vic

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
BUSS 5244	Contemporary Management Skills

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Preparatory	1 x 1 week
Seminar	3 hours x 10 weeks
EXTERNAL, CITY WEST, ONLINE
External	30 hours equiv. x N/A

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Assignment, Examination

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
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
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* 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.