Managerial Economics

ECO60003 12.5 Credit Points Hawthorn


  • One Semester or equivalent

Contact hours

  • 36 hours face to face + blended

On-campus unit delivery combines face-to-face and digital learning.

Aims and objectives

This unit provides the core concepts of price theory and microeconomics for professional managers. As understanding economic principles is an essential skill for competitive advantage, this unit provides students with the knowledge of rational micro- and macro- frameworks that are necessary for understanding how the economy works and the rationale for government intervention.

Unit Learning Outcomes (ULO)
Students who successfully complete this unit will be able to:
1. Apply coherent and advanced knowledge of economic concepts to a business setting
2. Critically analyse economic policy to solve contemporary business problems
3. Apply economic principles to analyse and interpret a range of economic and policy outcomes to find solutions for real world business problems
4. Apply micro- and macro- economic frameworks and to facilitate decision making and resource allocation