Managerial Economics

ECO60003 12.5 Credit Points Hawthorn

Duration

  • One Semester or equivalent

2020 teaching periods

Hawthorn

HB2  HE Block 2 HT4  Term 4

Dates:
23 Mar 20 - 3 May 20

Results:
2 Jun 20

Last self enrolment:
23 Mar 20

Census:
3 Apr 20

Last withdraw without fail:
17 Apr 20

Dates:
21 Sep 20 - 1 Nov 20

Results:
8 Dec 20

Last self enrolment:
21 Sep 20

Census:
9 Oct 20

Last withdraw without fail:
16 Oct 20


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.

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

Courses with unit

This unit is part of the Corporate Governance degrees in Swinburne’s Australian Graduate School of Entrepreneurship.