Managerial Economics

ECO60003 12.5 Credit Points Hawthorn

Duration

  • One Semester or equivalent

2021 teaching periods

Hawthorn

HT4  Term 4 HT4  Term 4

Dates:
20 Sep 21 - 31 Oct 21

Results:
7 Dec 21

Last self enrolment:
20 Sep 21

Census:
8 Oct 21

Last withdraw without fail:
15 Oct 21

Dates:
20 Sep 21 - 31 Oct 21

Results:
7 Dec 21

Last self enrolment:
20 Sep 21

Census:
8 Oct 21

Last withdraw without fail:
15 Oct 21


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