units

MBA9003

Faculty of Business and Economics

Skip to content | Change text size
 

print version

Monash University Handbook 2010 Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

LevelPostgraduate
FacultyFaculty of Business and Economics
OfferedCaulfield First semester 2010 (Evening)
Caulfield Second semester 2010 (Evening)
Australia (Other) Summer semester B 2010 (On-campus block of classes)
Coordinator(s)Dr George Rivers

Synopsis

Economics for managers is designed to introduce students to the methodology of microeconomics and the tools used by economists in problem solving. Topics to be considered include demand, supply and market analysis, cost concepts, price determination and pricing practices. The course aims to develop an understanding of the competitive environment facing firms through analysis of varying market structures (oligopoly, monopolistic competition etc). The knowledge gained will be applied to a range of microeconomic policy issues, including competition policy, regulation, microeconomic reform and privatisation.

Objectives

The learning goals associated with this unit are to:

  • demonstrate a broad appreciation of economic concepts and theories, the methodology of microeconomics and basic macroeconomics and a knowledge of the tools used by economists in problem solving
  • develop an understanding of the competitive environment facing firms by means of an analysis of the varying types of market competition (competitive markets, monopoly, monopolistic competition and oligopoly)
  • further enhance communication, inter-personal, problem solving and critical thinking capabilities.

Assessment

Within semester assessment: 50%
Examination (2 hours): 50%

Chief examiner(s)

George Rivers

Contact hours

One 3-hour lecture per week

Prerequisites

Students must be enrolled in the MBA program to undertake this unit

Co-requisites

Students must be enrolled in one of the following courses to undertake this unit: 3183, 3184, 3185, 3189, 3190, 3191, 3195, 3196, 3197, 3198, 3837, 3839, 3849, 0028 or 4405.