ECO515 Managerial Economics (8)
AbstractThe subject develops students' understanding of managerial decision-making. It is concerned with the application of economic principles and methodologies to the decision making process of the business firm operating under conditions of risk and uncertainty. The subject covers: analytical techniques, demand analysis, production and cost analysis, market structure and pricing practices. Assumed knowledge for this subject is equivalent to that covered in ECO501. |
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+ Subject Availability Modes and Location
Session 3 | Online | Wagga Wagga Campus |
Continuing students should consult the SAL for current offering details: ECO515
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
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Subject informationDuration | Grading System | School: |
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One session | HD/FL | School of Accounting and Finance |
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Learning OutcomesUpon successful completion of this subject, students should:
- be able to identify managerial problem situations whose solutions necessitate the use of economic and quantitative tools; - be able to explain the economic theoretical underpinnings needed to analyse managerial decision problems; - be able to combine economic principles and associated quantitative tools to solve managerial decision making problems. |
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SyllabusThe subject will cover the following topics: Techniques of analysis: optimisation techniques, risk analysis and estimation techniques, linear programming
Demand theory: consumer theory, market demand and elasticity concepts
Demand estimation: marketing research and regression approaches
Demand forecasting: qualitative, time-series and smoothing techniques
Production theory and estimation
Cost theory and estimation
Market structure: perfect competition, monopoly, monopolistic competition and oligopoly
Pricing practices: including price discrimination and transfer pricing. |
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The information contained in the 2017 CSU Handbook was accurate at the date of publication: 25 August 2017. The University reserves the right to vary the information at any time without notice.