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Managerial Economics - ECON5110
 Students on quad lawn

   
   
   
 
Campus: Kensington Campus
 
 
Career: Postgraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 3
 
 
Enrolment Requirements:
 
 
Prerequisite or Corequisite: COMM5002 or enrolment in programs 8415 or 8007.
 
 
Fee Band: 3 (more info)
 
 
Further Information: See Class Timetable
 
  

Description

This course emphasises logic and conceptual modelling - reinforced by real life examples - to highlight the pivotal link between economics and key business concerns such as costs, prices, markets, organisational architecture and government. Using the tools of economics, students learn to weigh the strategic costs and benefits of each business choice. Building on demand and costs concepts, students will learn how the details of stratedic interation and market structure ( eg oligopoly, monopolistic competition) determine potential industry earnings and a firm's individual profitability. Students will then identify how firms can maintain their profitability through innovation, firm design, maintaining barriers to entry and product differentation, as well as understanding how firms can benefit from globalisation ( eg trade, exchange rates) and government tax and regulatory policies.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.