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Bus Strategy & Economic Mgmt - ECONI13529

Plan Summary

 
Faculty: COMM - Australian School of Business
 
  
   
 
Program: 3529 - Commerce/Science
 
 
Award(s):
 
 
Bachelor of Commerce (Major)
 
  

Plan Outline

A successful manager seeks to anticipate the strategic behaviour of competitors. A manager must also be able to deal with people’s different motives and with major uncertainties in the decision-making process. Dealing with these issues is the essence of business strategy and economic management. Study in this area provides students with the tools to understand the fundamental economic behaviour that underlies all business decisions. Hence, it allows future managers to make informed decisions throughout their careers.

Strategic decision-making is not only useful for relations with competitors, but for relations with suppliers, customers, business partners, and for the range of relations inside the firm. Employees, managers, shareholders and the board of directors all have different goals, and they behave strategically, not unlike competitors. They also have “incomplete information” about each other: Because employees and managers have complex skills and assignments, others cannot perfectly assess them through performance evaluations. And each employee understands certain aspects of the business and its customers better than others. Economics allows managers and owners to structure divisions, teams and salary packages for employees to gain the highest profits. The flexibility of strategic thinking tools from economics allows a manager to deal with any new situations that arise - be it new research projects, start-up businesses, or business alliances.

Plan Structure

Students must complete:
  • 42 units of credit from the Business Strategy and Economic Management list to fulfil requirements for a double Major
  • 48 units of credit from the Business Strategy and Economic Management list to fulfil requirements for a single major.
  • ECON2101, ECON2105, ECON2112 and ECON3121 to fulfil requirements for a minor

Required Courses

Options

Honours

Honours level study is also available in Business Strategy and Economic Management.

Students interested in Honours should refer to the Honours plan record for entry requirements.

Further information

Please note that requirements for this major may be subject to change.

Students are advised to follow the major requirement according the year they commenced. Current students are to refer to previous editions of the Online Handbook for major requirements.

If students are unsure of major requirements please contact the Business Student Centre for advice

Business Student Centre
e-mail:ugbusiness@unsw.edu.au
tel: + 61 2 9385 3189
location: Ground Floor, West Wing, Australian School of Business Building

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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.