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Bus Strategy & Economic Mgmt - ECONID3538

Plan Summary

 
Faculty: COMM - Australian School of Business
 
  
   
 
Program: 3538 - Commerce (International)
 
 
Award(s):
 
 
Bachelor of Commerce (International Studies) (Double 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

  • For a double major, 42 UOC (7 courses) must be completed.
  • A minor consists of 24 UOC (4 courses) containing ECON1102 Macroeconomics 1. In addition, students must complete four (4) courses from the Required course list above. The courses ECON1202 and ECON2101 must be taken. The minor does not form part of the nominated major.

BCom Flexible Core Option – required

Compulsory courses
Please note: the following courses are adequate substitutes for ECON1202: MATH1031 or MATH1131 or MATH1141 or MATH1151 . Actuarial Studies students also taking a double major in Business Strategy & Economic Mgmt are required to complete MATH1151 and hence are not required to do ECON1202.

Elective courses

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 these requirements may be subject to change.
Students are advised to follow requirements according to the year they commenced. Please refer to previous editions of the Online Handbook for your program requirements.

Contact the Australian School of Business Student Centre for advice.
tel: + 61 2 9385 3189
location: Ground Floor, West Wing, Australian School of Business Building
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Frequently asked questions

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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.