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Research School of Economics · ANU College of Business and Economics
ECON2014 Managerial Economics is a practical and applied course in the field of managerial economics. This course will teach you to analyse key economic problems from a managerial perspective and will focus on three main areas. The course starts with key economic concepts in Managerial Economics (fundamental microeconomics topics such as demand, supply, production, cost, market structure and pricing from a managerial perspective), the course will move and develop deeper understanding of the key framework of Organisational Architecture (Decision Rights assignment, Reward System and Performance Evaluation mechanisms) and the course concludes with key contemporary applications of Organisational Architecture in dominating areas of executive concerns: Corporate Governance, Vertical Integration, Outsourcing, and we discuss the future of the Gig Economy. During the course we will touch the role of risk management systems, disaster-management systems, and effective decision making under uncertainty.
Assessment may consist of a Final Exam, mid-semester exam(s), quizzes, individual and team assignments, participation marks, video responses or some combination thereof. See the Class Summary for details.
Learning outcomes 1, 2, 3, 4, 5
Groupwork assessment will be compulsory. The weighting percentage will be published in the class summary.
Learning outcomes 1, 2, 3, 4, 5
130 hours in total over the semester consisting of lectures, tutorials and private study time. (130 hours in total)
See Class Summary for details.