MAE214 - Economic Strategy for Business

Year: 2018 unit information
Enrolment modes: Trimester 2: Burwood (Melbourne), Waterfront (Geelong), Cloud (online)
Credit point(s): 1
Previously coded as: MAE314
EFTSL value: 0.125
Unit chair:

CJ Sun

Prerequisite:

MAE101

Corequisite: Nil
Incompatible with:

MAE314

Contact hours:

Campus: 1 x 2 hour class, 1 x 1 hour seminar per week

Cloud(online): Online independent and collaborative learning activities including 3 scheduled online seminars

Content

This unit focuses on economic strategy, with a particular emphasis on business. We begin by analysing the art and science of strategy. Simple game theory will be introduced, clearly distinguishing between conflict and co-operation. The unit will then examine the following key questions: How can an agent negotiate successfully? What is the role of information and how can it be exploited in order to gain bargaining power? How can a contract be written in order to create appropriate incentives? How can a manager be strategic?

Assessment

Written Assignment (Group of 3) 3000 words, 30%

Written Assignment (Individual) 1500 words, 20%

Examination (2 hours) 50%

Hurdle requirement: achieve at least 50% of the marks available on the examination

Unit Fee Information

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