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MAE314 - Economic Strategy for Business

Unit details

Year2017 unit information
Enrolment modes:Trimester 2: Burwood (Melbourne), Cloud (online)
Credit point(s):1
EFTSL value:0.125
Unit chair:

CJ Sun

Prerequisite:

MAE101 and MAE203

Corequisite:Nil
Incompatible with: Nil
Contact hours:

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

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 2500 words 25%

Test (mid-term) 25%

Examination 2 hours 50%

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

Unit Fee Information

Unit fee information available soon

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