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MAE314 - Economic Strategy for Business

Enrolment modes:Trimester 2: Burwood (Melbourne)
Credit point(s):1
EFTSL value: 0.125
Unit chair:

CJ Sun

Prerequisite:MAE101 and MAE102
Corequisite:Nil
Incompatible with: Nil
Contact hours:

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

Note: You will need to access substantial learning resources and experiences in CloudDeakin (Deakin’s online learning environment). Compliance with the Standards in computing, connectivity and student capability are a condition on your enrolment.

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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