Unit details
MAE314 - Economic Strategy for Business
| Offered at: | (B) |
|---|---|
| Credit point(s): | 1 |
| Offerings: | Trimester 2 |
| EFTSL value: | 0.125 |
| Unit chair: | CJ Sun |
| Prerequisite: | MAE101 and MAE102 |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Contact hours: | 2 x 1 hour lecture, 1 x 1 hour seminar per week |
| Note: Online teaching methods require internet access. Please refer to the most current computer specifications. | |
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
| Student Contribution Rate* | Student Contribution Rate** | Student Contribution Rate*** | Fee rate - Domestic Students | Fee rate - International students |
| $1178 | $1178 | $1178 | $2386 | $2562 |
* Student contribution rate for Commonwealth Supported students who commenced studies from 2010
** Student contribution rate for Commonwealth Supported students who commenced studies from 2009
*** Student contribution rate for Commonwealth Supported students who commenced studies from 2008
Please note: Unit fees listed do not apply to Deakin Prime students.
