MAE103 - Managerial Economics
|Year||2016 unit information|
|Enrolment modes:||Trimester 2: Burwood (Melbourne), Waterfront (Geelong), Cloud (online)|
|Previously coded as:||Nil|
|Unit chair:||P Bhattacharya|
Campus: 1 x 2 hour class, 1 x 1 hour seminar per week
Cloud (online): Learning experiences are via CloudDeakin
Managerial economics examines how changes in the macroeconomic environment influence management decisions. The unit focuses on economic concepts, tools of analysis and their relevance in management decision making. Starting with an overview of changes in macro- economic indicators such as national income, population, interest rates, exchange rates and business cycles. The unit proceeds to examine how managers respond to these through changes in price, investment plans, production, sales, inventory and overall resource utilisation. A particular focus of the unit is to collect, analyse and interpret economic data to assist business decision making.
Assessment 1 (Individual) - Online tests - 20%
Assessment 2 (Individual) - Written assignment- Economic Report (1500 words) - 30%
Examination 2 hours - 50%
Hurdle requirement: achieve at least 50% of the marks available on the examination.