Overview
This unit will deepen your knowledge of the behaviour of the firm. You will apply economic tools to analyse production, cost and other managerial decisions in different market structures. The unit will help you understand different forms of market competition, and introduce you to game theory and risk analysis.
Offerings
S1-01-CAULFIELD-ON-EV
S2-01-CAULFIELD-FLX-EV
Requisites
Prohibition
Rules
Enrolment Rule
Contacts
Chief Examiner(s)
Dr Mita Bhattacharya
Learning outcomes
On successful completion of this unit, you should be able to:
1.
understand and recognise the various processes involved in investment decision making
2.
understand and explain the relevant factors behind risk analysis and risk management
3.
understand and analyse firm pricing strategies
4.
recognise and critically evaluate theories of the organisation known as the firm and the role of managers in such an organisation; and develop an understanding of strategic games in the context of business applications.
Teaching approach
Active learning
Problem-based learning
Research activities
Assessment
1 - Within semester assessment
2 - Examination
Scheduled and non-scheduled teaching activities
Workshops
Workload requirements
Workload
Other unit costs
Costs are indicative and subject to change.
Electronics, calculators and tools: $100