MAE214 - Economic Strategy for Business
Unit details
| Year | 2017 unit information |
|---|---|
| Enrolment modes: | Trimester 2: Burwood (Melbourne), Waterfront (Geelong), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Previously coded as: | MAE314 |
| Unit chair: | CJ Sun |
| Prerequisite: | MAE101 and MAE203 |
| Corequisite: | Nil |
| Incompatible with: | MAE314 |
| Contact hours: | Campus: 1 x 2 hour class, 1 x 1 hour seminar per week Cloud(online): Online independent and collaborative learning activities including 3 scheduled online seminars |
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 (Group of 3) 3000 words, 30%
Written Assignment (Individual) 1500 words, 20%
Examination (2 hours) 50%
Hurdle requirement: achieve at least 50% of the marks available on the examination
Unit Fee Information
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