MAE214 - Economic Strategy for Business

Unit details

Note: You are seeing the 2019 view of this unit information. These details may no longer be current. [Go to the current version]
Year:2019 unit information
Enrolment modes:Trimester 2: Burwood (Melbourne), Waterfront (Geelong), Online
Credit point(s):1
EFTSL value:0.125
Previously coded as:MAE314
Trimester 2 Unit Chair:

Ching-Jen Sun

Prerequisite:

MAE101

Corequisite:Nil
Incompatible with: MAE314
Scheduled learning activities - campus:

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

Scheduled learning activities - 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

Assessment 1: Written Assignment (Group of 3) 3,000 words, 30%

Assessment 2: Written Assignment (Individual) 1,500 words, 20%

Examination: (2-hours) 50%

Hurdle requirement

Hurdle requirement: achieve at least 50% of the marks available on the examination

Unit Fee Information

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