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decision making, pricing decisions in theory and practice and
the goals of the firm and their influence on
decision-making.
Textbook
Douglas, E.J. Managerial Economics: Analysis and Strategy: 4th ed,
Englewood Cliffs, New Jersey: Prentice-Hall, 1992
References
Pappas, J.L. and Hirschey, M. Managerial Economics. 6th ed, Chicago:
Dryden Press. 1990
8~222 Industry and Government
No. of hours per week: three hours
Prerequisites: BE1 10 Microeconomics
Instruction: lectureltutorial
Assessment: examination/assignment
Subject aims and description
This unit builds on the material covered in Economics 1A.
Students who are contemplating major studies in economics
should include this unit and BE201 Managerial Economic
Analgis in their courses.
The unit deals with the performance of industry in
contemporary economies with special reference to Australia
and considers the role of government in these economies.
Performance criteria, the nature of the modern corporation
(including transnational corporations) and specific
approaches to industrial policy and regulation are discussed.
Textbooks
To be advised
References
Caves, R., Ward, I., Williams, P. and Wright, C. Australian Industry:
Structure, Conduct and Performance. 2nd ed. Sydney: PrenticeHall,
1987
Terry, C., Jones, R. and Braddock, R. (4s.) Australian Microeconomic
Pblicies. 3rd ed, Sydney: PrenticeHall, 1988
BE223 Industrial Relations
No. of hours per week: three hours
Prerequisites: BE1 10 Microeconomics
Instruction: lectureltutorial
Assessment: examination/assignments
Subject aims and description
This unit aims to equip students with an understanding of
the Australian industrial relations systems, with particular
emphasis on the Federal and Victorian jurisdictions.
As well as providing a theoretical framework within which
the industrial relations systems operate, the unit will address
a range of contemporary issues including current federal and
state legislative prwisions, labour market reforms, trade
union issues and the role of management in industrial
relations.
Topics to be studied within the unit include:
industrial conflict;
the role of the parties - unions, employers, government;
federal and state arbitral systems;
wage determination;
management and industrial relations.
Specific references will be provided at the beginning of the
unit, howwer, the following references will provide useful
preliminary reading:
References
Deery, S. and Plourman, D. Australian lndustrial Relations. 3rd ed,
Sydney: McGraw-Hill, 1991
Hill, 1.. Howard, W.A. and Lansbury, R. lndustrial Relations: An
Australian Introduction. Melbourne: Longman Cheshire, 1982
BE224 Economic Evaluation
No. of hours per week: three hours
Prerequisite: BE1 10 Microeconomics
Instruction: one class
Assessment: examinationlassignment
Subject aims and description
This unit provides students with a sound grasp of basic
concepts and techniques of economic evaluation for
application in areas such as: a review of the effectiveness of
budgetary programs, evaluation of major construction
projects and capital equipment acquisition, and costeffectiveness
studies. Emphasis in the unit is on the
development of interpretive skills, through awareness and
knowledge of important factors entering into the evaluation
process and an appreciation of the elements of uncertain
and imprecise information.
Textbook
Sugden, R. and Williams, A. The Principles of Practical Con-Benefit
Analyris. Oxford: Oxford University Press, 1978
Department of Finance. Evaluating Government Programs: Financial
management Impmvement Program. Canberra: Australian
Government Publishing Service. 1987
BE225 Economic Techniques for Business
This subject is no longer running, take equivalent subject
84221 Marketing Data Management.
BE226 Macroeconomic Policy
No. of hours per week: three hours
Prerequisite: BE220 Macroeconomics
Instruction: one class
Assessment: examination/assignment
Subject aims and description
This is a second year unit which builds on the material
covered in BE220 first year Macro unit. The focus of the unit
is macroeconomic policy in an applied sense.
The main objectives of the unit are to:
broaden students' understanding and appreciation of
macroeconomic principles, current issues and policy.
* provide students with the necessary skills to evaluate
macroeconomic policies.
Specific topics include the measurement of macroeconomic
performance, limitations of major aggregate indicators,
sources of fluctuations in economic activity, major
macroeconomic problems, macro economic management
within an open economy.
The course will describe the deficiencies in earlier
macroeconomic theories which led to disaffection. But the
theories now in vogue and importantly the policies based
upon them, have their own limitations which will be
explained.
References
Argy, V. Australian Macmeconomic hlicy in a Changing Wrld
Envimnment. North Sydney: Allen and Unwin, 1992
Indeu, 'State of Play 7: The Australian Economic Fblicy Debate.
Sydney: Allen and Unwin, 1992
McTaggart. D et al. Macroeconomics. Wokingham, U.K.: Addison and
Wesley, 1992