MARKETING ECONOMICS

ECO3MKE

Not currently offered

Credit points: 15

Subject outline

In this subject, students learn tools from recent developments in economics for marketing. Topics covered include strategic pricing and product differentiation, economics of advertising, innovation, diffusion and product life-cycles, hedonics and marketing under imperfect information. Analytical and problem solving skills are developed.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: Heidi Ryoo

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 3 - UG

Available as Elective: No

Learning Activities: Lectures, tutorials, prescribed reading, class discussion

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: ECO1IMI OR BUS1BUE OR ECO1DSM OR ECO1PPA

Co-requisites: N/A

Incompatible subjects: N/A

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

Managerial economics

Resource Type: Book

Resource Requirement: Prescribed

Author: Fisher, T. Prentice, D. and Waschik, R.

Year: 2010

Edition/Volume: 2ND

Publisher: ROUTLEDGE

ISBN: 9780415495172

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving

Intended Learning Outcomes

01. Apply microeconomic models as an encompassing framework to marketing.
02. Understand the economic models of competition in markets with differentiated products.
03. Understand the implications of asymmetric information for marketing.
04. Be able to solve simple quantitative problems relating to all of the above.
Subject not currently offered - Subject options not available.