top of page
Image by Thomas Bormans



    Intended for students enrolling in Economics of Strategy, this syllabus contains information specific to the course. It is a definitive record of the course's primary characteristics and the learning outcomes that a typical student can reasonably be expected to achieve if he/she takes full advantage of the available learning opportunities. This document also serves as a reference for academic and support staff, internal and external examiners, and for future course monitoring and review.


    Course Title

    Economics of Strategy

    Subject Area:


    Course Code

    ECON 61041

    Course Level





    ECON 51011 or equivalent

    MGMT 51051 or equivalent

    Methods of Delivery


    Expected Length

    5.0 Weeks

    Class Meetings

    To be determined


    To be determined


    Computer Software: Any computer software that aids learning.


    Text 1: ES

    Title: Economics of Strategy

    Author(s): David Dranove, David Besanko, Mark Shanley, and Scott Schaefer

    Edition: 2nd

    ISBN: 9781119174790


    This course explores and evaluates competitive growth strategies in emerging markets. The course includes strategic management, the economics of technological progress and investments in research and development, and dynamic game theory to address business challenges. The course will delve into numerous topics, such as the importance of economies of scale and scope, network externalities driven by demand, the intricacies of pricing competition, the evolution of industries and approaches to research and development, entry and exit strategies, market shakeouts, and the maintenance of competitive superiority.


    Upon completion of the course, students are expected to be able to:

    • Explain the structure of the industry in which a firm competes and the nature of the competitive interactions among firms in those markets.

    • Articulate the differences in the firms’ positions to compete and the basis of their competitive advantage.

    • Translate advanced economic concepts to practical problems facing business managers.

    • Adjust the firm's business strategies to the demands of the ever-changing environment.

  • WEEK 1

    Module 1

    Review of Economic Principle

    Reference(s): ES Ch1

    Module 2

    Boundaries of the Firm

    Reference(s): ES Ch2-3

    WEEK 2

    Module 3


    Reference(s): ES Ch4

    Module 4


    Reference(s): ES Ch5

    WEEK 3

    Module 5

    Entry and Exit

    Reference(s): ES Ch6

    Module 6

    Competing Across Time

    Reference(s): ES Ch7

    WEEK 4

    Module 7

    Industry Analysis

    Reference(s): ES Ch8

    Module 8

    Strategic Positioning for Competitive Advantage

    Reference(s): ES Ch9

    WEEK 5

    Module 9

    Information and Value Creation

    Reference(s): ES Ch10

    Module 10

    Sustaining Competitive Advantage

    Reference(s): ES Ch11

    WEEK 6

    Module 11

    Performance and Incentives

    Reference(s): ES Ch12

    Module 12

    Strategy and Organization

    Reference(s): ES Ch13

    WEEK 7

    Module 13


    Reference(s): N/A

    Module 14


    Reference(s): N/A


    WEIGHT: 10.0%
    DEADLINE: 23:59 (GMT+0) on Sunday of Week 7

    All students are expected to participate in all types of classroom activities. Regular attendance is required in order to maximize the number of opportunities to engage in classroom activities. Marks are based on the quality of the contributions made rather than the quantity of posts submitted, comments made in class, etc.   


    Students are encouraged to exchange contact information and support one another should any classes be missed. They are advised to contact the course instructor about any concerns they may have.


    WEIGHT: 10.0%
    DEADLINE: 23:59 (GMT+0) on Sunday of Week 1-5

    General Information

    Each week from Week 1 to Week 5, students must complete one graded quiz with ten (10) multiple-choice questions. These assessments aim to determine the level of comprehension and mastery of the material covered each week from Week 1 to Week 5. The deadline to submit this assessment is always on Sunday at 23:59 (GMT+0) each week from Week 1 to Week 5. Quiz assignments are graded by computer, and the grade is stored in the online grade book. Only one 20-minute attempt per quiz is allowed.


    • Weight: 2.0%

    • Deadline: 23:59 (GMT+0) on Sunday of Week 1


    • Weight: 2.0%

    • Deadline: 23:59 (GMT+0) on Sunday of Week 2


    • Weight: 2.0%

    • Deadline: 23:59 (GMT+0) on Sunday of Week 3


    • Weight: 2.0%

    • Deadline: 23:59 (GMT+0) on Sunday of Week 4


    • Weight: 2.0%

    • Deadline: 23:59 (GMT+0) on Sunday of Week 5


    WEIGHT: 20.0%
    DEADLINE: 23:59 (GMT+0) on Sunday of Week 7

    General Information

    In Week 7, students must complete one graded quiz consisting of thirty (30) multiple-choice questions. This assessment aims to determine the level of comprehension and mastery of the material covered over seven weeks. The deadline to submit this assessment is always on Sunday at 23:59 (GMT+0) of Week 7. Quiz assignments are graded by computer, and the grade is stored in the online grade book. Only one 60-minute attempt per quiz is allowed.


    WEIGHT: 60.0%
    DEADLINE: Sunday at 23:59 (GMT+0) of Week 7

    General Information

    This must be twelve pages (approximately three thousand words) not including references, title page, and appendix. The purpose of this assessment is to determine the level of comprehension and mastery of the material covered over five weeks, focusing on the practical aspects of the course. The deadline to submit this assessment is always on Sunday at 23:59 (GMT+0) of Week 7. The grade is stored in the online grade book. As only one attempt per piece of coursework is allowed, it is highly recommended that students review all course materials and complete some test preparation tasks before attempting the graded assessment.


    All students are required to participate in all classroom activities, attend classes regularly, and prepare before classes for classroom activities that require advance preparation. Students need to fully appreciate that good attendance results in more opportunities to engage in quality participation, which, in turn, results in a more thorough acquisition of subject knowledge and higher participation grades.

    Participation in classroom discussions and other types of activities indicates that students have read the assigned readings. Grades will not be based on the number of posts submitted or comments made in the classroom but on the overall quality of contributions to discussions.

    If a student is unable to attend 3 or more classes, he/she may be asked to complete additional assignments to complete the course.

    Modes of Attendance
    • For the portions of the course that take place over Microsoft Teams: Students are required to arrive on time and engage appropriately with their fellow students, their teacher(s) and course materials. They must attend with a functional web camera and microphone, have the latest version of Microsoft Teams installed on their computers, avoid attending via a mobile phone or web browser, and have all necessary materials to hand. Also, their cameras must be always switched on, except for occasions when privacy becomes a necessity. In addition, they must be appropriately attired, attend in an environment that will not distract them, their fellow students or their teacher(s), especially avoiding attending while in a vehicle, whether moving or stationary. 

    • For the on-campus portions of the course: The mandatory on-campus session meets as per the AUS Campus Schedule. Good attendance is required to earn credits and pass the course. Students are not permitted to arrive late for class or leave class early. Students traveling from far away locations must plan accordingly, giving themselves plenty of time to arrive by the start of class.  

    Classroom Expectations

    Classes start and end on time, with late entry or reentry allowed only under exceptional circumstances. All phones and electronic devices must be turned off for the duration of a class.


    Students are expected to read assigned materials prior to class. Class discussions are based on their reading of these materials and their reflections on what they have learned and how these relate to their experiences. Assignments are intended to encourage students’ reflection on and synthesis of assigned topics and course discussions.

    Assessments are listed in the course syllabus and are due by the stipulated deadlines. No assessment will be accepted after the day following the day it is due. If an assessment submission is one day late, it will receive an automatic reduction in grade of one letter (for example from an A to a B). After that, no late work will be accepted, and the student will receive an F grade for the assessment.

    Late submission of papers must be approved in advance.


    Students are responsible for understanding the University Policies and how to use resources appropriately. Violations of academic integrity are taken very seriously. Students should revisit the materials on the Orientation session to review important information pertaining to academic citation and referencing rules.


    The university is committed to student welfare and accommodates students with disabilities and those who fall ill. Disability Services (DS) is responsible for accommodating students with disabilities. A student who wishes to be granted a special arrangement due to a disability or illness must request it through DS. Instructors cannot grant such requests without prior DS approval. DS should be contacted as soon as possible to avoid delays in the provision of such an arrangement.

    Because the university takes student privacy very seriously, any medical documentation to support a request for an arrangement to accommodate any special needs connected with a disability or illness should be provided directly to DS. If a student misses any classes due to a short-term illness, he/she should notify his/her instructor, but avoid the inclusion of a doctor's note. Academic staff will not request, accept, or review doctor's notes or other forms of medical documentation. For more information, email


    Ethical considerations restrict how course materials and lectures may be used. Students may not post, publish, sell, or otherwise publicly distribute course materials without the written permission of the course instructor. Such materials include, but are not limited to, lecture notes, lecture slides, video and audio recordings, various types of assignments, examinations, other students’ work, and answer keys. In addition, students are not permitted to use materials prepared by faculty or students for courses that have previously taken place. These materials include, but are not limited to, case write-ups, Research Papers, summaries of readings, answers to Problem Sets, and answers to Academic Discussion topics. Furthermore, making video or audio recordings of class sessions for one’s own use without written permission from the instructor is not permitted. Infringements of the above-listed rules are taken seriously and may lead to disciplinary action, including a requirement to withdraw.


    Additional information can be found on the course website.

    Please note: the syllabus may be modified prior to and during a course, including updates to assignments and additional material.