Faculty of Business and Economics

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Monash University

Monash University Handbook 2011 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

FacultyFaculty of Business and Economics
OfferedCaulfield Second semester 2011 (Day)
Caulfield Summer semester A 2011 (Day)
Coordinator(s)Dr Paul Raschky


Students will deepen their knowledge of the differing views of the firm. Topics include: the firm within a capitalist economic system; the macroeconomic constraints on the firm; the market structural constraints on the firm; differing perspectives of the firm - the conventional economic, technological view, the accounting, management and marketing views, the recent transaction costs and new classical view; how these different areas explain current issues such as downsizing and electronic commerce.


The learning goals associated with this unit are to:

  1. understand and recognise the various processes involved in investment decision making;
  2. understand and explain the relevant factors behind risk analysis and risk management;
  3. understand and analyse firm pricing strategies;
  4. recognize and evaluate the various theories of the organisation known as the firm and the role of managers in such organisations; and develop an understanding of strategic games in the use of business applications.


Within semester assessment: 40%
Examination (2 hours): 60%

Chief examiner(s)

Paul Raschky

Contact hours

3 hours per week




PMM2020, ECW2731