Faculty of Business and Economics

Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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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 Term 1 2015 (On-campus block of classes)
Coordinator(s)Dr Paul Kalfadellis


This case-based unit is designed to provide an overview of the strategic economic and legal environment of business at the global, market, and organisational levels and the role of individuals in such an environment. The focus of this unit will be to investigate important socio-political/legal dimensions and the contemporary context of senior managerial decision making. To this end, students will examine the myriad issues challenging the pursuit of sustainable business practice as a precursor to the more detailed consideration of functional methods that help inform these decisions that will follow in the subsequent module.


The learning goals associated with this unit are to:

  1. introduce students to a preliminary overview of the economic, legal, political and social environment in which day to day business operations are managed
  2. illustrate the role of markets, the organisation and the individual in such an environment in determining business outcomes
  3. explain the development of business regulation in terms of contracts, employment, market power and environmental management
  4. facilitate an understanding of the role of globalisation and technological change in relation to the growth of economies and sustainability
  5. apply critical thinking to case-based analysis
  6. develop capabilities to be future generators of sustainable economic, social and environmental value for business.


Within semester assessment: 50%
Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)


Students must be enrolled in 0028 Master of Business Administration to undertake this unit.