Postgraduate - UnitMBA5903 - Business economics

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.

Level	Postgraduate
Faculty	Faculty of Business and Economics
Offered	Not offered in 2015
Coordinator(s)	Associate Professor Vivek Chaudhri

Synopsis

Economics for managers is designed to introduce students to the methodology of microeconomics and macroeconomics including the tools used by economists in problem solving. Topics to be considered include demand, supply and market analysis, cost concepts, price determination, pricing practices, inflation, unemployment and interest rate determination. The course aims to develop an understanding of the competitive environment facing firms through analysis of varying market structures (oligopoly, monopolistic competition etc).

Outcomes

The learning goals associated with this unit are to:

demonstrate a broad appreciation of economic concepts and theories, the methodology of microeconomics and basic macroeconomics and knowledge of the tools used by economists in problem solving
develop an understanding of the competitive environment facing firms by means of an analysis of the varying types of market competition (competitive markets, monopoly, monopolistic competition and oligopoly)
further enhance communication, inter-personal, problem solving and critical thinking capabilities
develop capabilities to be future generators of sustainable economic, social and environmental value for business.

Assessment

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.

Chief examiner(s)

Dr George Rivers

Co-requisites

Students must be enrolled in one of the following courses to undertake this unit: 3183, 3184, 3185, 3189, 3190, 3191, 3195, 3196, 3197, 3198, 3837, 3839, 3849, 0028, 4437 or 4405.

Prohibitions

MBA9003