Faculty of Business and Economics

Monash University

Undergraduate - 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
Organisational UnitDepartment of Management
OfferedPeninsula Second semester 2015 (Day)
Coordinator(s)Mr Gordon Thompson


Do businesses and managers have any responsibilities beyond profit maximisation? To what extent should organisational activities be left to the operation of the free market and to what extent should they be regulated through internal and external mechanisms? This unit examines the theoretical foundations of the different answers that have been given to these fundamental questions.


The learning goals associated with this unit are to:

  1. identify and discuss important ethical issues in various business practices and contexts
  2. explain the implications of adopting different approaches to ethics and corporate social responsibility
  3. critically assess the strengths and weaknesses of the different approaches to corporate social responsibility
  4. examine the different mechanisms for regulating business behaviour
  5. apply the different approaches in relation to ethics, social responsibility and governance to issues specific to the treatment of employee (HRM), marketing/sales, finance/accounting, new technologies as well as environmental, global and socio-economic issues.


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

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)


MGP1010 or MGF1010 or MGW1010 or MKB1010 or MGG1010


Students must be enrolled in course 3806, Bachelor of Business at Peninsula campus to undertake this unit.