units

MBA5903

Faculty of Business and Economics

18 September 2017 25 April 2024

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate - Unit

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

Faculty

Business and Economics

Organisational Unit

MBA Program

Coordinator(s)

Associate Professor Vivek Chaudhri

Offered

Caulfield

  • MBA Teaching Period 2 2016 (On-campus block of classes)

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:

  1. 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
  2. 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)
  3. further enhance communication, inter-personal, problem solving and critical thinking capabilities
  4. 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.

See also Unit timetable information

Chief examiner(s)

Associate Professor He-Ling Shi

Co-requisites

Students must be enrolled in one of the following courses to undertake this unit: 0028 or 4437.

Prohibitions

MBA9003