Faculty of Business and Economics

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Monash University Handbook 2011 Postgraduate - 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 Summer semester B 2011 (On-campus block of classes)
Coordinator(s)Dr George Rivers


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 in which day to day business operations are managed
  2. illustrate the role of markets, the organisation and the individual in such and 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 globalization and technological change in relation to the growth of economies and sustainability
  5. apply critical thinking to case-based analysis


Within semester assessment: 50% Examination: 50%

Chief examiner(s)

Dr George Rivers

Contact hours

Equivalent to 36 contact hours per semester