Postgraduate - UnitMBA9003 - Business economics

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

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 student capabilities to be future generators of sustainable economic, social and environmental value for business.

Assessment

Within semester assessment: 50% Examination: 50%

Chief examiner(s)

Dr George Rivers

Contact hours

3 hours per week

Prerequisites

Students must be enrolled in the MBA program to undertake this unit

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 or 4405.