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Not offered in 2022
For students enrolled in M501, M543, M601, M701 and M703
Nil
Students will on average spend 150 hours over the trimester undertaking the teaching, learning and assessment activities for this unit.
There will be 20 hours of classes and 10 hours of seminars. In addition, the experiential learning component will include visits to international businesses, related to themes of the course. These visits will involve approximately 18 hours.
This unit introduces the principal concepts and frameworks to understand the operation of economies and markets in order to place firm strategy in to a broader economic context. Tools and concepts to make firm-level decisions regarding pricing under different market structure, short run and long run production will be covered. The way people in economies interact with and influence how the economy works will also be addressed.
Analyse how external influences (eg technology, politics, natural disasters) impact on the operation of markets and economies
GLO1: Discipline-specific knowledge and capabilitiesGLO4: Critical thinking
Apply economic concepts to make firm-level decisions regarding pricing, product development and production
GLO1: Discipline-specific knowledge and capabilitiesGLO5: Problem solving
These Unit Learning Outcomes are applicable for all teaching periods throughout the year.
The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.
The texts and reading list for the unit can be found on the University Library via the link below: MBT703.
Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.
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