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2020 unit information
Classes and seminars in Trimester 2, 2020 will be online.
Last updated: 2 June 2020
Not offered in 2020
For students enrolled in M701, M501, M601 and M703 only
Nil
This unit is based on a study tour. Students will on average spend 150 hours over the trimester undertaking the teaching, learning and assessment activities for this unit. This will include face-to-face academic lectures delivered by partner institutions, face-to-face seminars and face-to-face industry guest lectures/site visits, supplemented by students’ daily engagement with readings and other Cloud-based learning materials.
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, production, and product development will be covered. The way people in economies interact with and influence how the economy works will also be addressed.
ULO1
Explain how the economy works in both the short-term and long-term
GLO1: Discipline-specific knowledge and capabilities
ULO2
Analyse how external influences (eg technology, politics, natural disasters) impact on the operation of markets and economies
GLO4: Critical Thinking
ULO3
Apply economic concepts to make firm-level decisions regarding pricing, product development, and production
GLO5: Problem Solving
ULO4
Evaluate the implications of strategic interactions between economic agents
GLO4: Critical thinking
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
Assessment 1 (Individual)-
Individual online multiple-choice quiz
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.
Texts and reading lists for units can be found on the University Library site via the following link.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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