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MPE781 - Economics for Managers

Year:

2020 unit information

Important Update:

Classes and seminars in Trimester 3, 2020 will be online.

Last updated: 5 October 2020

Enrolment modes:Trimester 1: Burwood (Melbourne), Cloud (online)
Trimester 2: Burwood (Melbourne), Cloud (online)
Trimester 3: Burwood (Melbourne), Cloud (online)
Credit point(s):1
Previously coded as:MEE781
EFTSL value:0.125
Unit Chair:Trimester 1: Shuddha Rafiq
Trimester 3: Xuan Nguyen
Trimester 2: Chi-Chur Chao
Prerequisite:Nil
Corequisite:Nil
Incompatible with: MBA712, MPT781
Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - campus:

1 x 3 hour seminar per week

Scheduled learning activities - cloud:

Online independent and collaborative learning including 3 scheduled online workshops

Content

The unit covers the policy and strategic aspects of business management and also provides a practical and pragmatic approach to policy issues. Topics include the dynamics of market behaviour, including a discussion of different market structures and the impact of macroeconomic policies in a changing world economic environment on the economy in general and the student's business in particular.

 

These are the Learning Outcomes (ULO) for this Unit
At the completion of this Unit, successful students can:

Deakin Graduate Learning Outcomes

ULO1

Interpret and apply basic principles and their effect on individual economic decisions (microeconomics), the economy as a whole (macroeconomics) and how economic indicators (data) are used to validate these economic behaviours.

GLO1:  Discipline-specific knowledge and capabilities GLO4: Critical thinking
GLO8: Global citizenship

ULO2

Apply economic principles to the analysis of important decisions confronting the management of business organisations.

GLO4: Critical thinking

ULO3

Critically evaluate existing economic theories in the context of real and contemporary national and international circumstances.

GLO4: Critical thinking
GLO8: Global citizenship

ULO4

Apply statistical concepts to real world data and use this to make informed decisions.

GLO5: Problem solving
GLO8: Global citizenship

 

These Unit Learning Outcomes are applicable for all teaching periods throughout the year

Assessment

:
Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week 
Assignment - 40% Week 8
Examination 2 hours 60% Exam period

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.

Hurdle requirement

Hurdle requirement: achieve at least 50% of the marks available on the examination.

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MPE781 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.

Unit Fee Information

Click on the fee link below which describes you: