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MBA703 - The Economic Environment

Year:

2021 unit information

Important Update:

Unit delivery will continue to be provided in line with the most current COVIDSafe health guidelines. This may include a mix of on-campus and online activities. To find out how you are impacted, please check your unit sites for announcements and updates. Unit sites open one week prior to the start of each Trimester/Semester.

Thank you for your flexibility and commitment to studying with Deakin in 2021.

Last updated: 4 June 2021

Enrolment modes:Trimester 1: Burwood (Melbourne), Online
Trimester 2: Burwood (Melbourne), Online
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Munirul Nabin
Trimester 2: Cahit Guven
Cohort rule:

For students enrolled in D713, M701, M501, M543, M601, M703, M738

Prerequisite:

Nil

Corequisite:Nil
Incompatible with: MBA712, MBT703, MBT712, MPE781, 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:

Students will complete a weekly 2 hour module either in an on-campus/located environment or in an online setting.

Scheduled learning activities - cloud:

Online independent and collaborative learning activities including 1 x 2 hour scheduled online modules per week.

Content

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.

ULO These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: Deakin Graduate Learning Outcomes
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

GLO1: Discipline-specific knowledge and capabilities

GLO4: Critical Thinking

ULO3

Apply economic concepts to make firm-level decisions regarding pricing, product development, and production

GLO1: Discipline-specific knowledge and capabilities

GLO5: Problem Solving

ULO4

Evaluate the implications of strategic interactions between economic agents

GLO1: Discipline-specific knowledge and capabilities

GLO4: Critical thinking

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 

Assessment 1 (Individual)-

Short-answer and multi-choice test

 Information not yet available 30% Week 6
Assessment 2 (Individual)- Written situation analysis 2000 words 30% Week 10
Assessment 3 (Individual)- Written report 3000 words 40% Week 11

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.

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MBA703 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

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