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2022 unit information
For students enrolled in D713, M701, M501, M543, M601, M703, M738
Nil
Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.
Students will complete a weekly 2 hour module either in an on-campus/located environment or in an online setting.
Online independent and collaborative learning activities including 1 x 2 hour scheduled online modules per week.
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.
Explain how the economy works in both the short-term and the 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 capabilitiesGLO4: Critical Thinking
ULO3
Apply economic concepts to propose firm-level decisions in relation to pricing, product development, and production
GLO1: Discipline-specific knowledge and capabilitiesGLO5: Problem Solving
ULO4
Evaluate the implications of strategic interactions between the various economic agents
GLO1: Discipline-specific knowledge and capabilitiesGLO4: Critical thinking
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
Assessment 1: (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.
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.
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