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MBT703 - The Economic Environment (Tour)

Year:2022 unit information
Enrolment modes:

Not offered in 2022

Credit point(s):1
EFTSL value:0.125
Cohort rule:

For students enrolled in  M501, M543, M601, M701 and M703

Prerequisite:

Nil

Corequisite:Nil
Incompatible with: MBA703, MBA712, MBT712, MPE781, MPT781
Typical study commitment:

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

In-person attendance requirements:

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.

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 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.

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) Multiple Choice Quiz   15% To be advised
Assessment 2: (Individual) Case Study 2000 words 40% To be advised
Assessment 3: (Individual) Take home exam   45% To be advised

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

Nil

Learning Resource

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.

 

Unit Fee Information

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