MBA703 - The Economic Environment

Unit details

Note: You are seeing the 2023 view of this unit information. These details may no longer be current. [Go to the current version]
Year:

2023 unit information

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

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

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 - online:

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 into 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 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 capabilities
GLO4: Critical Thinking

ULO3

Apply economic concepts to propose firm-level decisions in relation to pricing, product development, and production

GLO1: Discipline-specific knowledge and capabilities
GLO5: Problem Solving

ULO4

Evaluate the implications of strategic interactions between the various economic agents

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week

Assessment 1: (Individual)
Online Multiple-Choice Quiz

40 minutes 15% Week 6
Assessment 2: (Individual) Case Study (Written Report Analysis) 2000 words 40% Week 10
Assessment 3: (Individual) Case Study (Written Report Analysis) 3000 words 45% 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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