MBT703 - The Economic Environment (Tour)


2021 unit information

Enrolment modes:

Trimester 3 : Study Tour

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

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



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

This unit is based on a study tour. Students will on average spend 150 hours over the trimester undertaking the teaching, learning and assessment activities for this unit. This will include face-to-face academic lectures delivered by partner institutions, face-to-face seminars and face-to-face industry guest lectures/site visits, supplemented by students’ daily engagement with readings and other Cloud-based learning materials.

Scheduled learning activities - campus

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.


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.

Unit Fee Information

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