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

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.

Hurdle requirement

Nil

Unit Fee Information

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