Economics for Managers G (6234.5)

Please note these are the 2023 details for this unit
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Economics for Managers G
Available teaching periods Delivery mode Location
View teaching periods Flexible
On-Campus
 UC - Canberra, Bruce
UCI - Royal Institute of Management, Bhutan
UCI - Ningbo University, Ningbo
UCI - East China University of Science & Technology Shanghai
EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
Canberra School Of Politics, Economics And Society Graduate Level Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
The content of this subject is especially designed for graduate students and provides an examination of economic principles and theories essential to an understanding of current economic problems and economic policy analysis. The syllabus includes both microeconomics and macroeconomics. The essentials of microeconomics are examined including the theory of market systems and the price mechanism, consumer demand theory, resource allocation and the theory of the firm concentrating on production and cost analysis principles. The macroeconomics component examines the inter-relationship between the main economic variables. Microeconomic reform and fiscal and monetary policy measures are examined and related to economic problems of unemployment, inflation and slow economic growth.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Explain and apply fundamental economic theories and concepts to the management of a business;

2. Critically analyse the economic context in which business operates
3. Evaluate the economic and policy environment both in Australia and internationally and apply to the decision making of businesses.


Graduate attributes

1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems


Prerequisites

NONE.

Corequisites

NONE.

Incompatible units

NONE.

Equivalent units

NONE.

Assumed knowledge

NONE.
Availability for enrolment in 2023 is subject to change and may not be confirmed until closer to the teaching start date.
Year Location Teaching period Teaching start date Delivery mode Unit convener
2022 UC - Canberra, Bruce Semester 1 07 February 2022 Flexible Dr Ben Freyens
2022 UCI - Royal Institute of Management, Bhutan MBA Trimester 2 06 June 2022 On-Campus Dr Raymond Li
2022 UC - Canberra, Bruce Semester 2 01 August 2022 Flexible Dr John Hawkins
2022 UCI - Ningbo University, Ningbo MBA Trimester 3 04 October 2022 On-Campus Dr John Hawkins
2022 UCI - East China University of Science & Technology Shanghai MBA Trimester 3 04 October 2022 On-Campus Dr Raymond Li
2023 UC - Canberra, Bruce Semester 1 06 February 2023 Flexible Dr Ben Freyens
2023 UCI - Royal Institute of Management, Bhutan MBA Trimester 2 05 June 2023 On-Campus Dr Raymond Li
2023 UC - Canberra, Bruce Semester 2 31 July 2023 Flexible Dr John Hawkins
2023 UCI - Ningbo University, Ningbo MBA Trimester 3 03 October 2023 On-Campus Dr John Hawkins
2023 UCI - East China University of Science & Technology Shanghai MBA Trimester 3 03 October 2023 On-Campus Dr Raymond Li
The information provided should be used as a guide only. Timetables may not be finalised until week 2 of the teaching period and are subject to change. Search for the unit timetable.

Required texts

There is no prescribed textbook for this unit and there is no need to purchase a book. The pre-recorded lectures, some reading materials and questions for each workshop will be provided on the unit's Canvas site.

The textbooks listed below can be helpful reading. There are literally dozens of other, similar introductory economics text books that essentially have the same theoretical content and would be good substitutes.

Hubbard, G et al (2019) Essentials of Economics (4th edition)

McConnell, C et al (2021) Economics (22nd edition)

Stevenson, B & Wolfers, J (2020) Principles of Economics (1st edition)

Mankiw, G (2021) Essentials of Economics (9th edition)

 

Participation requirements

Regular attendance and participation at the workshops is strongly recommended to produce good case studies, and to prepare for the final examination. 

Required IT skills

Familiarity with Microsoft Word and Powerpoint.

Students taking the online workshop option will do so using the Virtual Room in the UCLearn teaching site. The Virtual Room allows you to communicate in real time with the facilitator and other students. To participate verbally, rather than just typing, you will need a microphone. For more information and to test your computer, go to the Virtual Room in your UCLearn site and 'Join Course Room'. This will trigger a tutorial to help familiarise you with the functionality of the virtual room.

Work placement, internships or practicums

None

Next step

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