Economics for Managers G (6234.5)
Please note these are the 2024 details for this unit
Available teaching periods | Delivery mode | Location |
---|---|---|
View teaching periods | Flexible On-Campus Online |
Bruce, Canberra Bhutan Ningbo, China Shanghai, China |
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.
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.
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
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
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 skills1. 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
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
Prerequisites
NONE.Corequisites
NONE.Incompatible units
NONE.Equivalent units
NONE.Assumed knowledge
NONE.
Availability for enrolment in 2024 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 |
---|---|---|---|---|---|
2023 | Bruce, Canberra | Semester 1 | 06 February 2023 | Flexible | Dr John Hawkins |
2023 | Bhutan | MBA Trimester 2 | 05 June 2023 | On-Campus | Dr Raymond Li |
2023 | Bruce, Canberra | Semester 2 | 31 July 2023 | Flexible | Dr John Hawkins |
2023 | Ningbo, China | MBA Trimester 3 | 03 October 2023 | On-Campus | Dr Ben Freyens |
2023 | Shanghai, China | MBA Trimester 3 | 03 October 2023 | On-Campus | Dr Raymond Li |
2024 | Bruce, Canberra | Semester 1 | 05 February 2024 | Online | Dr John Hawkins |
2024 | Bruce, Canberra | Semester 1 | 05 February 2024 | On-Campus | Dr John Hawkins |
2024 | Bhutan | MBA Trimester 2 | 03 June 2024 | On-Campus | Dr Raymond Li |
2024 | Bruce, Canberra | Semester 2 | 29 July 2024 | Online | Dr John Hawkins |
2024 | Bruce, Canberra | Semester 2 | 29 July 2024 | On-Campus | Dr John Hawkins |
2024 | Ningbo, China | MBA Trimester 3 | 08 October 2024 | On-Campus | Dr Ben Freyens |
2024 | Shanghai, China | MBA Trimester 3 | 08 October 2024 | On-Campus | Dr Ben Freyens |
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
Useful websites include:
- http://www.worldbank.org/
- http://www.imf.org/
- http://www.oecd.org/
- http://www.nber.org
- http://www.bis.org/
- http://www.rba.gov.au/
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
Word-processing; internet searching
Work placement, internships or practicums
None
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