MBA703 - The Economic Environment
Unit details
| Year: | 2024 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Online Trimester 2: Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit Chair: | Trimester 1: Munirul Nabin Trimester 2: Shuddha Rafiq |
| Cohort rule: | This unit is only available to students enrolled in M701, M501, M543, M601, M703 and M743 |
| 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. This will include educator guided online learning activities within the unit site. |
| Educator-facilitated (scheduled) learning activities - on-campus unit enrolment: | Students will complete a weekly 2 hour module either in an on-campus/located environment or in an online setting. |
| Educator-facilitated (scheduled) learning activities - online unit enrolment: | 1 x 2 hour online seminar (recordings provided) each 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 |
| ULO3 | Apply economic concepts to propose firm-level decisions in relation to pricing, product development, and production. | GLO1: Discipline-specific knowledge and capabilities |
| ULO4 | Evaluate the implications of strategic interactions between the various economic agents. | GLO1: Discipline-specific knowledge and capabilities |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) | 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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