MBT703 - The Economic Environment (Tour)
Unit details
| Year: | 2024 unit information |
|---|---|
| Enrolment modes: | Not offered in 2024. |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Cohort rule: | This unit is only available to students enrolled in M501, M543, M601, M701, M703, M743 |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | MBA703, MBA712, MBT712, MPE781, MPT781 |
| Typical study commitment: | Students will on average spend 150 hours over the trimester undertaking the teaching, learning and assessment activities for this unit. This will include educator guided online learning activities within the unit site. |
| 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. |
Note:Faculty-led Study Tours are by application only and have limited places available. Visit the Business and law study abroad website for further information and how to apply. Please contact the Faculty WIL team at bl-wil@deakin.edu.au for any enquiries. | |
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 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.
| 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 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 make firm-level decisions regarding pricing, product development and production. | GLO1: Discipline-specific knowledge and capabilities |
| ULO4 | Evaluate the implications of strategic interactions between economic agents. | GLO1: Discipline-specific knowledge and capabilities |
These Unit Learning Outcomes are applicable for all teaching periods throughout the year.
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) Multiple Choice Quiz | 15% | Information not yet available | |
| Assessment 2: (Individual) Case Study | 2000 words | 40% | Information not yet available |
| Assessment 3: (Individual) Take home exam | 45% | Information not yet available |
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: MBT703 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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