MPE781 - Economics for Managers
Unit details
| Year: | 2022 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Burwood (Melbourne), Online Trimester 2: Burwood (Melbourne), Online Trimester 3: Burwood (Melbourne), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit Chair: | Trimester 1: Francesco Carli Trimester 2: Cong Pham Trimester 3: Shuddha Rafiq |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | MBA703, MBA712, MBT703, MPEQ781, 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. |
| Scheduled learning activities - campus: | 1 x 3 hour seminar per week |
| Scheduled learning activities - cloud: | Online independent and collaborative learning including 3 scheduled online workshops |
Content
The unit covers the policy and strategic aspects of business management and also provides a practical and pragmatic approach to policy issues. Topics include the dynamics of market behaviour, including a discussion of different market structures and the impact of macroeconomic policies in a changing world economic environment on the economy in general and the student's business in particular.
| ULO | These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: | Deakin Graduate Learning Outcomes |
|---|---|---|
| ULO1 | Interpret and apply basic principles and their effect on individual economic decisions (microeconomics), the economy as a whole (macroeconomics) and how economic indicators (data) are used to validate these economic behaviours | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Apply economic principles to the analysis of important decisions confronting the management of business organisations | GLO4: Critical thinking |
| ULO3 | Critically evaluate existing economic theories in the context of real and contemporary national and international circumstances | GLO4: Critical thinking GLO8: Global citizenship |
| ULO4 | Apply statistical concepts to real world data and use this to make informed decisions | GLO5: Problem solving GLO8: Global citizenship |
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) Problem Based Written Assignment | 3000 words | 40% | Week 8 |
| Examination (Open Book) | 2 hours | 60% | Exam period |
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.
Hurdle requirement
Hurdle requirement: achieve at least 50% of the marks available on the examination.
Learning Resource
The texts and reading list for the unit can be found on the University Library via the link below: MPE781 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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