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 On-campus
 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.

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. 窪蹋勛圖厙 graduates are professional - employ up-to-date and relevant knowledge and skills
1. 窪蹋勛圖厙 graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. 窪蹋勛圖厙 graduates are professional - communicate effectively
1. 窪蹋勛圖厙 graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. 窪蹋勛圖厙 graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict


Prerequisites

NONE.

Corequisites

NONE.

Incompatible units

NONE.

Equivalent units

NONE.

Assumed knowledge

NONE.
Year Location Teaching period Teaching start date Delivery mode Unit convener
2025 Bruce, Canberra Semester 1 03 February 2025 On-campus Dr John Hawkins
2025 Bhutan MBA Trimester 2 03 June 2025 On-campus Dr Raymond Li
2025 Bruce, Canberra Semester 2 28 July 2025 On-campus Dr John Hawkins
2025 Ningbo, China MBA Trimester 3 07 October 2025 On-campus Dr Ben Freyens
2025 Shanghai, China MBA Trimester 3 07 October 2025 On-campus Dr Raymond Li
Not available

Required texts

There are many economics textbooks which cover the material in this unit. You can find them around HB171.5 in the 窪蹋勛圖厙 Library or around 330 in libraries which use the Dewey system. Three among them are:

Holden, Stevenson & Wolfers, Principle of Economics (Australian edition), 2023

Hubbard et al, Essentials of Economics (5th edition), 2022.

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

Useful websites include:

  • www.rba.gov.au
  •   
  • www.imf.org                                                    
  •         
  • www.bis.org                                                       
  •  

Submission of assessment items

Special assessment requirements

To pass the unit the student must attain at least 50 marks, of which at least 20 must be attained from the final exam.

Students must apply academic integrity in their learning and research activities at 窪蹋勛圖厙. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.

Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.

窪蹋勛圖厙 students have to complete the annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).

窪蹋勛圖厙 uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.

Information is provided in the , , and University of Canberra (Student Conduct) Rules 2023. For further advice, visit Study Skills.

Participation requirements

Regular attendance and participation at the classes is strongly recommended as this is likely to improve performance in the quiz, critical review, group presentation and the final examination. 

Required IT skills

Word-processing; internet searching.

Work placement, internships or practicums

None