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Economic Context of Management - MGSM845

This unit is subject to a quota. Limited places are available. Please refer to the Faculty for further information

This unit examines economic analysis concepts and tools that enable students to set an organisation’s decision-making within its wider economic context. Topics include supply, demand, and market equilibrium; scarcity; exchange and trade; choice theory; theory of the firm; game theory and strategy; market structure; market failures; role of government and government policies; aggregate economy; and international trade.

We look at economic variables and how rises and falls in these variables affect people and businesses. We investigate how government policies, decisions by households and firms, and changes in the world economy affect inflation, exchange rates, interest rates, unemployment, growth, and social issues such as poverty and inequality.

Credit Points: 4
When Offered:

Term 1 North Ryde - January to March

Term 1 Hong Kong - Offshore students only

MGSM Term 2 City - MGSM, City Campus, March to June

Term 2 North Ryde - March to June

Term 3 North Ryde - June to September

Term 3 Online - June to September

Term 4 North Ryde - September to December

Staff Contact(s):

Admission to MBA or MMgmt or PGDipMgt or GradDipMgt or MEngMgt Prerequisite Information


Unit Designation(s):
Assessed As: Graded
Offered By:

Department of Economics

Faculty of Business and Economics

Course structures, including unit offerings, are subject to change.
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