Business Economics

Unit code: BEO6600 | Study level: Postgraduate
12
(One credit point is usually equivalent to one hour of study per week)
City Campus
City Flinders
VU Sydney
N/A
Overview
Enquire

Overview

This unit develops an evidence-based approach to economic decision-making in a dynamic market environment and critically examines the rationale for and effectiveness of government policy and regulation. Microeconomic topics include an analysis of the competitive environment facing firms, including: pricing, market structure, market failure and transaction costs. Macroeconomic topics include a review of significant national and international economic challenges, including: business cycles, inflation, unemployment and international competitiveness. These will be examined from the perspective of government stabilisation policies and strategies to enhance productivity, international competitiveness and economic growth. 

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Implement and explicate core and advanced economic concepts, including recent developments in the discipline;
  2. Assess and analyse business problems by applying economic reasoning and analytical skills to make informed judgements and decisions;
  3. Analyse and interpret economic information to address economic problems;
  4. Articulate complex economic ideas clearly and coherently, in written and oral form to expert and non-expert audiences; and
  5. Critically reflect and evaluate the nature and implications of assumptions and value judgements in economic analysis and policy.

Assessment

For Melbourne campuses

Assessment type: Assignment
|
Grade: 20%
Application of economic principles and concepts (Individual)
Assessment type: Report
|
Grade: 30%
Analysis of economic scenario (Group)
Assessment type: Test
|
Grade: 50%
Short answer questions

Required reading

Principles of economics: Asia-Pacific edition
Gans, J,, King, S., Stonecash, R., Byford, M., Libich, J., & Mankiw, N. G. (2018).| South Melbourne: Cengage Learning Australia.

Search for units, majors & minors