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Economic Analysis for Business
Postgraduate | RMI-MPAC60 | 2020
Explore how the economy is structured, how it operates and what problems it can cause for businesses.Forecast economic events drawing on data and trends. Unpack business cycle theory. Utilise analytical techniques to address economic variables.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
FEE-HELP available
Economic Analysis for Business
About this subject
On successful completion of this subject you will be able to:
- CLO1: Examine basic economic problems facing society and apply theory to practical problems in a business context
- CLO2: Analyse and evaluate economic issues within the frameworks of modern economic models and analytical techniques to explain and predict the outcomes of changes in a variety of economic variables;
- CLO3: Analyse the interrelationships between economic variables and evaluate the major economic aggregates and how they are measured.
- CLO4: Analyse and evaluate public policy to determine its economic and societal welfare consequences;
- CLO5: Apply the appropriate economic tools to conduct a meaningful analysis of the economy in a professional ethical context
- Thinking Like an Economist
- Market Supply and Demand
- Market Failure
- Production Costs and Perfect Competition
- Monopoly and Imperfect Competition
- Measuring the Macroeconomy
- Aggregate Demand and Aggregate Supply
- The Monetary System, Monetary and Fiscal Policy
- International Trade and Capital Flows
Economic Analysis for Business will help you understand the structure of the economy, how an economy operates, why economic problems occur and the reasons why policy makers make the decisions they do. This subject will explore and examine economic concepts and their application in “real world” situations.
This subject will help you to develop the analytical techniques necessary to examine the economic environment in which you live and in which the businesses you are associated with must operate. It will enable you to make sense of the often confusing array of economic data and events and to place those into a logical and consistent framework. You will make your own judgements about the likely consequences of various economic events, including the likely policy response of decision makers.Please note: The assessment for this course is currently under review and is subject to change
- Quizzes - Linked CLOs: 1, 2, 3, 4 (20%)
- Invigilated Exam - Linked CLOs: 1, 2, 3, 4, 5 (40%)
- Assignment - Linked CLOs: 1, 2, 3, 4, 5 (40%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
To enrol in this subject, you must be admitted into a degree.
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.