Postgraduate | UNE-ECON406-2023
Economics for Management
Online & on-campus
Subject may require attendance
Part of a degree
- 26 June 2023
About this subject
What you'll learn
Upon completion of this subject, students will be able to:
- demonstrate a professional understanding of the microeconomic environments they are working in;
- review, analyse and consolidate information to report to employers on microeconomic developments in their working environments;
- exhibit an expert understanding of the macroeconomic environments domestically and internationally; and
- demonstrate a professional understanding of the implications of international and domestic macroeconomic developments and provide a clear and coherent report to employers.
- Topics will be available to enrolled students in the subjects Learning Management System site approximately one week prior to the commencement of the teaching period.
To effectively manage a business or other organisation, you need to understand the general economic environment in which it operates. In this subject you will explore concepts and principles from Microeconomics and Macroeconomics that will help you to understand the key concepts of management economics. Microeconomics examines how consumers and firms make decisions and how they interact with each other in markets. This includes topics such as supply and demand, consumer and firm behaviour, price determination and the operation of markets, situations of market failure, and the impact and role of government on the economy. Macroeconomics studies the entire economy and its wellbeing. In this component of the subject, you will investigate factors such as inflation, exchange rates, interest rates and trade on the wellbeing and stability of the economy.
Calculations, interpretations of results and problem solving: Relates to Learning Outcomes 1, 2 Written Assessment: 2000 words. Relates to Learning Outcomes 2, 3 Final Examination: 2 hrs 15 mins. Students must obtain at least 50% in the examination (and at least 50% overall) to receive a pass or better in the subject. Relates to Learning Outcomes 1, 2, 3, 4 UNE manages supervised exams associated with your UNE subjects. Prior to census date, UNE releases exam timetables. They’ll email important exam information directly to your UNE email address.
- Calculations (20%)
- Written Assessment (20%)
- Final Examination (60%)
For textbook details check your university's handbook, website or learning management system (LMS).
The University of New England is the only Australian public university to be awarded the maximum 5 stars for Overall Experience by the Good Universities Guide, 13 years in a row. UNE has delivered distance education since 1955—that’s longer than any other Australian university. Perhaps that’s why students continue to rate UNE so highly for student satisfaction and teaching quality. With over 170 degrees offered online, and more than 22,000 students, UNE is an expert in online education.
Learn more about UNE.
Explore UNE courses.
QS Ranking 2023: 31
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
- UNE-MPA-MAS-2023 - Master of Professional Accounting
- UNE-MPA-GCE-2023 - Graduate Certificate in Accounting
- Equipment requirements - Headphones or speakers (required to listen to lectures and other media) Headset, including microphone (highly recommended) Webcam (may be required for participation in virtual classrooms and/or media presentations).
- Software requirements - It is essential for students to have reliable internet access in order to participate in and complete your units, regardless of whether they contain an on campus attendance or intensive school component. For additional information please visit UNE Hardware Requirements: https://www.une.edu.au/current-students/support/it-services/hardware
- Travel requirements - Travel may be required to attend the Final Examination and/or non-mandatory Intensive School for this subject. Dates to be advised.
- Other requirements -
Textbook information is not available until approximately 8 weeks prior to the commencement of the Teaching period.
Students are expected to purchase prescribed material.
Textbook requirements may vary from one teaching period to the next.
Once you’ve completed this subject it can be credited towards one of the following degrees