Economics for Management
Your upfront cost: $0
Online & on-campus
Subjects may require attendance
- 27 Jun 2022
QS RANKING 2022
Times Higher Education Ranking 2022
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.
Candidature in the Graduate Certificate in Accounting or Master of Professional 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.
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%)
Current study term: 26 Jun 22 to 23 Sep 22
Check the learning management system (LMS) of your university for textbook details.