Postgraduate TAS-BEA683-2023

Economics for Managers

From

$2,837 $0

Your upfront cost: $0

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Duration

14 weeks

Study method

100% Online

Available loans

FEE-HELP

Assessments

Subjects may require attendance

Prior study

Not required

Start dates

20 Feb 2023
10 Jul 2023

Australia’s fourth oldest university, the University of Tasmania, is highly regarded internationally for teaching and academic excellence. The university offers more than 100 undergraduate degrees and more than 50 postgraduate programs across a range of disciplines. The university offers students a diverse range of opportunities, the chance to learn from leading experts, and excellent preparation for their future careers.

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2023

Subject details

What you'll learn

Upon completion of this subject, the student should be able to:

Critically analyse key economic concepts and their application in a business environment.
Appraise and apply the economic way of thinking to explain simple economic events, decisions and actions.
Organise and communicate economic analyses and provide relevant recommendations for business and/or government policy decision making.

Topics covered

- Week 1-Introduction to economics
- Week 2-Demand and supply
- Week 3-Efficiency, demand elasticities
- Week 4-Production costs
- Week 5-Perfect competition
- Week 6-Monopoly
- Week 7-Measuring the size of the economy
- Week 8-Inflation and unemployment
- Week 9-A simple model of the macroeconomy
- Week 10-Semester test (no lecture or workshop this week)
- Week 11-Monetary policy
- Week 12-The international economy
- Week 13-Review and exam preparation

Entry requirements

In order to enrol in this subject, you must be accepted into one of the following degrees:

Core

Elective

OUA-PSU-GCE-2022
TAS-FIN-MAS-2023
OUA-PSU-GCE-2023
TAS-BHI-GCE-2023

Additional requirements

No additional requirements

Description

This subject provides managers with an introduction to a comprehensive range of key microeconomic and macroeconomic topics. The emphasis is on the practical application of basic economic concepts and models to real world business oriented problems. The subject will develop your ability to apply the economic way of thinking to solving problems within a firm and to understand the economic environment in which they operate.

Assessments