B6005 Master of Business

The course is structured in three parts: Part A. Advanced preparatory, Part B. Mastery knowledge and Part C. Application studies.

Part A. Advanced preparatory

These studies will introduce you to core business disciplines and the impact they have within organisations. The units cover various disciplines and further your understanding of complex business environments.

Part B. Mastery knowledge

The focus of these studies is to develop your specialist expertise in a business discipline and provide the research skills or knowledge needed either to undertake independent research or for the capacity to work and communicate across the borders of discipline, context or culture.

Part C. Application studies

The focus of these studies is professional or scholarly work that can contribute to a portfolio of professional development.

Master's entry points

Depending on prior qualifications you may receive entry level credit (a form of block credit) which determines your point of entry to the course:

• If you are admitted at entry level 1 you must complete 96 credit points, comprising Part A, Part B and Part C.
• If you are admitted at entry level 2 you must complete 72 credit points, comprising Part B and Part C.
• If you are admitted at entry level 3 you must complete 48 credit points, comprising Part B.

Note 1: If you are eligible for credit for prior studies you may elect not to receive the credit and complete one of the higher credit-point options.

Course progression map

The course progression map provides guidance on unit enrolment for each semester of study.

The course comprises 96 credit points structured in three parts: Part A. Advanced preparatory (24 credit points), Part B. Mastery knowledge (48 credit points) and Part C. Application studies (24 credit points).

Units are 6 credit points unless otherwise stated.

Part A. Advanced preparatory (24 credit points)

You must complete four units (24 credit points) selected from:

• ACX5903 Accounting for business
• BTF5955 Business and company law
• ECX5953 Economics or ECF5927 Managerial economics
• ETX5900 Business statistics*
• MGF5962 Contemporary management principles and practices
• MKF5955 Marketing management: Theory and practice

*You must complete ETX5900 if you are completing the Financial and risk management specialisation

Part B. Mastery knowledge (48 credit points)

a. You must complete two units (12 credit points) from the following*:

• ADA5111 Design thinking for business
• APG5122 Corporate sustainability
• MGF5800 Global business
• MGF5992 Professional development

*If you are enrolled in the double degree Global Executive Master of Business Administration and Master of Business you must undertake ADA5111 Design thinking for business and APG5122 Corporate sustainability. Please note: APG5122 Corporate sustainability can be replaced with MBA5248 Leadership: Governance and ethics from the Global Executive Master of Business Administration component.

You must complete b. or c. below:

b. Six units (36 credit points) from one of the specialisation listed below

OR 

c. Six units (36 credit points) at level 5 with at least 24 credit points which must be from the Faculty of Business and Economics.

Business Economics

You must complete five units (30 credit points) from the following:

• ECF5040 Industry economics
• ECF5200 Game theory and business strategy 
• ECF5560 Cost-benefit analysis and economic decision making
• ECF5921 International economics 
• ECF5923 Macroeconomic Policy
• ECF5927 Managerial economics 
• ECX5550 Business in Asia 
• ETF5922 Data visualisation and analytics

and one more unit (6 credit points) from the above list not previously completed or from the following list of regional economics units:

• ECX5001 Economics of environment and sustainability
• ECX5630 Chinese economy and global business 
• ECX5631 The Australian economy 
• ECX5641 Rising South Asia and global business  
• ECX5642 Southeast Asian economies and global business
• ECX5750 European economy and global business

Contemporary management

You must complete:

• MGF5020 Business ethics in a global environment
• MGF5130 Managing diversity and inclusion
• MGF5600 Managing innovation or MGF5690 Services and operations management
• MGF5630 Principles of negotiation
• MGF5691 Global sustainable operations and supply chain management
• MGF5928 Strategic leadership

Data analytics for business

You must complete three units (18 credit points) from the following:

• ETC5510 Introduction to data analysis 
• ETF5202 Statistical foundations of business analytics 
• ETF5248 Optimisation for Business
• ETF5650 Business optimisation skills 
• ETF5910 Introductory applied econometrics
• ETF5912 Data analysis in business
• ETF5922 Data visualisation and analytic
• ETF5970 Mathematics for business   

and three units (18 credit points) from the following:

• ETF5231 Business forecasting 
• ETF5330 Quantitative methods for financial markets 
• ETF5480 Decision Modelling for Business
• ETF5500 High dimensional data analysis
• ETC5512 Wild-caught data
• ETC5523 Communicating with data
• ETF5932 Predictive analytics and machine learning 
• ETF5952 Quantitative methods for risk analysis
• FIT9132 Introduction to databases
• FIT9136 Algorithms and programming foundations in Python

Economics and Health

You must complete the following three units (18 credit points):

• HEC5980 Health economics
• HEC5981 The business of health 
• HEC5983 Evaluation and policy analysis

and three units (18 credit points) from the following:

• ECF5040 Industry economics
• ECF5200 Game theory and business strategy
• ECF5560 Cost benefit analysis and economic decision making
• ECF5927 Managerial economics
• ECX5400 Design and evaluation of economic, public, and social programs
• ETF5320 Applied econometrics
• ETF5922 Data visualisation and analytics
• ETF5910 Introductory econometrics

Entrepreneurship 

a. You must complete four of the following six units (24 credit points):

• BEX5114 Value creation and start-up capital optimisation for founders
• BEX5120 Structuring, IP and venture capital for start ups
• BEX5403 Start-up simulation: data-driven decision making for success
• BEX5411 Creativity and entrepreneurship
• BEX5413 Technology and innovation for start-ups
• BEX5414 Corporate venturing and innovation in global entrepreneurship ecosystems

You must complete b. or c. below

b. Fastrack

You must complete the following two units (12 credit points)

• BEX5415 Start-up fastrack 1
• BEX5416 Start-up fastrack 2

Or

c. Elective units

You must complete two units (12 credit points) of electives at level 5. Elective units may be chosen from the Faculty of Business and Economics or across the University as long as you have the prerequisites and there are no restrictions on enrolling in the units.

Recommended electives include:

• ETC5510 Introduction to data analysis
• MGF5630 Principles of negotiation

Financial and risk management

You must complete the following four units (24 credit points):

• BFF5902 Introduction to risk management
• BFF5954 Business finance
• BFF5956 Corporate financing decisions
• BFF5958 Financial markets and intermediation

And two of the following units (12 credit points):

• BEX5131 Fundamentals of investment strategy
• BEX5200 Climate change and carbon management strategies
• BTF5910 Corporate sustainability regulation
• BTX5914 Scandal: Risk, ethics and consequences in finance law
• ETF5202 Statistical foundations of business analytics
• ETF5231 Business forecasting
• ETF5500 High dimensional data analysis
• ETF5600 Quantitative analysis of limited dependent variables
• ETF5910 Introductory applied econometrics
• ETF5912 Data analysis in business
• ETF5922 Data visualisation and analytics 
• ETF5952 Quantitative methods for risk analysis

International business

You must complete:

• MGF5800 Global business

And five (30 credit points) of the following units :

• BTF5919 International trade law
• ECF5921 International economics
• MGF5691 Global sustainable operations and supply chain management
• MGF5760 International institutions and organisations
• MGF5961 Supply chain management
• MKF5260 International marketing
• MGF5940 Intercultural communication and negotiation

Marketing

You must complete the following four units (24 credit points):

• MKF5911 Theory and process of buyer behaviour
• MKF5912 Marketing research
• MKF5926 Integrated marketing communication
• MKF5955 Marketing management: Theory and practice

And two (12 credit points) of the following units:

• ETF5922 Data visualisation and analytics
• MKF5260 International marketing
• MKF5630 Services marketing
• MKF5981 Retailing
• MKF5123 Entrepreneurial innovation

Project Management

You must complete the following four units (24 credit points):

• OPM5000 Organising the project function*
• OPM5001 Project as a social system8
• OPM5901 Managing the project context
• OPM5903 Delivering project

And two of the following units (12 credit points):

• BTF5115 From ride share to ride fair: Risk and regulation in the modern workplace
• BTF5345 Huma rights and global business
• ETF5650 Business optimisation skills
• ETF5922 Data visualisation and analytics
• MGF5691 Global Sustainable Ops and Supply Chain Management
• MGF5600 Managing Innovation
• MKF5123 Entrepreneurial Innovation

* OPM5000 and OPM5001 are offered at Clayton campus only.  Students undertaking this specialisation will need to travel to Clayton.

Responsible business governance

You must complete:

• BTF5345 Human rights and global business

And five of the following units (30 credit points):

• BTX5914 Scandal: Risk, ethics and consequences in finance law
• BTF5000 Corporate governance, risk and social responsibility
• BTF5001 Business regulation and compliance
• BTF5114 Regulatory issues for transnational business
• BTF5115 From ride share to ride fair: Risk and regulation in the modern workplace
• BTF5160 Globalisation of law and development in Asia
• BTF5910 Corporate sustainability regulation
• BTF5919 International trade law
• MGF5760 Institutions and organisations

Strategic communications management

You must complete:

• APG5365 Principles of global communications

And five of the following units (30 credit points):

• APG5366 Strategic communications in a digital era
• APG5367 Campaigns, advocacy and change
• APG5373 Engaging audiences
• APG5374 Data analytics in communications
• APG5380 Public relations in a global context
• APG5381 Crisis communications and issues management

Supply chain management

You must complete six of the following units (36 credit points):

• ETF5650 Business optimisation skills
• FSC5051 Innovation consumer behaviour and food marketing
• MGF5600 Managing innovation
• MGF5611 Advanced supply chain management
• MGF5690 Services and operations management
• MGF5691 Global sustainable operations and supply chain management
• MGF5961 Supply chain management

Part C. Application studies (24 credit points)

You must complete four units (24 credit points) at either level 4 or 5. Elective units may be chosen from the Faculty of Business and Economics or across the University as long as you have the prerequisites and there are no restrictions on enrolling in the units.

You can choose one unit from the following list of industry or international experience units as part of Part B. Mastery knowledge section c. or as part of Part C. Application studies.

Industry projects

• BEX5006 Consulting project
• BEX5112 Consulting project (12 credit points)

Study tours

• BEX5722 Engaging with international business
• BEX5723 Engaging with international business 
• BEX5724 Engaging with international business 
• BEX5725 Engaging with international business
• BEX5727 Engaging with international business - Latin America (12 credit points)
• BEX5728 Engaging with international business
• BEX5832 European business and society (12 credit points)
• MGX5831 European business and society
• MKX5521 Global study programs in marketing
• MKX5522 Global study programs in marketing (12 credit points)

Internships

• BEX5001 Industry placement
• BEX5012 Industry placement (12 credit points)