MBA5246 Economic decision making
Faculty of Business and Economics
MBA5246 Economic decision making is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics. It isn't offered in 2027. It has no prerequisites.
- Credit points
- 6
- Offered in 2027
- Not offered
- Workload
- 153 hours
- per semester
Reviews
No reviews yetNo reviews yet. Be the first to review MBA5246.
Requisites
Before MBA5246
No prerequisites or corequisites besides the enrolment rules below.
After MBA5246
No unit lists MBA5246 as a prerequisite in the 2027 handbook.
Enrolment rules
You must be enrolled in course B6017, B6054 or B9001 to undertake this unit.
Overview
The economic lens for reasoning and decision-making in business is a critical understanding for practising executives and business leaders. In Economic Decision-Making / Managerial Economics, macroeconomic issues such as aggregate supply and demand, how the central bank influences interest rates, money supply, credit conditions and exchange rates to manage the economy, and issues of spending and production in the economy are critical. The microeconomics topics covered in the unit include concepts such as resource scarcity, economic choice, demand and supply analysis and the impact of the business environment on a firm’s profit-maximising strategies.
Offerings in 2027
The 2027 handbook lists no offerings for MBA5246.
Learning outcomes
When you finish this unit, you should be able to:
- 1
evaluate the methodology and principles that underpin economic decision-making
- 2
analyse and apply the foundational understanding of both microeconomics and macroeconomics
- 3
formulate persuasive arguments and make informed decisions within the economic context.
Workload and teaching
- Seminars45 hours
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 153 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Common questions
What are the prerequisites for MBA5246?
MBA5246 has no prerequisites, but enrolment rules apply.
When is MBA5246 offered?
MBA5246 has no offerings listed in the 2027 handbook.
How much work is MBA5246?
The handbook expects about 153 hours of study across the semester. No students have rated its difficulty yet.