MBA5404 Economics for decision making
Faculty of Business and Economics
MBA5404 Economics for 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
- Assessment
- No exam
- 1 task
- Workload
- 150 hours
- per semester
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Requisites
Before MBA5404
No prerequisites or corequisites besides the enrolment rules below.
After MBA5404
No unit lists MBA5404 as a prerequisite in the 2027 handbook.
Enrolment rules
You must be enrolled in B6016 or B9001 to undertake this unit.
Overview
Every organisation operates within an economic environment that shapes demand, investment, workforce availability and competitive advantage. In this unit, you will develop the economic judgement needed to interpret changing market conditions, understand the implications of economic policy and global events, and make informed organisational decisions in an increasingly interconnected world.
Working with authentic organisational challenges, you will apply economic concepts to evaluate market behaviour, assess the impact of changing economic conditions and respond strategically to uncertainty. You will strengthen your ability to interpret economic evidence, critically evaluate human and AI-generated analyses, and make decisions that balance economic, financial, strategic, customer and sustainability considerations.
Offerings in 2027
The 2027 handbook lists no offerings for MBA5404.
Assessment
- Project100%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
evaluate economic conditions using microeconomic and macroeconomic evidence to support data-driven managerial decisions
- 2
evaluate economic analyses and recommendations generated by human and AI-enabled systems
- 3
justify business decisions by integrating economic evidence with diverse organisational perspectives.
Workload and teaching
- Seminars24 hours
- Teaching approachActive learning
- Teaching approachProblem-based learning
- Teaching approachCase-based teaching
Minimum total expected workload to achieve the learning outcomes for this unit is 150 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.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.
Learning resources
Technology resources
Use of AI-enabled MBA platform
Common questions
What are the prerequisites for MBA5404?
MBA5404 has no prerequisites, but enrolment rules apply.
When is MBA5404 offered?
MBA5404 has no offerings listed in the 2027 handbook.
How much work is MBA5404?
The handbook expects about 150 hours of study across the semester. No students have rated its difficulty yet.
Does MBA5404 have an exam?
No. MBA5404 has 1 assessment task and no exam.
More details
- Credit points
- 6
- Level
- 5
- Study level
- Postgraduate
- Faculty
- Faculty of Business and Economics
- Organisational unit
- Monash Business School MBA
- Type
- Coursework
- EFTSL
- 0.125
- Student contribution
- SCA Band 4
- Study abroad
- Not available
- Handbook years
- 2027