UWA Handbook 2017

Unit details

ECON5503 Economic Management and Strategy

Credit 6 points
  Offering
(see Timetable)
AvailabilityLocationMode
Non-standard teaching periodUWA (Perth)Face to face
Trimester 1UWA (Perth)Face to face
Trimester 2UWA (Perth)Face to face
Trimester 3UWA (Perth)Face to face
Trimester 1OnlineOnline
Trimester 2OnlineOnline
Trimester 3OnlineOnline
Content This unit presents a critical set of principles and tools to assist managers to make informed decisions in an environment of economic risk and uncertainty. The unit introduces the basic elements of microeconomics and macroeconomics in terms of understanding the economic basis of business and strategic decision making through the application of economic principles to the role of the modern manager. Built around contemporary business experience and informal case studies, topics include supply and demand; market structures; contemporary market issues; the macroeconomic environment; money and financial markets; interest rates; inflation and unemployment; exchange rates; and a range of topical economic issues.
Outcomes Students are able to (1) explain the microeconomic foundations of business decision making; (2) articulate the role that economics plays in understanding the issues that confront business in market economy; (3) explain the macroeconomic context within which businesses operate; (4) critically assess the major global economic challenges facing business; (5) demonstrate the ability to communicate clearly, effectively and appropriately in a range of contexts; and (6) demonstrate competencies to work effectively in diverse teams.
Assessment Assessment information is provided in the unit outline.

Supplementary assessment is not available in this unit.
Unit rules
Prerequisites: enrolment in one of the following courses: Master of Business Administration (coursework); Master of Business Administration (coursework and dissertation); Graduate Certificate in Business; or approval from the Faculty of Business only, which will be determined with regard to relevant documented professional work experience.
Incompatibility: ECON5541 Economics for Business: Applications and Policy
Contact hours trimester teaching periods—lectures/seminars/workshops: up to 3 hrs per week; non-standard teaching period—lectures/seminars/workshops: up to 5 hrs per week over 7 weeks; online—nil
Unit OutlineTRI-1 : http://www.unitoutlines.biz.uwa.edu.au/Units/ECON5503/TRI-1/2017
TRI-2 : http://www.unitoutlines.biz.uwa.edu.au/Units/ECON5503/TRI-2/2017
TRI-3 : http://www.unitoutlines.biz.uwa.edu.au/Units/ECON5503/TRI-3/2017
TS-T-2 : http://www.unitoutlines.biz.uwa.edu.au/Units/ECON5503/TS-T-2/2017

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