MBA5404 · Economics for decision making

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

The Handbook publishes no offerings for this unit.

Assessment

The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

The Handbook lists no prerequisite, corequisite or prohibition for this unit.

Learning outcomes

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

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.

Student experience, not official rules. Nothing here changes what the Handbook says.