Students

MMBA8045 – Managerial Economics

2021 – MGSM term 4, Special circumstance

Session 2 Learning and Teaching Update

The decision has been made to conduct study online for the remainder of Session 2 for all units WITHOUT mandatory on-campus learning activities. Exams for Session 2 will also be online where possible to do so.

This is due to the extension of the lockdown orders and to provide certainty around arrangements for the remainder of Session 2. We hope to return to campus beyond Session 2 as soon as it is safe and appropriate to do so.

Some classes/teaching activities cannot be moved online and must be taught on campus. You should already know if you are in one of these classes/teaching activities and your unit convenor will provide you with more information via iLearn. If you want to confirm, see the list of units with mandatory on-campus classes/teaching activities.

Visit the MQ COVID-19 information page for more detail.

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
David Orsmond
Credit points Credit points
10
Prerequisites Prerequisites
Admission to MBA or GradCertMgt or GradDipMgt
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit examines economic analysis concepts and tools that enable students to set an organisation’s decision-making within its wider economic context. Topics include supply, demand, and market equilibrium; scarcity; exchange and trade; choice theory; theory of the firm; game theory and strategy; market structure; asymmetric information; market failures. The unit looks at economic variables and how rises and falls in these variables affect individuals, businesses, and industries. It also teaches students how to apply experimentation in organisations.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • ULO1: Evaluate a wide array of economic frameworks and information to formulate business decisions.
  • ULO2: Develop a strategy for efficient allocation of scarce resources.
  • ULO3: Critically reflect on how changes in economic conditions affect individual businesses and industries.

General Assessment Information

In addition to the graded assessment tasks, you are required to submit a short response (200 words) to a question that will be posted on iLearn before the lectures begin that discsuses connections between economics and business. Though not graded, this is a Hurdle task and must be completed by the due date (6pm, 19/9/21).

Assessment Tasks

Name Weighting Hurdle Due
Applied managerial economics task 50% No 6pm, 28/11/21
Class participation 20% No DF weekly; Quiz by 6pm 27/10/21
Essay 30% No 6pm, 3/11/21

Applied managerial economics task

Assessment Type 1: Project
Indicative Time on Task 2: 35 hours
Due: 6pm, 28/11/21
Weighting: 50%

 

This 3,000 word written submission will bring together the concepts and ideas that the unit analyses.

 


On successful completion you will be able to:
  • Evaluate a wide array of economic frameworks and information to formulate business decisions.
  • Develop a strategy for efficient allocation of scarce resources.
  • Critically reflect on how changes in economic conditions affect individual businesses and industries.

Class participation

Assessment Type 1: Participatory task
Indicative Time on Task 2: 15 hours
Due: DF weekly; Quiz by 6pm 27/10/21
Weighting: 20%

 

Students are presented with quiz problems to solve. Answers and solutions are discussed in class time.

 


On successful completion you will be able to:
  • Evaluate a wide array of economic frameworks and information to formulate business decisions.
  • Develop a strategy for efficient allocation of scarce resources.

Essay

Assessment Type 1: Essay
Indicative Time on Task 2: 25 hours
Due: 6pm, 3/11/21
Weighting: 30%

 

This 1,500 word essay will combine theory, analysis and current issues. Written communication skills will be emphasised.

 


On successful completion you will be able to:
  • Evaluate a wide array of economic frameworks and information to formulate business decisions.
  • Develop a strategy for efficient allocation of scarce resources.
  • Critically reflect on how changes in economic conditions affect individual businesses and industries.

1 If you need help with your assignment, please contact:

  • the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
  • the Writing Centre for academic skills support.

2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation

Delivery and Resources

Given the coronavirus outbreak in Sydney, the delivery will be via live online sessons on Wednesdays 6-10pm for the 10 weeks of T4. Lecture slides and suggested readings will be uploaded on iLearn in advance, and the lectures will be recorded (and posted afterwards to iLearn). 

Prescribed text:  Samuelson, W., & Marks, S. G. (2015). Managerial Economics. This textbook is available as an e-book from Macquarie University Library; you do not need to purchase the textbook.

We will also make use as a reference the CORE Textbook, The Economy, Oxford, which is available for free online at www.core-econ.org (register as a student).

Other standard economics textbooks may also be helpful for your background reading; there are many in the Library.

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/student-conduct

Results

Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

Learning Skills

Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.

The Library provides online and face to face support to help you find and use relevant information resources. 

Student Services and Support

Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.

Student Enquiries

For all student enquiries, visit Student Connect at ask.mq.edu.au

If you are a Global MBA student contact globalmba.support@mq.edu.au

IT Help

For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/

When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.


Unit information based on version 2021.10 of the Handbook