Unit convenor and teaching staff |
Unit convenor and teaching staff
Maroš Servátka
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
Admission to MBA or GradCertBusAdmin or GradDipBusAdmin or GradCertMgt or GradDipMgt
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
Learn economic concepts and tools that will enable you to view the business world from a new perspective, allowing you to make better managerial decisions. Set your organisation’s decision-making within its broader economic context and consider the impact on overall efficiency. The unit’s 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. Examine economic variables and how rises and falls in these variables affect individuals, businesses, and industries. Acquire skills to apply experimentation in organisations. |
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Late Assessment Submission Penalty (written assessments)
Unless a Special Consideration request has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55pm. A 1-hour grace period is provided to students who experience a technical concern. For any late submissions of time-sensitive tasks, such as scheduled tests/exams, performance assessments/presentations, and/or scheduled practical assessments/labs, students need to apply for Special Consideration.
Name | Weighting | Hurdle | Due |
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Skills Development: Identifying Organizational Inefficiency | 50% | No | Sept. 7 |
Professional Practice: Economic Analysis | 50% | No | Aug. 3 |
Assessment Type 1: Project
Indicative Time on Task 2: 35 hours
Due: Sept. 7
Weighting: 50%
The purpose of the task is to apply economic analysis to identify an inefficiency in an organization and propose business solutions. This is a learning-by-doing managerial project.
You will prepare a written report to clearly communicate arguments using appropriate presentation techniques and business language. The development of the idea will be discussed with the lecturer and presented in class to obtain feedback prior to a written submission.
Skills in focus:
Deliverable: Written submission [max. 1,500 words]
This is an individual assessment.
Assessment Type 1: Essay
Indicative Time on Task 2: 25 hours
Due: Aug. 3
Weighting: 50%
The purpose of the assessment is to form and express strong economic arguments in a situation when circumstances external to the organization change and communicate them effectively using appropriate business language.
You will prepare essay-style memo, combining theory, analysis and current issues in the economic environment. The development of ideas will be discussed in class to receive early feedback before submission. The memo must be convincing but succinct.
Skills in focus:
Deliverable: Written submission [max. 1,500 words]
This is an individual assessment.
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
See Ilearn
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Unit information based on version 2025.05 of the Handbook