Economics in Management Practice - MNGT5201
Faculty: UNSW Business School
School: AGSM MBA Programs
Course Outline: AGSM Website
Campus: Sydney
Career: Postgraduate
Units of Credit: 6
EFTSL: 0.12500 (more info)
Indicative Contact Hours per Week: 3
Enrolment Requirements:
Prerequisite: Restricted to Full Time MBA and MBA/LLM students
CSS Contribution Charge: 3 (more info)
Tuition Fee: See Tuition Fee Schedule
Further Information: See Class Timetable
View course information for previous years.
Description
This course is an introduction to microeconomics (the economics of the market) and macroeconomics (the economics of the country) for people who have done little or no economics.
It covers how we model the behaviour of firms operating in their diverse markets, using the concepts of demand, supply and market equilibrium.
Critical tools such as elasticity, opportunity cost and game theory are developed and used.
The macroeconomics section shows how we measure economic production for entire countries, what determines long-term growth of nations, and why money and the institutions that manage it are important elements affecting economic behaviour.
It covers how we model the behaviour of firms operating in their diverse markets, using the concepts of demand, supply and market equilibrium.
Critical tools such as elasticity, opportunity cost and game theory are developed and used.
The macroeconomics section shows how we measure economic production for entire countries, what determines long-term growth of nations, and why money and the institutions that manage it are important elements affecting economic behaviour.
Study Levels
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