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Economics in Management Practice - MNGT6302
 Economics in Management Practice

   
   
   
 
Campus: Kensington Campus
 
 
Career: Postgraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 0
 
 
Enrolment Requirements:
 
 
Prerequisite: Enrolment in Graduate Diploma in Management or Master of Law and Management
 
 
Fee Band: 3 (more info)
 
 
Further Information: See Class Timetable
 
  

Description

Economic principles are the foundation for many areas of importance to managers – for accounting, finance, marketing, strategy and negotiation.
In this subject, we learn about the principles of opportunity cost, of diminishing marginal returns, of understanding interdependence between players in the market and how to structure our strategic responses within these markets.
We develop an understanding of the implications of asymmetric information and how this affects the decisions a manager makes on a day-today basis.
We also look at the bigger picture in the economy, developing frameworks for understanding the impact of interest rates and exchange rate changes, the link between inflation and unemployment, and why business cycles occur.


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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.