Course

Economics in Management Practice - MNGT6302

Faculty: Australian School of Business

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: 0

Enrolment Requirements:

Prerequisite: Enrolment in Graduate Diploma in Management or Master of Law and Management

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

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.


Economics in Management Practice

Study Levels

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