Economics for Leaders is designed to familiarise Master of Business Administration students with economic concepts and principles which are useful in understanding the general economic environment within which businesses and other organisations operate. It provides students with a solid foundation of economics knowledge for a senior management career.
Microeconomics examines how consumers and firms make decisions and how they interact with each other in markets. Topics covered include supply and demand, consumer and firm behaviour, price determination and the operation of markets, situations of market failure, and the impact and role of government on the economy.
Macroeconomics examines the entire economy and its wellbeing. Macroeconomics looks at the effect of factors such as inflation, exchange rates, interest rates and trade on the well being and stability of the economy.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- explain introductory, canonical models of consumer and producer behaviour and of macroeconomy
- demonstrate a basic understanding of the operation of a modern economy
- evaluate the effects of government interventions in individual markets and in the macroeconomy
- apply evidence-based management techniques with an economics perspective
Indicative Assessment
- Assessment may consist of a Final Exam, mid-semester exam(s), quizzes, assignments, participation marks, video responses or some combination thereof. See the Class Summary for details. (100) [LO 1,2,3,4]
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
130 hours in total over the semester consisting of lectures, tutorials and private study time. Students are expected to commit at least 10 hours per week to completing the work in this course.
Inherent Requirements
Not applicable.
Requisite and Incompatibility
Prescribed Texts
Please see class summary and course wattle website for details.
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 34
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee | Description |
|---|---|---|
| 2023 | $4560 | Standard Rate |
| 2023 | $3600 |
Grandfathered Rate*
*continuing students in nominated programs only. See fee website |
- International fee paying students
| Year | Fee |
|---|---|
| 2023 | $5820 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
First Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 3343 | 20 Feb 2023 | 27 Feb 2023 | 31 Mar 2023 | 26 May 2023 | In Person | View |