Economics for Management
Postgraduate
UNE-ECON406 2024Course information for 2024 intake View information for 2025 course intake
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 16 weeks
- Loan available
- FEE-HELP available
Economics for Management
About this subject
Upon completion of this subject, students will be able to:
- demonstrate a professional understanding of the microeconomic environments they are working in;
- review, analyse and consolidate information to report to employers on microeconomic developments in their working environments;
- exhibit an expert understanding of the macroeconomic environments domestically and internationally; and
- demonstrate a professional understanding of the implications of international and domestic macroeconomic developments and provide a clear and coherent report to employers.
- Topics will be available to enrolled students in the subjects Learning Management System site approximately one week prior to the commencement of the teaching period.
To effectively manage a business or other organisation, you need to understand the general economic environment in which it operates. In this subject you will explore concepts and principles from Microeconomics and Macroeconomics that will help you to understand the key concepts of management economics. Microeconomics examines how consumers and firms make decisions and how they interact with each other in markets. This includes topics such as 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 studies the entire economy and its wellbeing. In this component of the subject, you will investigate factors such as inflation, exchange rates, interest rates and trade on the wellbeing and stability of the economy.
Mid-trimester Examination: Relates to Learning Outcomes 1, 2;
Final Examination: 2 hrs 15 mins. Relates to Learning Outcomes 3, 4.
UNE manages supervised exams associated with your UNE subjects. Prior to census date, UNE releases exam timetables. They’ll email important exam information directly to your UNE email address.- Mid-trimester Invigilated Examination (50%)
- Final Invigilated Examination (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
Core
- UNE-MPA-MAS-2024 - Master of Professional Accounting
Elective
- UNE-MPA-GCE-2024 - Graduate Certificate in Accounting
Others
Candidature in the Graduate Certificate in Accounting or Master of Professional Accounting.
Additional requirements
- Equipment requirements - Headphones or speakers (required to listen to lectures and other media). Headset, including microphone (highly recommended). Webcam (may be required for participation in virtual classrooms and/or media presentations).
- Software requirements - It is essential for students to have reliable internet access in order to participate in and complete your units, regardless of whether they contain an on campus attendance or intensive school component. For additional information please visit UNE Hardware Requirements: https://www.une.edu.au/current-students/support/it-services/hardware
- Travel requirements - Travel may be required to attend the Final Examination and/or non-mandatory Intensive School for this subject. Dates to be advised.
- Other requirements -
Textbook requirements:
Textbook information is not available until approximately 8 weeks prior to the commencement of the Teaching period.
Students are expected to purchase prescribed material.
Textbook requirements may vary from one teaching period to the next.
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
Master of Professional Accounting
Postgraduate
UNE-MPA-MASGraduate Certificate in Accounting
Postgraduate
UNE-MPA-GCE