Economics for Managers G (6234)

Home

Economics for Managers G

Available teaching periods	Delivery mode	Location
View teaching periods	On-campus	Bhutan Bruce, Canberra Ningbo, China Shanghai, China
EFTSL	Credit points	Faculty
0.125	3	Faculty Of Business, Government & Law
Discipline	Study level	HECS Bands
Canberra School Of Government	Graduate Level	Band 4 2021 (Commenced After 1 Jan 2021) Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905) Band 5 2021 (Commenced Before 1 Jan 2021)

Introduction

The content of this subject is especially designed for graduate students and provides an examination of economic principles and theories essential to an understanding of current economic problems and economic policy analysis. The syllabus includes both microeconomics and macroeconomics. The essentials of microeconomics are examined including the theory of market systems and the price mechanism, consumer demand theory, resource allocation and the theory of the firm concentrating on production and cost analysis principles. The macroeconomics component examines the inter-relationship between the main economic variables. Microeconomic reform and fiscal and monetary policy measures are examined and related to economic problems of unemployment, inflation and slow economic growth.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Explain and apply fundamental economic theories and concepts to the management of a business;

2. Critically analyse the economic context in which business operates
3. Evaluate the economic and policy environment both in Australia and internationally and apply to the decision making of businesses.

Graduate attributes

1. 萝莉视频 graduates are professional - employ up-to-date and relevant knowledge and skills
1. 萝莉视频 graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. 萝莉视频 graduates are professional - communicate effectively
1. 萝莉视频 graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. 萝莉视频 graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict

Prerequisites

NONE.

Corequisites

NONE.

Incompatible units

NONE.

Equivalent units

NONE.

Assumed knowledge

NONE.

Availability

Year	Location	Teaching period	Teaching start date	Delivery mode	Unit convener
2026	Bhutan	MBA Trimester 1	02 February 2026	On-campus	Dr Benjamin Vu
2026	Bruce, Canberra	Semester 1	16 February 2026	On-campus	Mr Kencho Kencho
2026	Bruce, Canberra	Semester 2	10 August 2026	On-campus	Mr Kencho Kencho
2026	Ningbo, China	MBA Trimester 3	06 October 2026	On-campus	Dr Ben Freyens
2026	Shanghai, China	MBA Trimester 3	06 October 2026	On-campus	Dr Raymond Li

Timetable

Not available

Resources

Required texts

There is no prescribed textbook for this unit and there is no need to purchase a book. The recommended readings for each topic will be provided online with the ppt slides. The book below is recommended reading and is available in the RIM library. There are literally dozens of similar introductory economics textbooks that essentially have the same theoretical content and would be good substitutes.

Layton, A. P., Robinson, T. J. C., & Tucker, I. B. (2019). Economics for today (Sixth Asia-Pacific edition.). Cengage Learning.

Thomas, C. R. & Maurice, C. S. (2016). Managerial economics: Foundations of Business Analysis and Strategy (Twelfth edition.). McGraw-Hill Education.

O'Brien, A. P., Lewis, P., Hubbard, G., & Garnett, A. (2024). Essentials of Economics (6th ed.). Pearson Education Australia.

List of recommended texts/readings

驴 Mankiw, N. G. (2021). Essentials of Economics (9th edition.). Cengage Learning.

驴 The CORE Econ Team. (2023). The Economy 2.0: Microeconomics. Open access e-text available at https://core-econ.org/the-economy/

驴 The CORE Econ Team. (2025). The Economy 2.0: Macroeconomics. Open access e-text available at https://core-econ.org/the-economy/ 驴 Bowles, S. & Halliday, S. D. (2022). Microeconomics: Competition, Conflict and Coordination. Oxford University Press.

驴 Publications and reports of the Department of Macroeconomic affairs (DMEA).

驴 Statistical yearbook of National Statistics Bureau (NSB).

驴 Reports and Annual financial statements of the Ministry of finance.

驴 National Assembly reports.

驴 Reports of Gross National Happiness Commission (GNHC).

Useful websites include:

www.rba.gov.au
www.imf.org
www.bis.org

Assessment requirements

Academic integrity

Students must apply academic integrity in their learning and research activities at 萝莉视频. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.

Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.

萝莉视频 students have to complete the annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).

萝莉视频 uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.

Information is provided in the , , and 萝莉视频 (Student Conduct) Rules 2023. For further advice, visit Study Skills.

Student responsibility

Participation requirements

Regular attendance and participation in classes are strongly recommended as they are likely to improve your performance in assessments.

萝莉视频

萝莉视频