in economics in both a domestic and an international context such as what makes firms competitive, the role ofeconomic policy, what makes economies successful in a global environment, trade versus aid and the role ofgovernment. Macroeconomic issues addressed also include the identification of factors that determine theshort-term and the long-term performance of a national economy. In this context, the role of consumerspending, investment, government taxes and spending on imports and exports and the part played by banks,interest rates and financial markets is outlined. This subject describes the broad business and economicenvironment in which manager’s work and focuses on the development and use of economic principles andtools which will equip business managers to effectively operate in a range of business settings. Postgraduate Program HI5003 Economics for Business
SUBJECT OBJECTIVESOn completion of this subject students will have:A broad understanding of the principles of micro and macro economics in a variety of businessenvironments;An understanding of productivity and its influence on business and national economic performance;An understanding of the likely impacts of fiscal and monetary policy and how they influence businessdecisions;A well- developed understanding of the language of economics and the tools of the economist.STUDENT LEARNING OUTCOMESLearning Outcomes1. A broad understanding of the principles of macro and micro economics in a varietyof business environments2. An understanding of productivity and its influence on business and national economic performance3. An understanding of the likely impacts of fiscal and monetary policy and how they influence business decisions4. A well- developed understanding of the language of economics and the tools of the economistSUBJECT ADMINISTRATIONAwardsDurationCore/ElectiveSubject weightCampusMBA, MPA, GradDip1 semesterCore3 credit pointsMelb / Syd/Bris Mode of deliveryOn campusPrerequisitesNilWorkloadStudents are expected to attend all classesDeliveryA weekly three hour class including two hrs lecture and one hr tutorial Independent study5 hrsCONTACT DETAILSSubject Coordinator andLecturer Sydney Campus02) 9299 1400Jas Paul Chawla[email protected]Consultation times Tue 10 to 12 Wed 2 to 4 Fri 2 to 4 Dushyant Singh Lecturerat Brisbane campus [email protected]TBA Postgraduate Program HI5003 Economics for Business
Alex Kouznetsov Lecturer at Melbournecampus 03) 9662 2055 [email protected]TBA* Other times by appointment Students please note:Holmes Institute provides each student with a Holmes webmail. Faculty and Administrative staff can onlycommunicate with you using your Holmes Institute mail address. Emails from private and/or business emailaccounts cannot be used and may not be answered.