- Code ECON8077
- Unit Value 6 units
- Offered by Research School of Economics
- ANU College ANU College of Business and Economics
- Course subject Economics
- Areas of interest Economics, Management
- Academic career PGRD
- Dr Cameron Gordon
- Mode of delivery In Person
First Semester 2020
See Future Offerings
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.
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
- Problem sets (30) [LO 1,2,3,4]
- Essay based project (40) [LO 1,2,3,4]
- Exam (30) [LO 1,2,3,4]
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Students are expected to commit at least 10 hours per week to completing the work in this course. This will include at least 3 contact hours per week and up to 7 hours of private study time.
Requisite and Incompatibility
Please see class summary and course wattle website for details.
Tuition fees are for the academic year indicated at the top of the page.
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- Student Contribution Band:
- Unit value:
- 6 units
If you are an undergraduate student and 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). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
Offerings, Dates and Class Summary Links
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.