| Type: | Postgraduate Subject |
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| Code: | BMBA71-250 |
| Faculty: | Bond Business School |
| Credit: | 10 |
| Study areas: |
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Description
This subject is designed to enable students to analyse economic environments and to develop an understanding of the value of economic reasoning to evaluate strategic business decisions. It is also intended to provide an opportunity to apply this understanding to develop fundamental economic analysis and evaluation skills to support managerial decision making.
Subject details
Learning outcomes
- Identify the main characteristics of different market types, such as perfect competition, monopoly, monopolistic competition and oligopoly.
- Analyse the nature of competitive behaviour in various markets to assess the implications for business strategy.
- Explain the key macroeconomic drivers of a business environment and how macroeconomic outcomes relate to government policy.
- Apply economic concepts and theories to issues facing consumers, firms, governments and other institutions.
Enrolment requirements
| Requisites: |
Nil |
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| Assumed knowledge: |
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
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| Restrictions: |
Anti-requisites: |