Economic Context of Management

This unit presents a basic understanding of the economic context in which managerial decisions take place and provides some basic practical economic skills. The main emphasis is on the macroeconomic environment and how it affects corporate ability to add value. For example, among other things, students are shown how macro and micro markets work, how to find and interpret economic information and statistics, how to understand the transmission of economic impacts in a global environment and how to interpret the role of government and its policy options. The unit emphasises current economic developments in the Australian, Japanese, US and Asian economies.