This unit is available for these qualifications:
Unit Description
This unit examines the terminology, principles, frameworks and theoretical models that underpin economics at a micro and macro level with a focus on report writing and using economic principles to provide insights. You will develop the skills to conduct economic research, interpret economic information, and apply economic analysis frameworks to understand broadly applicable impacts and make better informed decisions.
Prerequisites
There are no prerequisites for this unit.
Learning Outcomes
- Research and analyse publicly available economic information to interpret implications and communicate relevant insights clearly and concisely
- Critically analyse the economic business environment and identify business implications for organisations and individuals using economic principles
- Critically evaluate the economic goals of the national economy and the economic functions of government
- Locate and interpret common economic reports (e.g., the regular RBA statements) for key economic data about the national economy
- Evaluate the qualitative impact on the industry, organisation, or environment, in modern contemporary situations of volatility, change or market failure, and common economic policy solutions
- Apply skills in economic research, critical thinking and interpretation via written communication
Graduate Attributes
AIM Business School has identified a set of attributes that positively impact graduates’ success in business as a manager and leader and these are taught, developed, and assessed to varying degrees in this unit. These Graduate Attributes are:
- Strives for intellectual rigour
- Understanding the changing global context
- Manages for success
- Demonstrates effective communication and interpersonal skills
- Develops mastery of business and management disciplines
- Strives to be a continuous adult learner
Assessment Tasks
The successful completion of Economics for Managers relies on the submission of three assessments:
- Assessment Task 1: Economic Principles and Microeconomic Analysis (40%)
- Assessment Task 2: Macroeconomic Analysis (45%)
- Assessment Task 3: Reflection (15%)
