Course Title: Business and Economic Analysis

Part A: Course Overview

Course Title: Business and Economic Analysis

Credit Points: 12.00

Important Information:

Please note that this course may have compulsory in-person attendance requirements for some teaching activities. 

To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption. 

Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209. 

Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus 

Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance. 


Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

BUSM3243

City Campus

Postgraduate

660H Graduate School of Business and Law

Face-to-Face

 Sem 1 2006,
Sem 2 2006,
Sem 1 2007,
Spring2007,
Sem 1 2008,
Spring2008,
Sem 1 2009,
Sem 2 2009,
Spring2009,
Sem 1 2010,
Sem 2 2010,
Spring2010,
Sem 1 2011,
Sem 2 2011,
Sem 1 2012,
Sem 2 2012,
Sem 1 2013,
Sem 2 2013,
Sem 1 2014,
Sem 1 2015,
Sem 2 2015,
Sem 1 2016,
Sem 1 2019,
Sem 1 2020,
Sem 1 2021,
Sem 1 2022

BUSM3244

RMIT University Vietnam

Postgraduate

660H Graduate School of Business and Law

Face-to-Face

 Viet2 2007,
Viet1 2008,
Viet2 2008,
Viet3 2008,
Viet1 2009,
Viet2 2009,
Viet3 2009,
Viet1 2010,
Viet2 2010,
Viet3 2010,
Viet1 2011,
Viet2 2011,
Viet3 2011,
Viet1 2012,
Viet2 2012,
Viet3 2012,
Viet2 2013,
Viet1 2014,
Viet3 2014,
Viet1 2015,
Viet3 2015,
Viet1 2016,
Viet2 2016,
Viet2 2017,
Viet3 2017,
Viet2 2018,
Viet3 2018,
Viet1 2019,
Viet3 2019,
Viet2 2020,
Viet3 2020,
Viet1 2021,
Viet2 2021,
Viet3 2021,
Viet1 2022,
Viet2 2022,
Viet3 2022

BUSM3997

RMIT Vietnam Hanoi Campus

Postgraduate

660H Graduate School of Business and Law

Face-to-Face

 Viet3 2008,
Viet2 2019,
Viet2 2020

BUSM4346

Open Learning Australia

Non Award

660H Graduate School of Business and Law

Distance / Correspondence

 OUAS1PG19

Course Coordinator: Dr Kevin Argus

Course Coordinator Phone: +613 9925 1457

Course Coordinator Email: Kevin.Argus@rmit.edu.au

Course Coordinator Location: Melbourne Campus Building 13 Level 2

Course Coordinator Availability: By appointment


Pre-requisite Courses and Assumed Knowledge and Capabilities

None.


Course Description

This course will develop your ability to understand, analyse and use economic logic and data to inform business decision-making. You will investigate external environmental factors which affect business performance, such as macroeconomic trends and government policy. It also examines optimal business strategies in response to different external environments, such as pricing and product differentiation. The course will develop your skills in statistical analysis. Through the application of these techniques you will develop a modern managerial approach to evaluating business arguments and making decisions.


Objectives/Learning Outcomes/Capability Development

-


On successful completion of this course you will be able to:

  1. Apply your knowledge of economics to the practice of management.
  2. Analyse quantitative and qualitative information to assess risk implications in business decisions.
  3. Interpret economic data and assess impact on business decisions.
  4. Undertake independent academic research.
  5. Present quantitative information in a clear simple and informative format.


Overview of Learning Activities

There are two key learning activities in this course. The first happens within the classroom and the second is what is known as self-directed learning. Classroom activities will focus on both the theoretical and practical aspects of economic and statistical theory. You are taught how to use statistical approaches to the interpretation of data and the employment of economic concepts in business decision making.

It is expected that every student enrolled in this course will engage in self-directed learning. This includes the studying of lecture notes/textbook before and after classes. The formation of study/discussion groups is encouraged. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.


Overview of Learning Resources

Various learning resources are available online through MyRMIT Studies\Canvas. The lecture notes and workshop notes are posted on Canvas.

Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT Library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT library website.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.


Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 25%
Linked CLOs: 1, 2, 3, 4, 5

Assessment Task 2: 25%
Linked CLOs: 1, 3, 4, 5

Assessment Task 3: 50%
Linked CLOs: 1, 3, 4, 5

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.