2013 Unit of Study
The session(s) below are for 2013. For Summer School 2013 unit of study availability please visit the Summer School website (main Summer session January/February 2013).
The University of Sydney session calendar shows exact dates for sessions.
|Firms, Markets and Business Management|
|Offered||Semester 1 and Semester 2|
|Prohibitions||ECON5003, ECON5001, ECON5002|
|Lectures||1x 1.5hr lecture and 1x 1.5hr seminar per week|
|Assessment||Referencing and paraphrasing task (0%); Market analysis task (team) (Pass/Fail); Market analysis task (individual) (20%); Firm analysis report (individual) - (40%); Final exam (40%)|
|Description||This unit introduces accounting students to the importance of market types (for product, capital, labour, knowledge, materials, etc) and market mechanisms, structures and regulation on business operations and decision-making. Knowledge of firm-level economics, demand, supply, pricing, costs and revenues, productivity and market structures is integrated with the foundational tenets of business decision-making and applied to a variety of situations encountered by managers in the contemporary global economy. The unit also covers national income accounting, macroeconomic concepts, fiscal and monetary policy and related macro-economic themes relevant to business management and accounting practice. Consideration is also given to the influence of institutions factors, government regulation, social change and technological innovation on business operations and decision-making, with particular emphasis on the learning needs of aspiring business and accounting professionals. Consideration is given to ethical business practice, and corporate social responsibility and sustainability.|