1997 Swinburne Higher Education Handbook

Recommended reading
Emmanuel, C. and Otley, D. Accounting for Management Control.
Berkshire, Van Nostrand Reinhold, 1985
Higgins, R.C. Analysis for Financial Management. 3rd edn,
Homewood, Illinois, Irwin, 1992
Hoggett, J.R. and Edwards, L. Accounting in Australia. 2nd edn,
rev. and updated, Brisbane, Wiley, 1992
Horngren, C.T. and Foster, G. Cost Accounting: A Managerial
Emphasis. 7th edn, Englewood Cliffs, N.J., Prentice Hall, 1991
Johnson, H.T. and Kaplan, R.S. Relevance Lost: The Rise and Fall
of Management Accounting. Boston, Mass., Harvard Business
School Press, 1991
Lee, John Y. Managerial Accounting Changesfor the 1990%
Reading, Mass., Addison-Wesley, 1987
BE 1 10
Microeconomics
3 hours per week Hawthorn Prerequisite: nil
Assessment: examination assignment
A subject in the Bachelor of Business
Objectives
To introduce key microeconomic concepts and to encourage
and assist students to apply economic reasoning to issues
facing business, government and consumers.
Content
This subject introduces students to microeconomic concepts
and their application within the framework of the
Australian economv. The course commences with an
examination of the role of the market in allocating resources
and distributing output. This is followed by an examination
of the firm's production, costs and revenues in a variety of
market structures. The significance of microeconomic
concepts for both business and government policy is
emphasised throughout.
Recommended reading
Jackson, J., McIver, R., and McConnell, C.R., Microeconomics,
4th edn, Sydney, McGraw-Hill, 1994
McTaggart, D. et a1 Microeconomics, 2nd edn, Sydney, Addison
Wesley, 1995
Terry, C. and Forde, K. Microeconomics: An Introduction for
Australian Students, 3rd edn, Sydney, Prentice Hall, 1992
Waud, R.N. et al. Economics, 2nd Australian edn, Artarmon,
N.S.W., Harper Educational, 1992
BE220 Macroeconomics
3 hours per week Hawthorn/ Mooroolbark (semester 2)
Prerequisite: BE110 Microeconomics Assessment: multiple
choice tests, assignments, examination
A subject in the Bachelor of Business
Obiectives
To provide business students with an understanding and
appreciation of macroeconomic concepts, issues and policies
pertaining to the Australian economy.
Content
This subject introduces students to the key macroeconomic
conceots. issues and ~olicies. Em~hasis
on current issues
1 ,
and policies. To fully appreciate the current Australian
economic and business environment, some theoretical
background is necessary and this is provided in the course
by the AD/AS model. This model is applied to issues such
as inflation, unemployment and external imbalance and is
used to demonstrate the impact of government
macroeconomic policies (wages, fiscal and monetary) on
Australian business and the economy. Within the course
students are introduced to the financial markets, financial
deregulation and Australia's international business
environment.
Recommended reading
Freebairn, M.L., et al., Introduction to Australian Macroeconomics,
3rd edn, Hawthorn, Vic., Citadel Press, 1995
McTaggart, D. et al. Economics, Australian edn, Sydney, Addison-
Wesley, 1995
Waud, R.N., et al. Economics, 2nd Australian edn, Armaton,
N.S.W., Harper Educational, 1992
Baumol, W. and Blinder, A,, Economics: Principles and Policy, 2nd
Australian edn, Sydney, Harcourt Brace Jovanovich, 1992
BE22 1 Managerial Economics
3 hours per week Hawthorn Prerequisite: BE110
Microeconomics also BQllO Quantitative Analysis A or
BQlll Quantitative Analysis B
Assessment: examinatioh/assignment
A subject in the Bachelor of Business
Obiectives and Content
To show the relevance of microeconomic concepts to
business decision-making.
This subject deals with topics such as decision making under
conditions of uncertainty, demand analysis with emphasis
on demand estimation, cost analysis and cost concepts for
decision making, pricing decisions in theory and practice
and the goals of the firm and their influence on decision
making.
Recommended reading
Baye, M.R. and Beil, R.O., Managerial Economics and Business
Strategy, Boston, Mass, Irwin, 1994
Douglas, E.J. Managa'al Economics Analysis and Strategy. 4th edn,
Englewood Cliffs, New Jersey, Prentice Hall, 1992
Samuelson, W.F. and Marks, S.G., Managerial Economics, 2nd
edn, Fort Worth, Dryden Press, 1995
BE222 Industry and Government
3 hours per week Hawthorn Prerequisite: BE110
Microeconomics Assessment: examination/assignment
A subject in the Bachelor of Business
Objectives and Content
This subject builds on the material covered in BE110
Microeconomics.
Students who are contemplating major studies in economics
should include this subject and BE221 Managerial Economic
Analysis in their course.
The subject deals with the performance of industry in
contemporary economies with special reference to Australia. In
particular, the subject considers the relationship between
government and industry including regulatory and competition
policy.
Performance criteria, the nature of the modern corporation