Please note - Swinburne University of Technology

This subject will be designed and taught so as to incorporate
the MBA's emphasis on the places of innovation, technology
and internationalism in business, and will link closely with
other subjects in the MBA.
Subject description
The outline of content below contains both a general outline
of content, which can be applied to any organisation, and an
indication of how this content will be related to organisations
influenced by the themes of technology, innovation and
internationalism that underly the MBA program.
General outline of content
lntroduction to the role of accounting in management
and key concepts needed for an understanding of that
role -cash flow, revenue, expenses, income, assets,
liabilities, accounting reports and financial statements.
Assessing performance - analysing profitability, liquidity
and leverage and their relationship to the nature of the
business.
Cash flow analysis.
Costing, budgeting and control.
Information and decision making.
Management accounting and the new manufacturing
environment.
Texts or references
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., Haward Business School
Press, 1991
Lee, John Y. Managerial Accounting Changes for the 1990's.
Reading, Mass., Addison-Wesley, 1987
BEI i o
Microeconomics
No. of hours per week: three hours
Prerequisite: nil
Instruction: lectureltutorial
Assessment: examination/assignment
Subject aims
To introduce key microeconomic concepts and to encourage
and assist students to apply economic reasoning to issues
facing business, government and consumers.
Subject description
This subject introduces students to microeconomic concepts
and their application within the framework of the Australian
economy. 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.
Textbooks
Waud, R.N. et al. Economics, 2nd Australian edn, Artarmon, N.S.W.,
Harper Educational, 1992
Male, S. and Viney, R., Study Guide to Accompany Microeconomics,
2nd Australian edn, Artarmon, N.S.W., Harper Educational, 1992
References
Jackson, 1. and McConnell, C.R. Economics, 3rd edn, Sydney,
McGraw-Hill, 1988
Terry, C. and Forde, K. Microeconomics: An lntroduction for
Australian Students, 3rd edn, Sydney, Prentice Hall, 1992
~~220 Macroeconomics
No. of hours per week: three hours
Prerequisite: BE1 10 Microeconomics
Instruction: lectureltutorial
Assessment: examinationlassignment, multiple
choice tests
Subject aims
To provide business students with an understanding and
appreciation of macroeconomic concepts, issues and policies
pertaining to the Australian economy.
Subject description
This subject introduces students to the key macroeconomic
concepts, issues and policies. It is descriptive in nature and
emphasis is placed on current issues 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 ADIAS model. This model
is applied to issues such as inflation, unemployment and
external imbalance and 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.
Textbook
Freebairn, M.L., etal., lntroduction to Australian Macroeconomics,
2nd edn, Hawthorn, Vic., Swinburne Press, 1993
References
Freebairn, M.L., Study Guide to Accompany lntroduction to
Australian Macroeconomics, Hawthorn, Citadel Press, 1994
McTaggart, D. et al. Microeconomics, Australian edn, Sydney,
Addison-Wesley, 1992
Waud, R.N., et al., Economics, 2nd Australian edn, Arrnaton, N.S.W.,
Harper Educational, 1992
~~221 Managerial Economics
No. of hours per week: three hours
Prerequisites: BE1 10 Microeconomics also BQ110
Quantitative Analysis A or BQ1 11 Quantitative
Analysis B or equivalent is desirable but is not
mandatory
Instruction: lectureltutorial
Assessment: examinationlassignrnent
Subject aims and description
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 analvsis and cost conceDts for
decision making, pricing deciions in theory and bractice and
the goals of the firm and their influence on decision-making.
Textbook
Douglas, E.J. Managerial Economics: Analysis and Strategy 4th edn,
Englewood Cliffs, New Jersey, Prentice Hall, 1992
References
Pappas, J.L. and Hirschey, M. Managerial Economics. 7th edn,
Chicago, Dryden Press, 1993