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Executive Management 3 (BUSA90507)
Graduate courseworkPoints: 25On Campus (Parkville)
From 2023 most subjects will be taught on campus only with flexible options limited to a select number of postgraduate programs and individual subjects.
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About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Overview
Availability | August |
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Fees | Look up fees |
This subject contains four components, as described below.
Finance I
This component is designed to provide students with foundation knowledge about financial management. This foundation knowledge provides the basis for funding a firm’s investments and using its resources efficiently. The topics covered will include:
- Foundations of capital budgeting and project valuation
- Foundations of financial instruments
- Foundations of portfolio theory
- Foundations of capital structure determinants
Managerial Judgment
The brain is a truly amazing biological machine, moulded through millions of years of evolutionary pressure. More recent changes in human history have created a gap between the world for which our brains were designed, and the world in which we actually live. This mismatch is played out in many aspects of management and leadership. We suffer from strong biases that hinder good decision-making, and we often fail to develop realistic perceptions of others and of ourselves. Fortunately, scientists have generated a great deal of knowledge that allows us to identify these deficiencies and to find remedies for them. These sessions are based on long-standing psychological research as well as state-of-the-art neurobiological research that sheds light on the obstacles we face when making decisions. By discovering the roots of many of our biases we can also learn remedies to these problems so that we can avoid pitfalls in decision-making.
Economics of Strategy
Economics of Strategy aims at providing a framework and a set of tools that help an executive manager develop and evaluate strategic options and make the right choices. By extracting from microeconomic theory those concepts and techniques that enable a decision-maker to evaluate his or her strategic position, students seek out new opportunities, and make fact-based, educated conjectures about their likely success. The focus will be on decisions at the individual business unit level that aim at advancing a firm’s market position.
Concepts and tools of microeconomics, game theory, and strategic management theory are used to answer questions such as:
- How does the market environment constrain a firm in its ability to set the price of its products and services?
- Which strategies can a firm employ to prosper in the face of competition?
- How can the firm increase the value it captures in business-to-business transactions in which few players operate?
Seminar III:
This Executive MBA Seminar Series complements the mainstream components of the module, and is dedicated to contemporary issues and global best practice development in the Operations, Ethical Leadership and Economics of Strategy fields.
Intended learning outcomes
Finance I:
On completion of this component, students should be able to:
- Understand the scope and content of business finance and financial management;
- Understand the link between the theory and the practice of finance and investment.
- Understand how information is used in the formation of prices in capital markets
- Calculate the cost of capital for basic situations
Managerial Judgment:
On completion of this component, students should be able to:
- Better understand o Cognitive biases and their remedies o The neurological source of gut feeling and how to use gut feeling in decision-making o The role that cognitive dissonance and self-justification play in distorting our perceptions and producing sub-optimal performance
- Use this knowledge to make better managerial decisions, be a more effective leader, avoid mistakes where possible and learn from mistakes that are made
Economics of Strategy:
On completion of this component, students should be able to:
- Appreciate the value of economic reasoning in solving business problems
- Possess fundamental economic analytical skills required in managerial decision-making
- Understand the difference in outcome between markets characterised by bargaining between agents and mass markets
- Apply fundamental insights from game theory to business situations
- Have the ability to predict outcomes and develop effective strategies in markets characterised by oligopoly and entry barriers, and in markets characterised by perfect competition
Seminar III:
On completion of this component, students should be able to:
- Understand and discuss contemporary and advanced issues in the field
- Recognise and apply global best practice models
Last updated: 31 January 2024
Eligibility and requirements
Prerequisites
Admission into the MC-BAEV Master of Business Administration
AND
Code | Name | Teaching period | Credit Points |
---|---|---|---|
BUSA90506 | Executive Management 2 | June (On Campus - Parkville) |
25 |
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Finance I: Contribution to class learning | Throughout the teaching period | 10% |
Finance I: Online preparation quizzes
| Staggered throughout the module | 10% |
Finance I: Mini-case syndicate report
| First half of the module | 10% |
Finance I: Syndicate case report
| Second half of the module | 35% |
Finance I: Final examination (1500 words)
| At the end of the module | 35% |
Managerial Judgment: Contribution to class learning (attendance at lectures, peer and instructor evaluation of contribution to class learning) | Throughout the teaching period | 20% |
Managerial Judgment: Final examination (2500 words)
| At the end of the module | 80% |
Economics of Strategy: Contribution to class learning (attendance at lectures, peer and instructor evaluation of contribution to class learning) | Throughout the teaching period | 20% |
Economics of Strategy: Final examination (2500 words)
| At the end of the module | 80% |
Seminar III: Class Participation (attendance at lectures, peer and instructor evaluation of contribution to class learning) | Throughout the teaching period | 10% |
Seminar III: Individual Assessment (Module Reflection & Application). The Individual Assessment underpins the critical application of ideas in the module to workplace practice. It is a reflective, integrative element that crystallises the executive-level learning experience.
| Two weeks after completion of the residential module | 90% |
Hurdle requirement: Students are required to pass the assessments to pass the subject | N/A |
Additional details
The components Finance I, Managerial Judgment and Economics of Strategy are equally weighted as 30% each. Seminar III is weighted as 10%. In order to pass the subject, students are required to pass each component.
Last updated: 31 January 2024
Dates & times
- August
Mode of delivery On Campus (Parkville) Contact hours 60 hours Total time commitment 280 hours Pre teaching start date 13 August 2022 Pre teaching requirements students are required to complete approximately 15 hours of readings to prepare for the subject during the pre-teaching period Teaching period 20 August 2022 to 28 August 2022 Last self-enrol date 15 August 2022 Census date 22 August 2022 Last date to withdraw without fail 23 August 2022 Assessment period ends 28 August 2022
Time commitment details
280 hours
Additional delivery details
Students are requried to undertake 30 hours of reading during the pre-teaching period. Reading material will be available via reading packs.
Last updated: 31 January 2024
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Subject notes
This subject is ONLY available to students enrolled in the Master of Business Administration (MC-BAEV) course.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Business Administration
Last updated: 31 January 2024