Key facts
UNE unit code: ECON434
*You are viewing the 2027 version of this unit which may be subject to change in future.
- Trimester 2 - On Campus
- Trimester 2 - Online
- Armidale Campus
- Yes
- No
- Yes
- 6
Unit information
Businesses are exposed to uncertainty, creating both opportunities and the risk of financial loss. In a rapidly changing business environment, it is critical to understand how to manage risks.
This unit will allow you to develop skills to assess business risk, identify its sources and management implications, and identify strategies and techniques available to cope with risk.
You will explore theories of decision making under uncertainty and analyse diversification of business risk. You will also examine futures and options markets.
When studying this unit, you will focus on risk management in agribusiness and agricultural production, but the theories and models employed can be applied to investment decision making in the broader economy.
Offerings
For further information about UNE's teaching periods, please go to Principal Dates.
| Teaching period | Mode/location |
|---|---|
| Trimester 2 | On Campus, Armidale Campus |
| Trimester 2 | Online |
*Offering is subject to availability
Intensive schools
There are no intensive schools required for this unit.
Enrolment rules
Notes
Students considering enrolment in ECON434 should be familiar with basic mathematical concepts such as arithmetic and algebra. If you are unsure, please contact the Unit Coordinator at emilio.morales@une.edu.au before enrolling.
Please refer to the student handbook for current details on this unit.
Unit coordinator(s)
Learning outcomes
Upon completion of this unit, students will be able to:
- critically assess how risk influences business decision making;
- critically review and apply criteria for making risky business decisions, using advanced microeconomic theory;
- master how to hedge on futures and options commodity markets using advanced analytical techniques; and
- master how to hedge on futures and options exchange rate markets.
Assessment information
Assessments are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
| Title | Must Complete | Weight | Offerings | Assessment Notes |
|---|---|---|---|---|
| Final Examination - Assurance Task | Yes | 50% | All offerings | There is a supervised exam during the teaching period in which you are enrolled. The exam will be offered online with supervision via webcam and screen sharing technology. Coordinated by UNE Exams Unit. Students must obtain at least 50% in the examination (and at least 50% overall) to receive a pass or better in the unit. |
| Mid-Trimester Examination - Assurance Task | Yes | 50% | All offerings | The exam will be offered online with supervision via webcam and screen sharing technology. Coordinated by UNE Exams Unit. Students must obtain at least 50% in the examination (and at least 50% overall) to receive a pass or better in the unit. |
Learning resources
Textbooks are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
Textbook information will be displayed approximately 8 weeks prior to the commencement of the teaching period. Please note that textbook requirements may vary from one teaching period to the next.
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