This is the first course in the Integrated First Year of the Bachelor of Commerce and offers students an introduction to business decision-making. Taking the perspective of a manager, students learn about economics, corporate responsibility, and legal principles to understand what organisational actors need to consider and what actions they might take. Fundamental economics principles inform managers to ask and answer questions about how the economy works, and how these principles influence the decisions that individuals and organisations make. Core legal principles guide managers to protect value for owners and other stakeholders, and to protect both managers and organisations from public and private legal actions arising from their decisions. Corporate responsibility principles direct managers to meet the organisation�s responsibilities to a range of stakeholders, and help explain why organisations may not always make the best decisions.
?COMM1100 is a prerequisite for COMM1150 Global Business Environments. An understanding of business decision-making is also beneficial to learn about value creation (COMM1180), how organisational resources are managed (COMM1170), and business-related problem-solving more broadly (COMM1110).
The Course Learning Outcomes (CLOs) are what you should be able to demonstrate by the end of this course, if you participate fully in learning activities and successfully complete the assessment items. CLOs also contribute to your achievement of the Program Learning Outcomes (PLOs), which are developed across the duration of a program for all students. More information on coursework PLOs is available under Policies and Support. PLOs are, in turn, directly linked to UNSW graduate capabilities and the aspiration to develop �globally focussed graduates who are rigorous scholars, capable of leadership and professional practice in an international community�.