Credit Points: 15

Prerequisite: N/A

Co-requisite: N/A

Workload: 36 contact hours

Campus: Melbourne, Sydney

Aims & Objectives

This is a first-year core unit offered in the Bachelor of Business program. The unit provides a pathway for students to continue on with a major in Management, Marketing and Accounting. For Course Learning Outcomes and further information relating to Bachelor of Business programs please visit our website: http://www.mit.edu.au/study-with-us/programs/bachelor-business.

The unit provides an introduction to the underlying concepts and objectives of business law.  Emphasis is placed on both theoretical and practical aspects of business law. The course aims to provide the students with an overall understanding of business and law in Australia today.

The unit topics include:

  1. Australian legal system
  2. How laws are developed
  3. Tort law and insurance
  4. Contract law
  5. Australian consumer law and restrictive trade practices
  6. Business structures

Learning Outcomes

At the completion of this unit students should be able to:

  1. Discuss the Australian Legal System and how laws are developed and implemented
  2. Evaluate the main issues relating to business crime and business issues
  3. Apply legislation and case law to practical and theoretical problems in tort, insurance, contract law, consumer and restrictive trade
  4. Apply electronic commerce and intellectual property principles to practice and theoretical problems
  5. Demonstrate an understanding of the main business structures which are permissible within the Australian legal system

These Unit Learning Outcomes are mapped onto AQF Level 5


Teaching Method

Lecture: 2 hours
Tutorial/Workshop: 1 hour

Assessment

Assessment Task
Learning Outcomes Assessed
Weighting
Contribution in class   10%
Class test a-e* 10%
Case resolution report a-e* 10%
Case law presentation (group) a-e* 10%
Weekly Q & A (recording in workbook) a-e* 10%
Final Examination (3 hours) a-e* 50%
Total   100%

*refer to learning outcomes above.

Textbook

Graw, S., Parker, D., Whitford, K., Sangkuhl, E., Do, C. (2017). Understanding Business Law, 8th edition. NSW, Australia: Lexis Nexis Butterworths


Reference Reading

Hanrahan, P., Ramsay, I. & Stapledon, G. (2016). Commercial Applications of Company Law. Melbourne: Oxford University Press

MIT is committed to ensure the course is current, practical and relevant so that graduates are “work ready” and equipped for life-long learning. In order to accomplish this, the MIT Graduate Attributes identify the required knowledge, skills and attributes that prepare students for the industry.
The level to which Graduate Attributes covered in this unit are as follows:

Ability to communicate Independent and Lifelong Learning Ethics Analytical and Problem Solving  Cultural and Global Awareness Team work Specialist knowledge of a field of study
             

Legend

Colour coding    

Extent covered

                                The standard  is covered by theory and practice, and addressed by assessed activities in which the students always play an active role, e.g. workshops, lab submissions, assignments, demonstrations, tests, examinations
  The standard is covered by theory or practice, and addressed by assessed activities in which the students mostly play an active role, e.g. discussions, reading, intepreting documents, tests, examinations
  The standard is discussed in theory or practice; it is addressed by assessed activities in which the students may play an active role, e.g. lectures and discussions, reading, interpretation, workshops, presentations 
  The standard is presented as a side issue in theory or practice; it is not specifically assessed, but it is addressed by  activities such as lectures or tutorials
  The standard  is not considered, there is no theory or practice or activities associated with this standard