Managing Under Uncertainty

Course code GSBS6001Units 10Level 6000Faculty of Business and LawNewcastle Business School

Managing Under Uncertainty (MUU) develops introductory skills concerning managerial decision making. You will develop an understanding of decision making processes with a focus on critical judgment, analytical logical reasoning and creative problem solving. You will also be introduced to decision-making challenges and contexts that are faced by managers under incomplete information and bounded rationality.

Available in 2015

Newcastle City PrecinctTrimester 1, Trimester 2, Trimester 3
Sydney Bathurst StreetTrimester 1, Trimester 2, Trimester 3
UoN SingaporeTrimester 1, Trimester 2, Trimester 3
WebLearn GradSchoolTrimester 1, Trimester 2, Trimester 3
Previously offered in 2014
ObjectivesOn successful completion of the course you will be able to:
1. Recognise and articulate various decision making perspectives and techniques.
2. Use relevant literature to construct and support a written argument.
3. Apply critical judgment, analytical and logical reasoning, strategic thinking, and creative problem solving skills to decision making.
4. Reflect upon one's own managerial decision making and that of others.
ContentThis course includes but is not limited to the following topics:
1. Nature of decision making
2. Decision making processes
3. Uncertainty and risk in decision making
4. Personality and values in decision making
5. Ethics and ethical practice in decision making
6. Psychology of decision-making
7. Sociology of decision making
8. The social psychology of decision making
9. Professional reflective practice
10. Evaluation of decisions
Replacing Course(s)N/A
Industrial Experience0
Assumed KnowledgeThere is no assumed knowledge for this course.
Modes of DeliveryDistance Learning : IT Based
Flexible Delivery / Student Centred Learning
Internal Mode
Teaching MethodsLecture
Assessment Items
Essays / Written AssignmentsObservation Review
Individual Case Study Analysis
Personal Case Study Reflection
Contact HoursLecture: for 3 hour(s) per Week for Full Term
Timetables2015 Course Timetables for GSBS6001