Availabilities:

LocationDomesticInternational
China - TUSTN/ASession 1
Coffs HarbourSession 2Session 2
Gold CoastSession 2Session 2
LismoreSession 2Session 2
MelbourneN/ASession 2
OnlineSession 2,3Session 2,3
Papua New Guinea - IBSU Port MoresbySession 2Session 2
PerthN/ASession 2
SydneyN/ASession 2

Unit aim

This unit introduces students to an understanding of price formation and market structures, the tools of economic analysis, the behaviour of the consumer, government and the firm and the external and internal forces influencing that behaviour, especially in the current Australian economic environment.

Unit content

Section 1: Microeconomics (Topics 1-6)
Topic 1: Introduction to Economics    
Topic 2: Market: Demand & Supply
Topic 3: Markets: Elasticity
Topic 4: Supply Decisions
Topic 5: Market structure: Perfect Market & Monopoly
Topic 6: Market Failure & Government Policy

Section 2: Macroeconomics (Topics 7-11)
Topic 7: Introduction to Macroeconomics
Topic 8: The Determinants of Gross Domestic Product
Topic 9: Money, Credit Creation & Inflation
Topic 10: The Global Economy
Topic 11: Monetary & Fiscal Policy

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

Learning outcomes and graduate attributes

Prescribed texts

Session 1

  • Please refer to optional online resources outlined below regarding the text/ebook package. The text is: Sloman, J, Norris, K & Garrett, D, 2014, Principles of Economics, 4th edn, Pearson Australia, Frenchs Forest, NSW. ISBN: 9781486005581 (paperback).

Session 2

  • Please refer to optional online resources outlined below regarding the text/ebook package. The text is: Sloman, J, Norris, K & Garrett, D, 2014, Principles of Economics, 4th edn, Pearson Australia, Frenchs Forest, NSW. ISBN: 9781486005581 (paperback).

Session 3

  • Prescribed text information is not currently available.
Prescribed texts may change in future study periods.

Teaching and assessment

China - TUST

Teaching method
Workshop on-site
Assessment
Short written response25%
Report25%
Exam: closed book50%

Coffs Harbour

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Short written response25%
Report25%
Exam: closed book50%

Gold Coast

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Short written response25%
Report25%
Exam: closed book50%

Lismore

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Short written response25%
Report25%
Exam: closed book50%

Melbourne

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Short written response25%
Report25%
Exam: closed book50%

Online

Teaching method
Lecture online 1 hour (12 weeks)
Assessment
Short written response25%
Report25%
Exam: closed book50%

Papua New Guinea - IBSU Port Moresby

Teaching method
Workshop on-site
Assessment
Short written response25%
Report25%
Exam: closed book50%

Perth

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Short written response25%
Report25%
Exam: closed book50%

Sydney

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Short written response25%
Report25%
Exam: closed book50%
Notice

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2019 Commonwealth Supported only. Student contribution band: 3

Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.