Unit aim

Focuses on aspects of microeconomics and macroeconomics of most relevance to managers. The main themes are the market system and what it can accomplish; limitations and failures of markets; government policies and other factors in the macroeconomic environment impacting on business; how issues and government policies with respect to the international economy impact on business. Quantitative analytic techniques for business and economics are introduced and applied.

Unit content

1. Economics foundations

2. Statistics for economists

3. Demand, supply and elasticity

4. Profits, costs and factors of production

5. Competitive firm

6. Monopoly

7. Externalities, public goods and the public sector

8. Gross domestic product

9. Unemployment and inflation

10. Simple linear regression

11. Multiple linear regression

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 3

  • Students are encouraged to purchase the online version of the text, which includes Wiley Learning Space (WLS) (http://www.wileydirect.com.au/buy/principles-of-economics-2nd-australian-edition/). WLS includes an electronic version of the text plus additional videos and animations of key economics concepts (for additional details refer to MySCU). Otherwise, you can purchase the print version: Stiglitz JE, Walsh CE, Gow J, Guest R, Richmond W, Tani M, 2016, Principles of Economics, 2nd edn, Wiley, Queensland, Australia. ISBN: 978-0-7303-1985-6.
Prescribed texts may change in future study periods.

Teaching and assessment

Gold Coast

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz10%
Quiz20%
Quiz30%
Report40%

Melbourne

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz10%
Quiz20%
Quiz30%
Report40%

New Zealand - MIT

Teaching method
Workshop on-site
Assessment
Quiz10%
Quiz20%
Quiz30%
Report40%

New Zealand - MIT

Teaching method
Workshop on-site
Assessment
Quiz10%
Quiz20%
Quiz30%
Report40%

Online

Teaching method
Lecture online 1 hour (12 weeks)
Assessment
Quiz10%
Quiz20%
Quiz30%
Report40%

Papua New Guinea - Air Niugini

Teaching method
Structured online learning
Assessment
Quiz10%
Quiz20%
Quiz30%
Report40%

Perth

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz10%
Quiz20%
Quiz30%
Report40%

Singapore - MDIS

Teaching method
Workshop on-site
Assessment
Quiz10%
Quiz20%
Quiz30%
Report40%

Sydney

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Quiz10%
Quiz20%
Quiz30%
Report40%
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 2017 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.