Unit description

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. Economic Foundations, Demand and Supply, Elasticity of Demand
  2. Production and costs, The Perfectly Competitive Firm and Monopoly
  3. Economic Efficiency and Labour Markets
  4. Macroeconomic Foundations, Monetary Policy and Fiscal Policy
  5. Basic Statistics and Simple Linear Regression
  6. 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

Study Period 2

  • Hubbard, RG, Garnett, A, Lewis, P & O'Brien, AP, 2013, Essentials of Economics, 2nd edn, Pearson, NSW. ISBN: 9781442558069.

Study Period 6

  • Hubbard, RG, Garnett, A, Lewis, P & O'Brien, AP, 2013, Essentials of Economics, 2nd edn, Pearson, NSW. ISBN: 9781442558069.
Prescribed texts may change in future study periods.

Teaching and assessment

SCU Online (intensive)

Teaching method
Structured online learning _ (_)

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


Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2015 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


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