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.
- Economic Foundations, Statistics for Economists, Demand and Supply
- Production and costs, the Perfectly Competitive Firm and Monopoly
- Externalities, Public Goods and the Public Sector
- Gross Domestic Product, Unemployment and Inflation
- Simple Linear Regression
- Multiple Linear Regression
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
|On completion of this unit, students should be able to:||GA1||GA2||GA3||GA4||GA5||GA6||GA7|
|1||apply microeconomic and macroeconomic theory to understanding the behaviour of consumers, businesses, governments and other organisations||Intellectual rigour||Knowledge of a discipline|
|2||assess the impacts of economic activity on business, society and the natural environment to inform business decisions applying economic tools and concepts||Intellectual rigour||Creativity||Knowledge of a discipline|
|3||evaluate the likely impacts on business of various macroeconomic considerations and government policy settings in an open economy to inform business decisions||Intellectual rigour||Creativity||Knowledge of a discipline|
|4||analyse business and economic data and interpret quantitative analysis to inform business decisions using quantitative analytic techniques.||Intellectual rigour||Knowledge of a discipline|
Study Period 2
- Students are encouraged to purchase the online version of the text, which includes Wilely 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, Second Edition, Wiley, Queensland Australia. ISBN: 978-0-7303-1985-6.
Teaching and assessment
SCU Online (intensive)
|Structured online learning _ (_)|
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2017 Commonwealth Supported only. Student contribution band: 3
Please check the international course and fee list to determine the relevant fees.