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China - TUSTN/A
Gold Coast
Term2,4
Term2,4
MelbourneN/A
Term2,4
Online
Term2,4
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PerthN/A
Term2,4
SydneyN/A
Term2,4

Unit description

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

  1. Foundations of microeconomics
  2. Market structures
  3. Market failure and government intervention
  4. Foundation of macroeconomics
  5. Government poly instruments
  6. Financial market structures

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.

On completion of this unit, students should be able to:
1apply microeconomic principles and tools to understand and assess the behaviour of consumers, business and governments
2apply macroeconomic principles and tools to understand and assess the behaviour of consumers, business and governments
3evaluate the likely economic impacts of various micro and macro policy settings.

On completion of this unit, students should be able to:

  1. apply microeconomic principles and tools to understand and assess the behaviour of consumers, business and governments
  2. apply macroeconomic principles and tools to understand and assess the behaviour of consumers, business and governments
  3. evaluate the likely economic impacts of various micro and macro policy settings.

Prescribed Learning Resources

Prescribed Texts
  • Hubbard, RG, Garnett, AM, Lewis, P, O’Brien, A, 2020, Essentials of Economics Pearson eText, 4th edn, Pearson Education Australia, Australia. ISBN: 9780655704386.

Prescribed Texts
  • Hubbard, RG, Garnett, AM, Lewis, P, O’Brien, A, 2020, Essentials of Economics Pearson eText, 4th edn, Pearson Education Australia, Australia. ISBN: 9780655704386.

Prescribed Texts
  • Hubbard, RG, Garnett, AM, Lewis, P, O’Brien, A, 2020, Essentials of Economics Pearson eText, 4th edn, Pearson Education Australia, Australia. ISBN: 9780655704386.

Prescribed Texts
  • Hubbard, RG, Garnett, AM, Lewis, P, O’Brien, A, 2020, Essentials of Economics Pearson eText, 4th edn, Pearson Education Australia, Australia. ISBN: 9780655704386.
Prescribed Learning Resources may change in future Teaching Periods

Teaching and assessment

Teaching method
Workshop
Assessment
Quiz20%
Short written response30%
Exam: open book50%

Teaching method
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Quiz20%
Short written response30%
Exam: open book50%

Teaching method
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Quiz20%
Short written response30%
Exam: open book50%

Teaching method
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Quiz20%
Short written response30%
Exam: open book50%

Teaching method
Tutorial 2 hours (Weekly)
Workshop 1 hour (Weekly)
Assessment
Quiz20%
Short written response30%
Exam: open book50%

Teaching method
Workshop 1 hour (Weekly)
Tutorial 2 Hours (Weekly)
Assessment
Quiz20%
Short written response30%
Exam: open book50%

Teaching method
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Quiz20%
Short written response30%
Exam: open book50%
Notice

Intensive offerings may or may not be scheduled in every teaching period. 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 teaching period.

Fee information

Domestic

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

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.

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