Availabilities:
| Location | Domestic | International |
|---|---|---|
| China - TUST | N/A | |
| Gold Coast | ||
| Melbourne | N/A | |
| Online | Term2 | |
| Papua New Guinea - IBSU Port Moresby | N/A | Term2 |
| Perth | N/A | |
| Sydney | N/A |
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
Module 1: Foundations of microeconomics
Module 2: Market structures
Module 3: Market failure and government intervention
Module 4: Foundation of macroeconomics
Module 5: Government poly instruments
Module 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: | |
|---|---|
| 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. |
On completion of this unit, students should be able to:
- apply microeconomic principles and tools to understand and assess the behaviour of consumers, business and governments
- apply macroeconomic principles and tools to understand and assess the behaviour of consumers, business and governments
- evaluate the likely economic impacts of various micro and macro policy settings.
Prescribed Learning Resources
- Hubbard, RG, Garnett, AM, Lewis, P, O’Brien, A, 2020, Essentials of Economics Pearson eText, 4th edn, Pearson Education Australia, Australia. ISBN: 9780655704386.
Students need access to a computer with a webcam and reliable internet connection, and will be required to complete an onboarding process to verify their identity before attempting the online exam in this unit. (This does not apply to IBSU (PNG) and TUST (Tianjin) students.)
- Hubbard, RG, Garnett, AM, Lewis, P, O’Brien, A, 2020, Essentials of Economics Pearson eText, 4th edn, Pearson Education Australia, Australia. ISBN: 9780655704386.
- No prescribed resources/equipment.
- Prescribed text information is not currently available.
- Prescribed resources/equipment information is not currently available.
Teaching and assessment
| Teaching method |
| Residential |
| Assessment | |
| Quiz | 20% |
| Short written response | 30% |
| Take Home Exam | 50% |
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.