Availabilities:

2021 unit offering information will be available in September 2020

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. 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.

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
On completion of this unit, students should be able to:GA1GA2GA3GA4GA5GA6GA7
1apply microeconomic and macroeconomic theory to understanding the behaviour of consumers, businesses, governments and other organisationsIntellectual rigourKnowledge of a discipline
2assess the impacts of economic activity on business, society and the natural environment to inform business decisions applying economic tools and conceptsIntellectual rigourCreativityKnowledge of a discipline
3evaluate the likely impacts on business of various macroeconomic considerations and government policy settings in an open economy to inform business decisionsIntellectual rigourCreativityKnowledge of a discipline
4analyse business and economic data and interpret quantitative analysis to inform business decisions using quantitative analytic techniques.Intellectual rigourKnowledge of a discipline

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

  1. apply microeconomic and macroeconomic theory to understanding the behaviour of consumers, businesses, governments and other organisations
    • GA1: Intellectual rigour
    • GA4: 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
    • GA1: Intellectual rigour
    • GA2: Creativity
    • GA4: 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
    • GA1: Intellectual rigour
    • GA2: Creativity
    • GA4: Knowledge of a discipline
  4. analyse business and economic data and interpret quantitative analysis to inform business decisions using quantitative analytic techniques.
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline

Teaching and assessment

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 2021 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.

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