Availabilities:
| Location | Domestic | International |
|---|---|---|
| Gold Coast | Term3 | Term3 |
| Melbourne | Term3 | Term3 |
| Online | Term3 | Term3 |
| Perth | Term3 | Term3 |
| Sydney | Term3 | Term3 |
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 business; how issues and government policies with respect to the international economy impact on business.
Unit content
- Foundations of microeconomics
- Market structures
- Market failure and government intervention
- Found of macroeconomics
- Government policy instruments
- 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 | critically apply microeconomic principles and tools to understand and assess the behaviour of consumers, business and governments. |
| 2 | critically apply macroeconomic principles and tools to understand and assess the behaviour of consumers, business and governments. |
| 3 | analyse and evaluate the likely economic impacts of various micro and macro policy settings. |
On completion of this unit, students should be able to:
- critically apply microeconomic principles and tools to understand and assess the behaviour of consumers, business and governments.
- critically apply macroeconomic principles and tools to understand and assess the behaviour of consumers, business and governments.
- analyse and 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.
Access to a computer with a webcam and reliable internet connection. Students will be required to complete an onboarding process to verify their identity before attempting the online exam in this unit.
Teaching and assessment
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.