ECF9530 - Economics
6 points, SCA Band 3, 0.125 EFTSL
Postgraduate Faculty of Business and Economics
Leader(s): Dr Mita Bhattacharya and Dr Rebecca Valenzuela
Microeconomics: scarcity; economic choice; economic systems; economic ideology; demand and supply analysis; consumer behaviour and elasticity; costs of production and profit maximisation; perfect competition and monopoly. Macroeconomics: aggregate demand and aggregate supply; Keynesian versus Neoclassical approaches; the money market and monetary policy; the government budget deficit and fiscal policy; the foreign exchange market and exchange rate policy; unemployment and inflation; the current and capital accounts.
The learning goals associated with this unit are to:
- have a basic understanding of the methodology and principles of economics
- have a basic understanding of micro and macro economics
- present arguments and make decisions in the economic environment.
Within semester assessment: 40%
Examination (2 hours): 60%
3 hours per week