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6 points, SCA Band 3, 0.125 EFTSL
Refer to the specific
census and withdrawal dates for the semester(s) in which this unit is offered.
Synopsis
An introduction to the study of economics; basic microeconomics; basic macroeconomics; revision.
Outcomes
The learning goals associated with this unit are to:
- develop analytical skills through the rigorous use of geometric models
- understand the main microeconomic issues associated with the decision making by individual consumers and firms
- recognise the welfare and efficiency implications for society of government microeconomic policy decisions
- appreciate and debate the main macroeconomic issues of inflation, unemployment and economic growth
- critically analyse government policy responses to various issues within the open economy context of Australia
- demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in this unit.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Chief examiner(s)
Mrs Judith Tennant
Prohibitions
ECF9530