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Unit of Study ECON1001 - Economics for Decision Making (2022)

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Unit Snapshot

  • Anti-requisites

    ECO00101 Macroeconomics AND ECO00102 Applied Microeconomics

  • Enrolment information

    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

  1. Foundations of microeconomics
  2. Market structures
  3. Market failure and government intervention
  4. Foundation of macroeconomics
  5. Government poly instruments
  6. Financial market structures

Availabilities

Location Domestic International
China - TUST N/A
Session1
Gold Coast
Term2,4
Term2,4
Melbourne N/A
Term2,4
Online
Term2,4
Term4
Papua New Guinea - IBSU Port Moresby
Session2
Session2
Perth N/A
Term2,4
Sydney N/A
Term2,4

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:

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

Prescribed Texts
  • Hubbard, RG, Garnett, AM, Lewis, P, O’Brien, A, 2020, Essentials of Economics Pearson eText, 4th edn, Pearson Education Australia, Australia. ISBN: 9780655704386.

Prescribed Texts
  • Hubbard, RG, Garnett, AM, Lewis, P, O’Brien, A, 2020, Essentials of Economics Pearson eText, 4th edn, Pearson Education Australia, Australia. ISBN: 9780655704386.

Prescribed Texts
  • Hubbard, RG, Garnett, AM, Lewis, P, O’Brien, A, 2020, Essentials of Economics Pearson eText, 4th edn, Pearson Education Australia, Australia. ISBN: 9780655704386.

Prescribed Texts
  • Hubbard, RG, Garnett, AM, Lewis, P, O’Brien, A, 2020, Essentials of Economics Pearson eText, 4th edn, Pearson Education Australia, Australia. ISBN: 9780655704386.

Prescribed Learning Resources may change in future Teaching Periods.