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Unit of Study ECO10250 - Economics for Decision Making (2015)

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Unit Snapshot

  • Co-requisites

      ECO00101 Macroeconomics AND ECO00102 Applied Microeconomics

Learning outcomes and graduate attributes

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:

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 define economics as a discrete field and discuss the major question explored within the discipline
2 apply demand and supply analysis to explain how prices and output are determined in different markets
3 classify and describe microeconomic reform in contemporary Australia
4 summarise the major determinants of the level of economic activity in the macro economy
5 recognise the key instruments of macroeconomic policy and describe their role in the Australian economy
6 discuss and examine Australia’s performance in the international economy.

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

  1. define economics as a discrete field and discuss the major question explored within the discipline
    • GA1:
    • GA4:
    • GA5:
  2. apply demand and supply analysis to explain how prices and output are determined in different markets
    • GA4:
    • GA5:
  3. classify and describe microeconomic reform in contemporary Australia
    • GA4:
  4. summarise the major determinants of the level of economic activity in the macro economy
    • GA1:
    • GA4:
    • GA5:
  5. recognise the key instruments of macroeconomic policy and describe their role in the Australian economy
    • GA1:
    • GA4:
    • GA6:
  6. discuss and examine Australia’s performance in the international economy.
    • GA4:

Prescribed learning resources

Prescribed Texts
  • No prescribed texts.

Prescribed Texts
  • No prescribed texts.

Prescribed Texts
  • No prescribed texts.

Prescribed Learning Resources may change in future Teaching Periods.