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Unit Summary

Unit type

UG Coursework Unit

Credit points

12

Anti-requisites

ECO00101 Macroeconomics AND ECO00102 Applied Microeconomics

Unit aim

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

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 apply microeconomic principles and tools to understand and assess the behaviour of consumers, business and governments
2 apply macroeconomic principles and tools to understand and assess the behaviour of consumers, business and governments
3 evaluate the likely economic impacts of various micro and macro policy settings.

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

  1. apply microeconomic principles and tools to understand and assess the behaviour of consumers, business and governments
  2. apply macroeconomic principles and tools to understand and assess the behaviour of consumers, business and governments
  3. evaluate the likely economic impacts of various micro and macro policy settings.

Prescribed texts

  • No 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.

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

  • 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 may change in future teaching periods.