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Prerequisite(s)

Nil


Corequisite(s)

Nil


Course aim

To introduce students to the meaning and application of fundamental economic principles.

Course content

The economic decisions faced by individuals, households, firms and governments and the role of a mixed market economy in resource allocation decisions in the macroeconomy; analysis of prices and output determination in the context of markets and incentives; market structures, competition policy and its implication for the general economy; the strengths and weaknesses of the market mechanism and the role of public policy; Australia and the fundamental relationships in its macroeconomy; Gross Domestic Product, unemployment and inflation; business cycles; significance of international trade; introductory macroeconomic models; the role of government and economic policy; and economic analysis of contemporary economic issues.


Teaching method

ComponentDuration
External, City West
External13 weeks x N/A
Internal, Taylor's Business School, Offshore
Lecture2 hours x 14 weeks
Tutorial2 hours x 14 weeks
Internal, City West
Lecture2 hours x 13 weeks
Tutorial1 hour x 13 weeks
Internal, Mawson Lakes
Lecture2 hours x 13 weeks
Tutorial1 hour x 12 weeks
Internal, Mt Gambier
Lecture2 hours x 13 weeks
Tutorial1 hour x 12 weeks
Internal, Whyalla
Lecture2 hours x 13 weeks
Tutorial1 hour x 12 weeks
Internal, Hong Kong Baptist University, Offshore
Lecture2.5 hours x 8 days
Tutorial10 hours x across 14 weeks

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.


Assessment

TaskLengthWeightingDuration
External, City West
Assignment500 words5%N/A
Assignment1000 words25%N/A
Test (three online multiple choice tests) N/A20%Maximum 2 hours
Written examinationN/A50%3 hours
Internal, Taylor's Business School, Offshore
Assignment500 words5%N/A
Assignment1000 words25%N/A
Test (three online multiple choice tests) N/A20%Maximum 2 hours
Written examinationN/A50%3 hours
Internal, City West
Assignment500 words5%N/A
Assignment1000 words25%N/A
Test (three online multiple choice tests) N/A20%Maximum 2 hours
Written examinationN/A50%3 hours
Internal, Mawson Lakes
Assignment500 words5%N/A
Assignment1000 words25%N/A
Test (three online multiple choice tests) N/A20%Maximum 2 hours
Written examinationN/A50%3 hours
Internal, Mt Gambier
Assignment500 words5%N/A
Assignment1000 words25%N/A
Test (three online multiple choice tests) N/A20%Maximum 2 hours
Written examinationN/A50%3 hours
Internal, Whyalla
Assignment500 words5%N/A
Assignment1000 words25%N/A
Test (three online multiple choice tests) N/A20%Maximum 2 hours
Written examinationN/A50%3 hours
Internal, Hong Kong Baptist University, Offshore
Assignment500 words5%N/A
Assignment1000 words25%N/A
Test (three online multiple choice tests) N/A20%Maximum 2 hours
Written examinationN/A50%3 hours

Fees

EFTSL*: 0.1250
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
How to determine your Commonwealth Supported course fee. (Opens new window)

Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the Division offering the course. To determine the cost of this course, go to:
How to determine the relevant non award tuition fee. (Opens new window)

Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation


Course coordinator(s)

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