Unit of Study ECON1001 Economics for Decision Making (2024)

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Unit Snapshot

Unit type

UG Coursework Unit
Credit points

12
Faculty & College

Faculty of Business, Law and Arts
Placement

No

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

Module 1: Foundations of microeconomics

Module 2: Market structures

Module 3: Market failure and government intervention

Module 4: Foundations of macroeconomics

Module 5: The financial system in Australia

Module 6: Financial market structures

Availabilities

Location	Domestic	International
China - TUST	N/A	Dual Term2
Gold Coast	Term2,4	Term2,4
Melbourne	N/A	Term2,4
Online	Term2,4	Term2,4
Papua New Guinea - IBSU Port Moresby	N/A	Term2
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.

Teaching and assessment

Teaching method

Residential

Assessment
Quiz	20%
Short written response	30%
Report	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Short written response	30%
Report	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Short written response	30%
Report	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Short written response	30%
Report	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Short written response	30%
Report	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 Hours (Weekly)

Assessment
Quiz	20%
Short written response	30%
Report	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Short written response	30%
Report	50%

Prescribed learning resources

Prescribed Texts

Hubbard, RG, Garnett, AM, Lewis, P, O’Brien, A, 2021, Essentials of Economics, 5th edn, Pearson, Australia. ISBN: 9780655702870 (print version); 9780655705833 (eBook).

Prescribed Resources/Equipment

Students need access to a computer with a webcam and reliable internet connection.

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 Resources/Equipment

Students need access to a computer with a webcam and reliable internet connection.

Prescribed Texts

Hubbard, RG, Garnett, AM, Lewis, P, O’Brien, A, 2021, Essentials of Economics, 5th edn, Pearson, Australia. ISBN: 9780655702870 (print version); 9780655705833 (eBook).

Prescribed Resources/Equipment

Students need access to a computer with a webcam and reliable internet connection.

Prescribed Learning Resources may change in future Teaching Periods.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.

Fee paying courses
For postgraduate or undergraduate full-fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees.

Find out more for domestic fees

International

Please check the international course and fee list to determine the relevant fees.

Find out more for international fees

Any questions?
We'd love to help

Unit of Study ECON1001 Economics for Decision Making (2024)

Show me unit information for year

Unit Snapshot

Unit type

Credit points

Faculty & College

Placement

Unit description

Unit content

Availabilities

Learning outcomes

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

Teaching and assessment

China - TUST (Dual Term)

Gold Coast (Term)

Melbourne (Term)

Online (Term)

Papua New Guinea - IBSU Port Moresby (Term)

Perth (Term)

Sydney (Term)

Prescribed learning resources

Dual Term 2

Term 2

Term 4

Fee information

Domestic

International

Courses that offer this unit

Any questions? We'd love to help

Any questions?
We'd love to help