Unit of Study ECON5003 Economics (2024)

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Unit Snapshot

Unit type

PG Coursework Unit
Credit points

12
Faculty & College

Faculty of Business, Law and Arts
Placement

No

Unit description

Focuses on aspects of microeconomics and macroeconomics of most relevance to managers. The main themes are the market system and what it can accomplish; limitations and failures of markets; government policies and other factors in the macroeconomic environment impacting business; how issues and government policies with respect to the international economy impact on business.

Unit content

Module 1: Foundations of microeconomics
Module 2: Market structures
Module 3: Market failure and government intervention
Module 4: Found of macroeconomics
Module 5: Government policy instruments
Module 6: Financial market structures

Availabilities

Location	Domestic	International
Gold Coast	Term3	Term3
Melbourne	Term3	Term3
Online	Term3	Term3
Perth	Term3	Term3
Sydney	Term3	Term3

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:

critically apply microeconomic principles and tools to understand and assess the behaviour of consumers, business and governments.

critically apply macroeconomic principles and tools to understand and assess the behaviour of consumers, business and governments.

analyse and evaluate the likely economic impacts of various micro and macro policy settings.

Teaching and assessment

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

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