Economics
24 hours face to face + blended
One Semester or equivalent
Hawthorn, Online
Available to incoming Study Abroad and Exchange students
Overview
This unit is designed to provide students with skills and practice of understanding, interpreting and evaluating microeconomic and macroeconomic issues. In particular the unit focuses on developing students' ability to apply these skills to real world applications of relevance to accountants and other business professionals.
Requisites
Teaching Periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Semester 1
Location
Hawthorn
Start and end dates
26-February-2024
26-May-2024
26-May-2024
Last self-enrolment date
10-March-2024
Census date
31-March-2024
Last withdraw without fail date
12-April-2024
Results released date
02-July-2024
Semester 2
Location
Hawthorn
Start and end dates
29-July-2024
27-October-2024
27-October-2024
Last self-enrolment date
11-August-2024
Census date
31-August-2024
Last withdraw without fail date
13-September-2024
Results released date
03-December-2024
Learning outcomes
Students who successfully complete this unit will be able to:
- Apply coherent and advanced knowledge of the workings of markets
- Apply problem solving methodologies to provide innovative solutions to pricing and output decisions
- Critically analyse and apply key economic principles relevant to managerial decision making
- Critically analyse current economic issues and policies using a systematic framework
- Demonstrate analytical and research skills and group problem solving as applied to economic scenarios
Teaching methods
Hawthorn
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Face to Face Contact (Phasing out) Workshop | 3.00 | 12 weeks | 36 |
| Unspecified Learning Activities (Phasing out) Independent Learning | 9.50 | 12 weeks | 114 |
| TOTAL | 150 |
Swinburne Online
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Online Directed Online Learning and Independent Learning | 12.50 | 12 weeks | 150 |
| TOTAL | 150 |
Assessment
| Type | Task | Weighting | ULO's |
|---|---|---|---|
| Assessment | Individual | 20 - 30% | 1,2,3,4 |
| Assessment | Individual | 20 - 30% | 1,2,3,4 |
| Assignment | Group | 10 - 20% | 5 |
| Assignment | Individual | 10 - 20% | 5 |
| Examination | Individual | 50 - 70% | 1,2,3,4 |
| Examination | Individual | 50 - 70% | 1,2,3,4 |
Content
- General principles of Microeconomics
- Supply and demand
- Market behaviour
- Costs of production
- Four alternative market structures
- Market failure and resource allocation
- Measuring macroeconomic performance
- Determinants of macroeconomic performance
- Inflation and unemployment
- External balance and foreign exchange markets
- Government economic policies - fiscal and monetary policies
Study resources
Reading materials
A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.