Economics
Duration
One Semester or equivalent
Contact hours
- 36 hours
2021 teaching periods
Hawthorn
Higher Ed. Semester 1 | Higher Ed. Semester 2 | |
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Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Swinburne Online
Teaching Period 2 | ||
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Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Prerequisites
Nil
Corequisites
Nil
Aims and objectives
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.
Student who successfully complete this unit will be able to:
1 Apply coherent and advanced knowledge of the workings of markets.
2 Apply problem solving methodologies to provide innovative solutions to pricing and output decisions.
3 Critically analyse and apply key economic principles relevant to managerial decision making.
4 Critically analyse current economic issues and policies using a systematic framework.
Courses with unit
A unit of study in the following courses:
Master of Business Administration (International) [Sarawak].
This unit was previously coded HBE613.
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Scheduled hours: Workshop (12 x 3 hours)
Other Student workload: Other activities including independent study and assessment tasks for a total of approximately 150 hours
Online:
Synchronous Online Tutorials (12 x 2 hrs)
Students are expected to spend 4 hrs per week in engagement online with learning activities and discussion boards; and other activities including independent study and assessment tasks for a total of approximately 150 hours.
Assessment
1. Online Assessment (Individual) 20-30%
2. Assignment (Group) 10-20%
3. Final Exam (Individual) 50-70%
2. Assignment (Group) 10-20%
3. Final Exam (Individual) 50-70%
General skills outcomes
This unit aims to achieve the following in our students
• Analysis skills
• Problem solving skills
• Communications skills
• Ability to tackle unfamiliar problems, and
• Ability to work independently
Content
• 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.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.