Handbook

Economics major for the Bachelor of Business

Economics provides an understanding of the operation of the economy at macro and micro levels. These include modern business, health care, the environment, the labour market, national economic policy and international monetary issues. You will learn general principles and tools which can be applied to a wide range of issues affecting the national and international economy. You will discuss the big issues including unemployment, the level of national debt, the existence of poverty and the problems confronting developing countries. You will study the three major components of Economics:

Macroeconomics, which focuses on the way the whole economy functions, examining issues such as economic growth, unemployment and interest rates.

Microeconomics, which focuses on the behaviour of individual components of the whole economy, such as consumers, companies, trade unions, employers' associations and the various levels of government.

Quantitative Methods, which focuses on quantitative and mathematical techniques and their application to business economics.