Subject description
This subject introduces students to essential macroeconomic and microeconomic ideas, models and reasoning. This economic knowledge is used to explore important questions such as, is economics a value free science?, do individuals behave rationally?, how and why do market structures vary across different industries and why is this knowledge important?, … For more content click the Read More button below.
Equivalence
WUCB160 - Economic Essentials for Business
Tutorial enrolment
Students can enrol online via the Tutorial Enrolment link in SOLS
Delivery
To view information specific to your campus, click on Select availability in the top right of screen and choose from the campus, delivery mode and session options.
Learning outcomes
On successful completion of this subject, students will be able to:
1.
Use data and simple economic models to better understand economic and social phenomena
2.
Present brief but coherent oral and written explanations of basic economic and social phenomena
3.
Explain the importance of key assumptions and value judgments to the formation of economic knowledge and policy
4.
Analyse, and present a comprehensive written report on, the likely consequences of a given economic policy change or shock
5.
Begin to develop an understanding of the challenges facing private and public sector leaders in meeting stakeholder expectations, social and environmental responsibilities
6.
Use simple models and relevant data to make informed judgments and predictions about the likely impacts of specific government economic and social policies
Assessment details
Weekly assignment
Mid session exam
Report
Final exam
Work integrated learning
Foundational WIL:This subject contains elements of "Foundational WIL". Students in this subject will observe, explore or reflect on possible career pathways or a work-related aspect of their discipline.
Textbook information
No prescribed textbooks for this subject.