Program Overview

Unit of Study ECON5003 Economics

Unit Snapshot

• Unit type: PG Coursework Unit
• Credit points: 12
• Faculty & College: Faculty of Business, Law and Arts
• Placement: No

Unit Description

The unit 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: Foundations of macroeconomics
• Module 5: Government policy instruments
• Module 6: Financial market structures

Availabilities

Learning Outcomes

On completion of this unit, students should be able to:

• Critically analyse and apply microeconomic principles to evaluate the behaviour of consumers, firms, and governments
• Critically analyse and apply macroeconomic principles to evaluate the behaviour of consumers, firms, and governments
• Analyse and evaluate the likely economic impacts of various micro and macro policy settings

Teaching and Assessment

Gold Coast (Term)

Teaching Method

• Workshop 1 hour (Weekly)
• Tutorial 2 hours (Weekly)

Assessment

• Quiz: 20%
• Short written response: 30%
• Report: 50%

Online (Term)

Teaching Method

• Workshop 1 hour (Weekly)
• Tutorial 2 hours (Weekly)

Assessment

• Quiz: 20%
• Short written response: 30%
• Report: 50%

Prescribed Learning Resources

Term 3

• Prescribed Texts: Information not currently available
• Prescribed Resources/Equipment: Information not currently available

Fee Information

Domestic

• Commonwealth Supported courses: For information regarding Student Contribution Amounts, please refer to the relevant university policies
• Fee paying courses: For postgraduate or undergraduate full-fee paying courses, please check the relevant fee schedules

International

• Please check the international course and fee list to determine the relevant fees

Southern Cross University

Southern Cross University acknowledges and pays respect to the ancestors, Elders and descendants of the Lands upon which we meet and study. We are mindful that within and without the buildings, these Lands always were and always will be Aboriginal Land.