Economics
Mr Erwin Waldman
6 points * 3 hours per week * First, second semester * Caulfield, In-house
Objectives On completion of this subject students will have a basic understanding of the methodology and principles of economics; have a basic understanding of micro and macro economics; be able to present arguments and make decisions in the economic environment. This unit is mainly for post-graduate conversion courses to qualify for admission to the professional accounting bodies.
Synopsis Analysing supply and demand; macro and microeconomics; intermediate price theory; market structure; competitive policy; the macroeconomy; the Keynesian model; government stabilisation policy and policy debates.
Assessment Assignment (3000 words): 20% * Mid-semester test (1 hour): 30% * Final examination (2 hours): 50%
Prescribe d texts
Baumol WJ and others Economics: Principles and policy Harcourt Brace Jovanovich, 1991
Swan C and others Study guide to `Economics: Principles and policy' Harcourt Brace Jovanovich, 1991