ENV412F

Introduction to economics

(ENG)

Associate Professor Ian Wills

4 points + Two hours per week + First semester + Clayton

Synopsis: Concepts of demand, costs, supply and market power. Market and price determination. The costs of market exchange. Interactions between the economy and the environment. Costs of market exchange as a barrier to market signals and incentives. The advantages and disadvantages of government planning as an alternative signalling and incentive system.

Assessment: Written assignment (1000 words): 30% + Essay (750 words: 20% + Examination (100 minutes): 50%