ECX9140

Principles of microeconomics and macroeconomics

(BUS)

Dr Judith Rich

6 points + Caulfield and flexible delivery + one semester per year

Synopsis: An introduction to the principles of microeconomic and macroeconomic theory illustrating the application of these principles to understanding household, business and government decision and policy choices. It considers the basis of economic transactions; the economist's concept of cost; supply of and demand for products and inputs; the importance of information; economics and the environment; measures of aggregate economic performance; theories of national income determination; fiscal and monetary policy; the causes of economic growth; economic roles for governments.

Assessment: Essay (2000 words): 20% + Written assignments (2000 words): 20% + Examination (2 hours): 60%