Leader: Professor Chongwoo Choe and Dr Siang Ng
Offered
Caulfield First semester 2008 (Day)
Caulfield First semester 2008 (Evening)
Caulfield Second semester 2008 (Day)
Synopsis
Economics as an area of knowledge. Economics in a business degree. Understanding economic policy. An analysis of markets: supply and demand; consumer behaviour; firm behaviour; cost of production and profit maximisation; behaviour of firms in different market structures; evaluation of market capitalist economic systems, economic efficiency, market failure, government failure; current economic policies, competition policy, privatisation and the funding of education.
Assessment
Within semester assessment: 50%, Examination (2 hours): 50%
Contact hours
3 hours per week
Prohibitions
ECF2100 and PMM2020
