Offered
Gippsland First semester 2008 (Off-campus)
Synopsis
An introduction to the study of economics; basic microeconomics; basic macroeconomics; revision.
Objectives
The learning goals associated with this unit are to:
- develop analytical skills through the rigorous use of geometric models
- understand the main microeconomic issues associated with the decision making by individual consumers and firms
- recognise the welfare and efficiency implications for society of government microeconomic policy decisions
- appreciate and debate the main macroeconomic issues of inflation, unemployment and economic growth
- critically analyse government policy responses to various issues within the open economy context of Australia.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%