units

ECB1101

Faculty of Business and Economics

18 September 2017 26 December 2024

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This unit entry is for students who completed this unit in 2016 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Faculty

Business and Economics

Organisational Unit

Department of Economics

Coordinator(s)

Associate Professor Lionel Frost

Offered

Berwick

  • First semester 2016 (Day)

Synopsis

An introduction to the study of economics; consumer behaviour; demand and supply and the operation of markets; market efficiency and welfare; welfare effects of international trade; public sector economics; the behaviour of firms and the organisation of an industry; market structures - perfect competition and monopoly; economies of the labour market.

Outcomes

The learning goals associated with this unit are to:

  1. understand the theoretical foundations of economics
  2. understand generic skills essential for progression to upper level units by applying rigorous thinking and understanding to analytical geometric models
  3. appreciate economics as an evolutionary science and its ability to address, in a microeconomic framework, the persistent social and economic problems confronted by society
  4. demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in this unit.

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Associate Professor Lionel Frost

Prohibitions

ECF1100, ECG1101, ECP1100, ECW1101, ECS1101