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.
Associate Professor Lionel Frost
- First semester 2017 (Day)
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.
The learning goals associated with this unit are to:
- understand the theoretical foundations of economics
- understand generic skills essential for progression to upper level units by applying rigorous thinking and understanding to analytical geometric models
- appreciate economics as an evolutionary science and its ability to address, in a microeconomic framework, the persistent social and economic problems confronted by society
- demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in this unit.
Within semester assessment: 40% + Examination: 60%
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