Units / ECC1050
ECC1050 · Big ideas in economics
2026 Handbook6 credit pointsLevel 1Department of Economics
Last checked: 23 Aug 2026 UTCOverview
As economics is a social science that studies how society and individuals manage their limited resources, almost all pressing problems that humanity faces can be analysed through the lens of economics. This dedicated unit will introduce Bachelor of Economics students to the key conceptual developments and advancement in the discipline of economics over the past few centuries. You will learn in an innovative learning environment the various tools that economists develop and use to solve the puzzles and challenges in the world.
Offerings
| Campus | Teaching period | Mode |
|---|---|---|
| Clayton | First semester | Teaching activities are on-campus (ON-CAMPUS) |
Assessment
The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.
| # | Assessment | Type | Weight | Hurdle |
|---|---|---|---|---|
| 1 | 1 - Quiz / Test | Quiz / Test | 55% | — |
| 2 | 2 - Project | Project | 45% | — |
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Requisites
The Handbook lists no prerequisite, corequisite or prohibition for this unit.
Learning outcomes
- identify problems that the discipline of economics can answer
- describe the tools that economists develop to solve puzzles and problems that humanity faces
- apply the tools that economists develop to analyse social and economic problems
- utilise research skills to develop and communicate arguments in verbal and written forms
Workload
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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
| Activity | Duration |
|---|---|
| Workshops | 24 hours |
| Applied sessions | 24 hours |
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