ECI5953 · Regulation, prices and markets

Overview

This unit will highlight topics and concepts of microeconomics and macroeconomics. Microeconomics will cover: scarcity; economic choice; demand and supply analyses; market efficiency; consumer behaviour and elasticity; the theory of the firm; factors and costs of production; profit maximisation; types of market and competition. Macroeconomics will cover: aggregate demand and supply; unemployment and inflation; the money market; the government budget balance; balance of payments; fiscal and monetary policies; the foreign exchange market and exchange rate policy.

Offerings

Assessment

The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. have a basic understanding of the methodology and principles of economics
2. have a basic understanding of microeconomics and macroeconomics
3. present arguments and make decisions in economic environment.

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.

Student experience, not official rules. Nothing here changes what the Handbook says.