ECM5953 · Economics

Overview

In this unit you will explore: Microeconomics: scarcity, economic choice, economic systems, economic ideology, demand and supply analysis, consumer behaviour and elasticity, costs of production and profit maximisation, and perfect competition and monopoly. Macroeconomics: aggregate demand and aggregate supply, Keynesian versus Neoclassical approaches, the money market and monetary policy, the government budget deficit and fiscal policy, the foreign exchange market and exchange rate policy, unemployment and inflation, and current and capital accounts.

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. analyse the interdependence of economic actors and how economic principles shape market outcomes to affect consumers, producers, and society
2. evaluate how various market structures drive economic decision-making and impact outcomes for firms and their stakeholders
3. assess economic indicators and their interactions to determine implications for economic stability, growth, and decision-making by governments and policymakers.

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.