Overview

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Academic contacts

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Offerings

MURDOCH-S2-EXT-2019-ONGOING
MURDOCH-S2-INT-2019-ONGOING

Other learning activities

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Learning activities

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Learning outcomes

1.

Identify and explain Australia’s main global economic interactions with other countries.

2.

Analyse how political, cultural, ethical and social factors influence business and government decision-making and policies and reflect on their impact across different sectors.

3.

 Communicate relevant economic terminology, economic knowledge and policy analysis coherently and tailored to a diverse stakeholders.

4.

Research and evaluate real-world economic issues and policies, developing evidence-based conclusions.

5.

Apply economic concepts, models and tools to the analysis of current business decision-making and government policy issues.

Assessments

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Additional information

Unit content:

1. Overview of Economics
2. Market Demand and Supply
3. Elasticities and Pricing
4. Australia in a Global Context; Free Trade Agreements and Trade Blocs
5. Tariffs, Quotas and other Barriers to International Trade
6. Exchange Rates
7. Production Costs and Profit Maximisation
8. Market Structures, Competition and Efficiency
9. Market Failure and Environmental Policies
10. Public Choice Theory
11. Tax Principles, Distribution of Income and Government Social Policies
12. Macroeconomic Policy in a Domestic and Global Context