ECON8069 Business Economics
| Offered By | School of Economics |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | Economics |
| Offered in | First Semester, 2010, Second Semester, 2010, First Semester, 2011, and Second Semester, 2011 |
| Unit Value | 6 units |
| Course Description |
ECON8069/Business Economics introduces economic concepts and principles which are useful in understanding the general economic environment within which businesses and other organisations operate. Microeconomics examines how consumers and firms make decisions and how they interact with each other in markets. Topics covered include supply and demand, consumer and firm behaviour, price determination and the operation of markets, situations of market failure, and the impact and role of government on the economy. Macroeconomics studies the entire economy and its wellbeing. Macroeconomics looks at the effect of factors such as inflation, exchange rates, interest rates and trade on the well being and stability of the economy. Training in economic analysis will be provided in tutorial questions that cover material discussed in the previous lecture. |
| Learning Outcomes |
A key objective is to provide a solid understanding of basic economic principles and the ability to apply these tools and ideas, i.e., to think like an economist. |
| Indicative Assessment |
A midterm exam will count 25 % toward the course assessment. Two assignments will each contribute 12.5 % A final exam will contribute 50 % toward the final assessment |
| Workload | 12 hours per week. |
| Course Classification(s) | TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses. |
| Areas of Interest | Economics |
| Eligibility | At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree. |
| Incompatibility | ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 |
| Prescribed Texts |
Jackson, John, Ron McIver and Chris Bajada (2007), Economics Principles, 2nd ed. NSW, Australia: McGraw Hill Australia |
| Preliminary Reading |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8069 |
| Indicative Reading List |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8069 |
| Programs | Graduate Certificate in Management, Master of Business, Master of Commerce, Master of Professional Accounting, Master of Accounting, Master of Business Administration, and Master of Management |
| Other Information |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8069 |
| Academic Contact | See http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8069 |
The information published on the Study at ANU 2010 website applies to the 2010 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2009 website.
