This course is taught in two parts: Part A - Financial Systems over the first seven weeks, and Part B - Economic  Systems over the last six weeks of semester.

The Part A Financial systems segment focuses on accounting and financial management concepts and principles. This course equips students with methodologies to identify and analyse accounting information for making sound financial decisions in real business settings.

The Part B Economic systems segment of the course will provide an introduction to the economic principles which underlie decisions on private and public investment. These principles will be used to analyse relevant issues such as choice of capacity, pollution and public goods, safety standards and patents. Mathematical models will be used to inform the analysis.

The objectives of Part A of the course are to equip you with the following skills:

1. Understanding of basic accounting processes and financial statements.

2. Analysis and interpretation of financial statements with regard to key aspects of performance such as profitability, solvency and liquidity.

3. Understanding cost behaviour and methods of assigning costs to production.

4. Identifying and measuring relevant costs when making business decisions.

5. Evaluation of investment opportunities, including the use of net present value analysis and budgeting.

The aims and objectives of Part B: Economic Systems are:

1. Identify important economic principles, state the reasons for their importance and discuss their influence on economic ways of thinking.

2. Then apply those principles to real world issues through case work drawn from private and public sector examples.

Part A Tasks:

Class Quizzes - 12%

Mid-semester examination - 38%

Part B: Tasks

Assignments - 15%

Final Examination - 35%

Typically, a student enrolled in a 6 unit course can reasonably be expected to allocate 10-12 hours a week to the course, including contact hours. This will include:

• 2 hours a week: lecture
• 1 hour a week: tutorial
• 7-9 hours a week: reading, research, self-study, tutorial preparation, writing and assignment preparation.

12 units of 1000-series mathematics or statistics courses

BUSN1001

For further information please refer to course website