Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
The unit introduces students to the essentials of economic theories and reasoning. It is designed for students who have little or no learning experience in the field of economics and are unlikely to undertake advanced studies in this field. The unit is presented in two main parts: The first part introduces students to microeconomics principles and tools required by firms, individuals and households in their decision-making processes. The second part introduces students to macroeconomic issues including aggregate economic indicators and policies that are of interest to firms, individuals, households, and governments.
Within semester assessment: 50%
Minimum total expected workload to achieve the learning outcomes for this unit is 150 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. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Introductory microeconomics, Introductory macroeconomics