10 cp Prerequisites Nil Incompatible ECON104 Business Economics Teaching Organisation 12 weeks or equivalent. This unit is offered in mixed-mode where there will be 16 hours of direct contact during the two residential periods consisting of lectures and tutorials/workshops. In addition, there will be an online component which will be undertaken between the two residential periods. Students are expected to spend approximately 150 hours in total for a 10 credit point unit.
This introductory unit provides a comprehensive analysis of the role of economics in society. It looks at economic methods and analysis; how a market system operates; how resources are allocated; the role of government and other institutions; and the impact on demand of changes in policy.