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BCDP02-006: Principles of Economics

Description

Students are introduced to economic analysis and its applications. Topics include: decision making, analysis of constraints, analysis of benefits and costs, maximisation, competitive pressures and market forces, and public policy issues. By the end of the subject, successful students will be equipped with the tools of economics and prepared to address economic problems in their day to day lives, industry, politics, society, and the environment.

Subject details

TypeUndergraduate
CodeBCDP02-006
EFTSL0.125
FacultyBond Business School
Semesters offered
  • September 2019 [Standard Offering]
  • January 2020 [Standard Offering]
  • May 2020 [Standard Offering]
  • September 2020 [Standard Offering]
  • January 2021 [Standard Offering]
  • May 2021 [Standard Offering]
Credit10
Study areas
  • University Preparation & Diploma
Subject fees
  • Commencing in 2019: $3,680
  • Commencing in 2020: $3,920

Learning outcomes

1. Define economic concepts and apply these to economic problems using precise economic terminology and appropriate graphical and numerical representations.
2. Differentiate between perfect competition, monopoly and oligopoly and critique their implications for efficiency.
3. Evaluate a given market failure using appropriate microeconomic concepts and theory.
4. Relate interdependence with the gains from trade.
5. Interpret recent movements in key macroeconomic indicators of the national economy.

Enrolment requirements

Requisites: ?

Nil

Restrictions: ?
  • Study Abroad Students

Must be admitted into a Bond College Diploma Program.

This subject is not available as a general elective. To be eligible for enrolment, the subject must be specified in the students’ program structure.

Subject outlines

Subject dates

Standard Offering
Enrolment opens11/11/2018
Semester start14/01/2019
Subject start14/01/2019
Cancellation 1?28/01/2019
Cancellation 2?04/02/2019
Last enrolment27/01/2019
Withdraw – Financial?09/02/2019
Withdraw – Academic?02/03/2019
Teaching census?08/02/2019
Standard Offering
Enrolment opens18/03/2019
Semester start13/05/2019
Subject start13/05/2019
Cancellation 1?27/05/2019
Cancellation 2?03/06/2019
Last enrolment26/05/2019
Withdraw – Financial?08/06/2019
Withdraw – Academic?29/06/2019
Teaching census?07/06/2019
Standard Offering
Enrolment opens14/07/2019
Semester start09/09/2019
Subject start09/09/2019
Cancellation 1?23/09/2019
Cancellation 2?30/09/2019
Last enrolment22/09/2019
Withdraw – Financial?05/10/2019
Withdraw – Academic?26/10/2019
Teaching census?04/10/2019