This subject looks at how society chooses to allocate its scarce resources to satisfy unlimited wants. We will examine the role played by households, firms and the government in the production and consumption of resources and the consequences flowing from various domestic and international economic management policies.
|Faculty||Bond University College|
1. Recognise and explain the relationship between different sectors of the economy and their impact on economic growth, using the circular flow of income model.
2. Identify and demonstrate the operation of the price mechanism in various markets throughout the economy, including goods, labour and stock markets.
3. Describe and analyse microeconomic decision-making, including that of households, businesses and governments.
4. Explain and evaluate the macroeconomic impacts of various monetary, fiscal and trade policy tools.
5. Interpret and analyse information presented in different forms and communicate using appropriate economic terminology.
6. Apply economic principles to practical examples, including contemporary economic issues and public policy.
|Withdraw – Financial?||08/02/2020|
|Withdraw – Academic?||29/02/2020|