ECON11-100: 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

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

Subject outlines

• May 2021 [Standard - ‎]
• January 2021 [Standard - ‎]
• September 2020 [Standard - Principles of Economics]
• May 2020 [Standard - Principles of Economics]
• January 2020 [Standard]
• September 2019 [Standard]
• May 2019 [Standard]
• January 2019 [Standard]
• September 2018 [Standard]
• May 2018 [Standard]
• January 2018 [Standard]
• September 2017 [Standard]
• May 2017 [Standard]

Subject dates