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BCFN01-006: Introduction to Economics

Description

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.

Subject details

TypePathways
CodeBCFN01-006
EFTSL0.125
FacultyBond University College
Semesters offered
  • September 2019 [Standard Offering]
  • January 2020 [Standard Offering]
  • May 2020 [Standard Offering]
Credit10
Study areas
  • University Preparation & Diploma
Subject fees
  • Commencing in 2019: $3,500
  • Commencing in 2020: $3,680

Learning outcomes

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.

Enrolment requirements

Requisites: ?

Nil

Restrictions: ?
  • Study Abroad Students

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 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
Standard Offering
Enrolment opens10/11/2019
Semester start13/01/2020
Subject start13/01/2020
Cancellation 1?27/01/2020
Cancellation 2?03/02/2020
Last enrolment26/01/2020
Withdraw – Financial?08/02/2020
Withdraw – Academic?29/02/2020
Teaching census?07/02/2020