ECON 1011 Principles of Economics
Credit Points 10
Legacy Code 200525
Coordinator Mamta Chowdhury Opens in new window
Description This unit is an introduction to economic concepts and contemporary economic issues. It introduces students to basic concepts such as markets and their operation, the behaviour of firms, the efficiency and potential failings of markets, the role of government, key macroeconomic problems such as recessions, inflation and unemployment, as well as contemporary fiscal and monetary policies. It illuminates concepts via application to contemporary economic issues and debates over different theoretical perspectives. This unit also exposes students to recent developments and policy controversies in economics.
School Business
Discipline Economics
Student Contribution Band HECS Band 4 10cp
Check your HECS Band contribution amount via the Fees page.
Level Undergraduate Level 1 subject
Equivalent Subjects ECON 1007 - Introductory Economics ECON 1009 - Microeconomics ECON 1010 - Principles of Economics ECON 1012 - Principles of Econnomics (WSTC)
Restrictions External offerings for this subject during Autumn and Spring are only available to students who are enrolled in a Property program or field of study.
Assessment
The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.
| Item | Length | Percent | Threshold | Individual/Group Task |
|---|---|---|---|---|
| Quiz | 60 minutes each | 20 | N | Individual |
| Portfolio | 15 minutes each | 10 | N | Group |
| Short Answer | 1,000 words | 20 | N | Individual |
| Final Exam | 2 hours | 50 | Y | Individual |
Prescribed Texts
- Sloman, J, Norris, K & Garrett, D 2014, Principles of economics, 4th edn, Pearson.
Teaching Periods