PRINCIPLES OF ECONOMICS

ECO5POE

Not currently offered

Credit points: 15

Subject outline

In this subject students are exposed to the economic way of thinking about decision making. The subject will introduce microeconomic and macroeconomic theories and principles and illustrate them by numerous examples. Importantly, the subject relates the theories to the real-world economy in a way suitable for students not majoring in economics.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorJan Libich

Available to Study Abroad StudentsYes

Subject year levelYear Level 5 - Masters

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsEconomicsPrescribedGans/King/Stonecash/Byford/Libich/Mankiw Principles of Economics: Australia and New Zealand Edition, 6th EditionCengage 2014

Graduate capabilities & intended learning outcomes

01. To understand the economic way of decision-making with different dimensions.

Activities:
Lecture and tutorials

02. To understand the economics of bilateral and multilateral negotiations.

Activities:
Lecture and tutorials

03. To understand the economics of simple market pricing, pricing strategies and strategic pricing.

Activities:
Lecture and tutorials

04. To understand basics of macroeconomics relevant to business environment

Activities:
Lecture and tutorials

Subject options

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Subject not currently offered - Subject options not available.