bus5poe principles of economics
PRINCIPLES OF ECONOMICS
BUS5POE
2015
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 simple stylised examples. The subject relates economic theories to practice using a framework 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
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Economics | Prescribed | McTaggart, Douglas, Findlay, Christopher Parkin, Michael. | PEARSON 2013 |
Graduate capabilities & intended learning outcomes
01. To understand the economic way of decision-making with different dimensions.
- Activities:
- TBA
02. To understand the economics of bilateral and multilateral negotiations.
- Activities:
- TBA
03. To understand the economics of simple market pricing, pricing strategies and strategic pricing.
- Activities:
- TBA
04. To understand basics of macroeconomics relevant to business environment
- Activities:
- TBA
Subject options
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Melbourne, 2015, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorJan Libich
Class requirements
LectureWeek: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
TutorialWeek: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 1-hour mid-semester examination | 20 | 01, 02, 03, 04 | |
| One 3-hour final examination | 50 | 01, 02, 03, 04 | |
| Tutorial participation | 5 | 01, 02, 03, 04 | |
| Two problem sets | 25 | 01, 02, 03, 04 |