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.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Jan Libich
Available to Study Abroad Students: Yes
Subject year level: Year Level 5 - Masters
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: N/A
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: N/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Economics | Prescribed | Gans/King/Stonecash/Byford/Libich/Mankiw Principles of Economics: Australia and New Zealand Edition, 6th Edition | Cengage 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