Introduction to Economics (11175.2)
Available teaching periods | Delivery mode | Location |
---|---|---|
View teaching periods | On-campus Online Online self-paced |
Bruce, Canberra UC College, Bruce, ACT |
EFTSL | Credit points | Faculty |
0.125 | 3 | Faculty Of Business, Government & Law |
Discipline | Study level | HECS Bands |
Canberra School Of Politics, Economics And Society | Level 1 - Undergraduate Introductory Unit | Band 4 2021 (Commenced After 1 Jan 2021) Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905) Band 5 2021 (Commenced Before 1 Jan 2021) |
Learning outcomes
After successful completion of this unit, students will be able to:1. Demonstrate how businesses can use economic models in their decision making;
2. Identify the factors that affect the demand and supply for goods and services in the market and explain how changes in these factors affect the market equilibrium price and quantity;
3. Analyse how government intervention in the market, for example through imposition of taxes or price ceilings, affect the behaviour of consumers and producers;
4. Analyse efficient production decisions under different types of market structures and identify when and why markets fail to perform efficiently;
5. Describe macroeconomic aggregates such as GDP, unemployment, and inflation and outline how government and central bank policies affect these variables; and
6. Review and communicate the outcome of economic research and analysis.
Graduate attributes
1. UC graduates are professional - communicate effectively1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - think globally about issues in their profession
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
Prerequisites
None.Corequisites
None.Incompatible units
None.Equivalent units
6355 Introduction to EconomicsAssumed knowledge
None.Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
---|---|---|---|---|---|
2024 | Bruce, Canberra | Semester 1 | 05 February 2024 | On-campus | Dr Tesfaye Gebremedhin |
2024 | Bruce, Canberra | Semester 1 | 05 February 2024 | Online | Dr Tesfaye Gebremedhin |
2024 | UC College, Bruce, ACT | UC College Trimester 2 | 03 June 2024 | On-campus | Mr Saeed Uz Zaman Khan |
2024 | Bruce, Canberra | Semester 2 | 29 July 2024 | On-campus | Dr Tesfaye Gebremedhin |
2024 | Bruce, Canberra | Semester 2 | 29 July 2024 | Online | Dr Tesfaye Gebremedhin |
2024 | UC College, Bruce, ACT | UC College Trimester 3 | 23 September 2024 | On-campus | Mr Saeed Uz Zaman Khan |
2025 | Bruce, Canberra | Semester 1 | 03 February 2025 | On-campus | Dr Tesfaye Gebremedhin |
2025 | Bruce, Canberra | Semester 1 | 03 February 2025 | Online self-paced | Dr Tesfaye Gebremedhin |
2025 | UC College, Bruce, ACT | UC College Trimester 2 | 26 May 2025 | On-campus | Mr Saeed Uz Zaman Khan |
2025 | Bruce, Canberra | Semester 2 | 28 July 2025 | On-campus | Dr Tesfaye Gebremedhin |
2025 | Bruce, Canberra | Semester 2 | 28 July 2025 | Online self-paced | Dr Tesfaye Gebremedhin |
2025 | UC College, Bruce, ACT | UC College Trimester 3 | 15 September 2025 | On-campus | Mr Saeed Uz Zaman Khan |
Required texts
Hubbard, Garnett, Lewis and O'Brien (2022) Essentials of Economics, 5th ed., Pearson Education Australia.
E-Book of the text (Revel) is available through Canvas and all students can access it for free.
Submission of assessment items
Special assessment requirements
Students need to get an overall mark of 50% to pass the unit.
Students must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.
Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.
UC students have to complete the Academic Integrity Module annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).
UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.
Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of Canberra (Student Conduct) Rules 2023. For further advice, visit Study Skills.
Participation requirements
None
Required IT skills
Familiarity with Microsoft Word would be useful.
Work placement, internships or practicums
Not Applicable
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