UO Principles of Economics

Course aim

To introduce students to the meaning and application of fundamental economic principles.

Course content

The economic decisions faced by individuals, households, firms and governments; analysis of prices and output
determination in the context of markets and incentives; market structures, competition policy and its implication
for the general economy; the strengths and weaknesses of the market mechanism and the role of public policy;
and economic analysis of contemporary economic issues in the macroeconomy.

Textbooks

Parkin and Bade 2016, Microeconomics: Australia in the Global Environment, 1st edition, Pearson, Australia

Prerequisites

Nil

Corequisite(s)

Nil

Teaching Method

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation