25706 Economics for Management6cp
Requisite(s): 21878c Organisational Dialogue: Theory and Practice
The lower case 'c' after the subject code indicates that the subject is a corequisite. See definitions for details.
These requisites may not apply to students in certain courses. See access conditions.
Anti-requisite(s): 25745 Economics: Concepts and Applications, and Category Type = Subject
This subject comprises two parts which deal with the fundamental principles of microeconomics and macroeconomics as they relate to business management. The microeconomics part of the subject examines the forces of supply and demand, consumer behaviour, the nature of production costs, price setting by firms in a range of market types, the rationale and ethical underpinnings of trade practice restrictions and the fundamental forces affecting international trade. The macroeconomics part of the subject is concerned with the larger scale aspects of the economic systems in which businesses operate. It examines the determinants of gross domestic product, the behaviour of the general price level and inflation, unemployment, and the forces that affect the general rate of interest. Attention is also given to the nature, ethical rationale and impact of government policies on the macroeconomic environment and business conditions.
Detailed subject description.
- 2012 contribution for commencing Commonwealth-supported students: $1178 (Note: Students who commenced prior to 1 January 2011 should consult the student contribution charges for Commonwealth-supported students. Not all students are eligible for Commonwealth-supported places.)
- 2012 amount for undergraduate domestic fee-paying students: $2719 (Note: Fees for postgraduate domestic fee-paying students and international students are charged according to the course they are enrolled in. Students should refer to the annual fees schedule.)
- Subject EFTSL: 0.125