ECO 1001 Business Economics

SUBJECT INFORMATION

SUBJECT CODE

ECO1001

SUBJECT CREDITS

5

SUBJECT OWNER

AIHE Business School

SUBJECT LEVEL

Undergraduate

TOTAL COURSE CREDIT POINTS

120

OFFERED EXTERNALLY

Yes

CORE SUBJECT

Yes

 

EFTSL*

0.125

* Equivalent Full time Study Load

 

NOTE

This offering may not be scheduled in every study period. Please refer to the time table for further details.

 

Subject Description

Economics is at the core of all business decision-making therefore an understanding of basic economic concepts is essential for business students. In this subject, students will be introduced to microeconomic theory and how it aids in resource allocation decisions by individuals and businesses. Students will also gain an understanding of the policy-making and regulatory role that governments play in modern industrialised economies.  Scenario-based learning will be used extensively so that students develop skills in applying the microeconomic concepts they have learnt to authentic business scenarios.

Textbook(s)

Karlan, D., Bajada, C., Melatos, M., & Morduch, J. (2020). Principles of Economics. 2nd Ed., McGraw-Hill Education: Sydney.

Teaching Method

Semester Study Period: 3 hour Face-to-face sessions x 12 weeks + 2 hours self study/ assessment x 2 weeks plus personal study hours Winter or Summer School: 7 hours Face-to-face sessions x 5 weeks plus personal study hours

Prerequisite(s)

Nil

Assessment

Task

Length

Duration

Weighting

Homework Activities

1000 words each

 

30%

Mid-semester Test

 

1 hour

25%

Group Assignment

2000 words equivalent

 

20%

End of semester test

 

2 hours

25%

Fees

Fees for international and domestic students are published in the AIHE's schedule of fees and charges. Scholarships maybe available.

Adelaide Institute of Higher Education (AIHE) is registered as an Institute of Higher Education with the Tertiary Education Quality and Standards Agency (TEQSA), the Australian Government regulator for Higher Education. AIHE delivers fully accredited undergraduate and postgraduate degrees to domestic and international students that are recognised under the Australian Qualifications Framework (AQF).

TEQSA Provider Number: PRV14326
TEQSA Provider Category: Institute of Higher Education
CRICOS Provider Code: 03763K
ABN: 54 618 241 802

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