Postgraduate Coursework Units of Study

ECON5000 - Economics for Commerce

Semester 1, 2011  |  Credit Points: 6

Coordinator: Robert Slonim

Description

This unit provides a one-semester introduction to microeconomic and macroeconomic analysis and its applications.  The microeconomics part of the unit covers economic decision-making by individuals and firms, the determination of quantities and prices of goods in different kinds of markets, and the application of game theory to business decisions. The macroeconomics part of the unit covers topics in open-economy macroeconomics with emphasis on the determination of the aggregate level of economic activity, analysis of the macroeconomic effects of government policies, short-run economic stability (the rate of unemployment and inflation) and long-run economic growth.

Assessments

On-line quizzes (20%), mid semester exam (40%), final exam (40%)

Classes

1x 3hr seminar per week

Prohibitions

ECON5001

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