2014 Unit of Study

The session(s) below are for 2014. For Summer School 2014 unit of study availability please visit the Summer School website (main Summer session January/February 2014).

The University of Sydney session calendar shows exact dates for sessions.

Economics for Business Decision Making
UoS Code BUSS1040
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites None
Prohibitions ECOF1005
Assumed Knowledge
Additional Information This unit of study is a compulsory part of the Bachelor of Commerce and combined Bachelor of Commerce degrees.
Lectures 1x 2hr lecture and 1x 1hr tutorial per week
Assessment written assignment (15%), on-line quizzes (10%), mid-semester exam (20%), and final exam (55%)
Description Economics underlies all business decisions, from pricing, to product development, to negotiations, to understanding the general economic environment. This unit provides an introduction to economic analysis with a particular focus on concepts and applications relevant to business. This unit addresses how individual consumers and firms make decisions and how they interact in markets. It also introduces a framework for understanding and analysing the broader economic and public policy environment in which a business competes. This unit provides a rigorous platform for further study and a major in economics as well as providing valuable tools of analysis that complement a student's general business training, regardless of their area of specialisation.