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|
|Offered||Semester 1 and Semester 2|
|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.|