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Unit of study_
BUSS1040: Economics for Business Decision Making
2025 unit information
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.
Unit details and rules
Managing faculty or University school:
Business (Business School)
| Study level | Undergraduate |
|---|---|
| Academic unit | Business School |
| Credit points | 6 |
|
Prerequisites:
?
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None |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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ECON1001 or ECON1040 |
| Assumed knowledge:
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Mathematics (equivalent of band 4 in the NSW HSC subject Advanced Mathematics or band E3 in Mathematics Extension 1 or 2) or MATH1111 |
At the completion of this unit, you should be able to:
- LO1. explain key concepts and apply these to macro and micro real-world contexts
- LO2. analyse business problems by identifying and critically evaluating the implications of business decisions using micro- and macroeconomic principles
- LO3. communicate effectively, both orally and in writing, through assessment tasks and tutorial participation.
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
|
Semester 1 2024
|
Normal day | Camperdown/Darlington, Sydney | |
|
Semester 2 2024
|
Normal day | Camperdown/Darlington, Sydney |
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
|
Semester 1 2025
|
Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
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Semester 2 2025
|
Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
|
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Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
