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Unit of study_

ECON1005: The Australian Economy

2025 unit information

This unit introduces students to the Australian economy, with a strong emphasis on its history. This historical context is used to highlight current aspects of the Australian economy, including population, growth, and inflation. The unit also provides some ways of thinking about how the Australian economy might develop in the future. The unit does not assume any prior knowledge of economics and is designed to be of interest and relevance to both students with and without prior exposure to economics.

Unit details and rules

Managing faculty or University school:

Arts and Social Sciences

Study level Undergraduate
Academic unit Economics
Credit points 6
Prerequisites:
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None
Corequisites:
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None
Prohibitions:
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None
Assumed knowledge:
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None

At the completion of this unit, you should be able to:

  • LO1. demonstrate an understanding of the basic principles and tools of economics
  • LO2. understand Australian economic history and its relevance to Australia’s economic future
  • LO3. understand the benefits of objects-based learning
  • LO4. identify critical economic issues facing Australia and analyse them using economic methods
  • LO5. critically evaluate government policy responses.

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 2 2025
Normal day Camperdown/Darlington, Sydney
Outline unavailable
Session MoA ?  Location Outline ? 
Semester 2 2020
Normal day Camperdown/Darlington, Sydney
Semester 2 2021
Normal day Camperdown/Darlington, Sydney
Semester 2 2021
Normal day Remote
Semester 2 2022
Normal day Camperdown/Darlington, Sydney
Semester 2 2022
Normal day Remote
Semester 2 2023
Normal day Camperdown/Darlington, Sydney
Semester 2 2024
Normal day Camperdown/Darlington, Sydney

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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.