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Unit of study_

ECON1005: The Australian Economy

This unit explores the Australian economy and introduces students to the application of economic reasoning and techniques to real-world problems. A focus of the unit is how government policy is affected by the influences brought to bear by the both domestic issues and the international environment. Each issue is addressed within an economic framework. The methods of instruction, learning and assessment are designed to develop a range of graduate attributes, with an emphasis on developing communication skills and creative thinking.

Code ECON1005
Academic unit Economics
Credit points 6
Prerequisites:
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None
Corequisites:
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None
Prohibitions:
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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 theories of economics
  • LO2. understand Australian economic history and its relevance to Australia‚Äôs economic future
  • LO3. understand the causes of financial crises and policy responses to financial crises
  • LO4. identify critical economic issues facing Australia and analyse them using economic methods
  • LO5. critically evaluate potential government policy responses and to argue for the most appropriate policy response.