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Unit of study_

ECON1006: The Economics of Everything

From school teachers manipulating test scores, to criminal behaviour, economics is increasingly being used to analyse non-market issues. This unit provides insights on these issues using an economic perspective. An underlying premise of this analysis is that people respond to incentives created by rules and institutions, sometimes in perverse or unintended ways. This unit studies real-world cases, including compulsory testing in schools, crime and punishment, corruption, and the role of government in correcting market failures. This unit also considers the implications for traditional economic analysis if information is imperfect and people are not fully rational.

Code ECON1006
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. think like an economist
  • LO2. apply the economic way of thinking to all aspects of the world they live in
  • LO3. understand the consequences and implications of public policy discussions and debates
  • LO4. work productively, collaboratively, and openly in diverse groups and across cultural boundaries.