Skip to main content
Unit of study_

ECON1040: Principles of Economics

This unit of study is designed for students who have an interest in economics and its application to critical issues in everyday life. Students will gain an understanding of how the economy works; how individuals, firms and governments form and shape their decisions using economic principles; and the role of public policy on outcomes including the trade-offs faced in making policy decisions. Students will develop skills to critically analyse real-world issues using the perspective of an economist, and communicate ideas and arguments about economics in a logical, coherent and evidenced based manner.

Code ECON1040
Academic unit Economics
Credit points 6
AGEC1006 or ECON1001 or BUSS1040

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

  • LO1. apply economic concepts to examine real-world problems from both an individual’s and policymaker’s perspective
  • LO2. develop problem-solving skills
  • LO3. critically evaluate the assumptions and limitations of the theories and arguments presented in class
  • LO4. develop written communication skills
  • LO5. employ technologies effectively in gathering information from written, oral, and electronic sources
  • LO6. demonstrate the ability to manage, analyse, evaluate and use information efficiently and effectively.