Business Economics ECON8069 introduces economic concepts and principles which are useful in understanding the general economic environment within which businesses and other organisations operate.
Microeconomics examines how consumers and firms make decisions and how they interact with each other in markets. Topics covered include supply and demand, consumer and firm behaviour, price determination and the operation of markets, situations of market failure, and the impact and role of government on the economy.
Macroeconomics studies the entire economy and its wellbeing. Macroeconomics looks at the effect of factors such as inflation, exchange rates, interest rates and trade on the well being and stability of the economy.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- demonstrate an understanding of the introductory, canonical models of consumer and producer behaviour and of the macroeconomy.
- demonstrate a basic understanding of the operation of a modern economy.
- evaluate the effects of government interventions in individual markets and in the macroeconomy.
Other Information
Indicative Assessment
- Problem Sets (15) [LO 1,2,3]
- Personal Project (15) [LO 1,2,3]
- Mid-Semester Exam (Microeconomics) (35) [LO 1,2,3]
- Final Exam (Macroeconomics) (35) [LO 1,2,3]
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Workload
2 hour lecture and 1 hour of tutorials per week. 7 hours of private study per week
Inherent Requirements
Not applicable
Requisite and Incompatibility
Prescribed Texts
Recommended Text: Economics. by Acemoglu, Laibson and List. 2nd Edition.
Specialisations
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 3
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2019 | $4320 |
- International fee paying students
| Year | Fee |
|---|---|
| 2019 | $5700 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
First Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 2707 | 25 Feb 2019 | 04 Mar 2019 | 31 Mar 2019 | 31 May 2019 | In Person | View |
Second Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 7536 | 22 Jul 2019 | 29 Jul 2019 | 31 Aug 2019 | 25 Oct 2019 | In Person | View |
