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BUSS1040 - Economics for Business Decision Making
Faculty of Business (Business School) - 6 credit points
HECS Band five
Domestic Fee: $3,300
International Fee: $3,870
EFTSL: 0.125000000
Help? - Unit of Study Costs
Department: Business (Business School)
Offered session(s): 1, 2
Prohibitions: ECOF1005
Teacher/Coordinator: Dr Andrew Wait

Classes: 1x 2hr lecture and 1x 1hr tutorial per week

Assessment: Written assignment (15%), on-line quizzes (10%), mid-semester exam (20%), final exam (55%)

Economics underlies all business decisions, from pricing, to product development, to negotiations, to understanding the general economic environment. This unit provides an introduction to economic analysis with a particular focus on concepts and applications relevant to business. This unit addresses how individual consumers and firms make decisions and how they interact in markets. It also introduces a framework for understanding and analysing the broader economic and public policy environment in which a business competes. This unit provides a rigorous platform for further study and a major in economics as well as providing valuable tools of analysis that complement a student's general business training, regardless of their area of specialisation.This unit of study is a compulsory part of the Bachelor of Commerce and combined Commerce degrees.
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