ECO130 Business Economics (8)
Enrolment Restriction: Not available to students who have completed ECO100, ECO110, ECO120, RMBU1642 or RMBU1639.
This subject introduces students to the key economic concepts and principles. Students will be able to follow discussions about the current business environment and effectively participate in the formulation of business strategies. The subject is designed as a combination of micro and macro issues at an introductory level. The first half of the subject introduces students to the tools of economic analysis, an understanding of price formation, the behavior of firms and consumers and the basic models of market structure and their efficiency. The second half of the subject covers the key macroeconomic concepts such as measuring GDP, business cycles, inflation and unemployment, and fiscal and monetary policy.