ECO511 Economics for Business (8)

This subject introduces students to the economists way of thinking about the activities of individuals and institutions (both private and government) which determine the nature of our business and social environment. The subject presents, applies and assesses the key theoretical principles in Microeconomics and Macroeconomics that enable us to make sensible decisions in a complex world.

Subject Outlines
Current CSU students can view Subject Outlines for recent sessions. Please note that Subject Outlines and assessment tasks are updated each session.

Availability

Session 1 (30)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney
Port Macquarie Campus
Online
Wagga Wagga Campus
Session 2 (60)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney
Session 3 (90)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney

Continuing students should consult the SAL for current offering details: ECO511. Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System

HD/FL

Duration

One session

School

School of Accounting and Finance

Enrolment Restrictions

Postgraduate students only. Not available to students who have completed ECO501 or MBA502.

Subject Relationships

ECO501 Paired Subject
MBA502 Subjects have overlapping content

Incompatible Subjects

ECO501, MBA502

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to apply demand and supply analysis to make a range of market related decisions;
  • be able to identify and critically evaluate opportunities for specialisation and exchange;
  • be able to make decisions that incorporate the relevant benefits and cost analysis;
  • be able to explain and defend why it is important to understand the structure of the market in which a firm operates;
  • be able to critically examine and demonstrate why it might be necessary for government to intervene in the production of goods and services and in the distribution of income; and
  • be able to examine critically the health of the economy as a whole through the analysis of major economic variables and advise on likely policy alternatives.

Syllabus

This subject will cover the following topics:
  • The essence of economics: the reality of scarcity and the unavoidability of choice
  • The key tool of economics: supply and demand
  • The principle focus of economics: decision making at the margin
  • The micro environment of economics: The structure of markets and market failure
  • The macro markets of economics: employment, production, money and foreign exchange
  • The integration of markets in economics: aggregate demand, aggregate supply and the multiplier.

Contact

Current Students

For any enquiries about subject selection or course structure please contact Student Central or ask@csu.edu.au or phone on 1800 275 278.

Prospective Students

For further information about Charles Sturt University, or this course offering, please contact info.csu on 1800 334 733 (free call within Australia) or enquire online.

The information contained in the 2019 CSU Handbook was accurate at the date of publication: September 2018. The University reserves the right to vary the information at any time without notice.

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