ECO130 Business Economics (8)

This subject introduces students to the basic economic concepts and principles. Students will gain a sufficient understanding of the concepts to apply them in both work and everyday life. The subject provides a foundation for further studies in economics and more generally in business, management, and marketing.  Students will be also 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 behaviour 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 inflation and unemployment, and fiscal and monetary policy.

Subject availability
Session 1 (30)
Online
Bathurst Campus
Session 2 (60)
On Campus
Albury-Wodonga Campus
Bathurst Campus
CSU Study Centre Melbourne
CSU Study Centre Sydney
Canberra Inst. of Technology
Northern Sydney Institute
Port Macquarie
Wagga Wagga Campus
Online
Bathurst Campus
Session 3 (90)
On Campus
CSU Study Centre Melbourne
CSU Study Centre Sydney
Online
Bathurst Campus
Continuing students should consult the SAL for current offering details. 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

Not available to students who have completed ECO100, ECO110, ECO120, RMBU1642 or RMBU1639 Sydney University Orange Campus economic subjects.

Subject Relationships
ECO120 There is significant overlap between the content in ECO120 and the content in the second half of ECO130ECO110 There is significant overlap between the content in ECO110 and the content in the first half of ECO130ECO100 ECO120 replaced ECO100 in 2000, so there is significant overlap with ECO100 and ECO130
Incompatable Subjects
ECO100 ECO110 ECO120
Learning Outcomes
Upon successful completion of this subject, students should:
  • be able to apply economic concepts and principles to daily life;
  • be able to explain the economic decision making of producers and consumers and their interaction in the market place;
  • be able to describe fiscal and monetary policy in Australia;
  • be able to construct graphs and diagrams to demonstrate how economic concepts and principles work in practice;
  • be able to analyse the impact of monetary and fiscal policy on major economic variables such as inflation, unemployment and gross domestic product.
Syllabus
The subject will cover the following topics:
  • Demand and supply (D-S) model;
  • Using the D-S model to understand how markets work, price elasticity of demand and supply, government interventions in markets such as taxes public goods, price controls and competitive markets versus monopolies:
  • Aggregate demand and aggregate supply (AD-AS model);
  • Applications of the AD-AS model to understand fiscal and monetary policies, unemployment, inflation, international trade and exchange rates.
Contact
Current Students

For any enquiries about subject selection or course structure you will need to contact your Course Director. You can find the name and contact details for your Course Director in your offer letter or contact your School office.

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 2017 CSU Handbook was accurate at the date of publication: June 2018. The University reserves the right to vary the information at any time without notice.

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