ECO511 Economics for Business (8)

This subject introduces students to the economist's 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.


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



One session


School of Accounting and Finance

Enrolment Restrictions

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

Subject Relationships

MBA502 Similar Content
ECO501 Similar Content

Incompatible Subjects

ECO501, MBA502

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to apply economic concepts and principles to daily life activities;
  • be able to evaluate demand and supply conditions to make a range of market related decisions;
  • be able to analyse the price and output decisions of a firm under different market structures;
  • be able to evaluate the nature of market failure and the role of government intervention;
  • be able to assess the health of the economy as a whole; and
  • be able to determine the circumstances in which government intervention in the economy is necessary.


This subject will cover the following topics:
  • Introduction to Economics
  • Demand and Supply
  • Production and Costs
  • Market Structure
  • Market Failure and Government Intervention
  • The Nature of the Macro-economy
  • A Macroeconomic Model
  • The Monetary and Financial System
  • Monetary and Fiscal Policy
  • Policy Issues in an Open Economy

Indicative Assessment

The following table summarises the assessment tasks for the online offering of ECO511 in Session 3 2020. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Value %
Assignment 1: discussion board posting
Assignment 2: discussion board comments
Assignment 3: essays
Assignment 4: essays
Final exam

The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.