ECO80001 Economics

Unit code: DCO10005

Duration: 1 Teaching Period

Contact hours: Recommended 10 hours of study per week

About this unit

This unit is designed to provide students with skills and practice of understanding, interpreting and evaluating microeconomic and macroeconomic issues. In particular the unit focuses on developing students' ability to apply these skills to real world applications of relevance to accountants and other business professionals.

Content

  • General principles of Microeconomics
  • Supply and demand
  • Market behaviour
  • Costs of production
  • Four alternative market structures
  • Market failure and resource allocation
  • Measuring macroeconomic performance
  • Determinants of macroeconmic performance
  • Inflation and unemployment
  • External balance and foreign exhange markets
  • Government economic policies - fiscal and monetary policies

This unit is found in Master of Professional Accounting.