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duration Duration: 1 Teaching Period

unit code Unit Code: ECO80001

contact hours 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.


  • 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 macroeconomic performance
  • Inflation and unemployment
  • External balance and foreign exchange markets
  • Government economic policies – fiscal and monetary policies

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