Economic Analysis for Business - 2017

To enrol in this unit, you must be accepted into a course from the provider. Read before you start

Unit summary


  • Level of Study: Postgraduate
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: No
  • Duration: 13 weeks
  • Government loans available: FEE-HELP
  • Availability for 2017: Sess 2
  • Availability for 2018: Sess 2
  • Assessment: Assignment - Linked CLOs: 1, 2, 3, 4, 5 (20%) , Invigilated Exam - Linked CLOs: 1, 2, 3, 4, 5 (50%) - Learn more

Unit provided by

2017 Fees
Domestic 3,000.00
International 3,250.00
Economic Analysis for Business will help you understand the structure of the economy, how an economy operates, why economic problems occur and the reasons why policy makers make the decisions they do. This unit will explore and examine economic concepts and their application in “real world” situations.
This unit will help you to develop the analytical techniques necessary to examine the economic environment in which you live and in which the businesses you are associated with must operate. It will enable you to make sense of the often confusing array of economic data and events and to place those into a logical and consistent framework. You will make your own judgements about the likely consequences of various economic events, including the likely policy response of decision makers.
On successful completion of this unit you will be able to:
  1. CLO1: Examine basic economic problems facing society and apply theory to practical problems in a business context
  2. CLO2: Explore the business cycle implications and determine the interaction of demand and supply in the marketplace
  3. CLO3: Evaluate the role of the entrepreneur in a market economy and review investor decisions in financial markets
  4. CLO4: Analyse the interrelationships between economic variables and evaluate the major economic aggregates and how they are measured
  5. CLO5: Apply the appropriate economic tools to conduct a meaningful analysis of the economy in a professional ethical context.
  • Assignment — Linked CLOs: 1, 2, 3, 4, 5 (20%)
  • Invigilated Exam — Linked CLOs: 1, 2, 3, 4, 5 (50%)
  • Quizzes — Linked CLOs: 1, 2, 3, 4 (30%)
For more information on invigilated exams see Exams and results

There are no prerequisites for this unit.

In order to enrol in this unit, you must be accepted into one of the following courses:

Please visit the course details page and read the Requirements tab for more information about eligibility.

This unit addresses the following topics.

1Economic Definitions
2The Economics of the Free Market
3Value Added and the Role of Government
4Factors of Production, Finance and the Entrepreneur
5Supply and Demand
6Marginal Analysis
7Measuring the Economy
8History of Economics and the Keynesian Revolution
9Modern Macroeconomic Analysis
10The Theory of the Business Cycle
11Money, Credit and Inflation

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board
  • Online Quizzes/Tests
  • Online assignment submission

Online materials

  • Audio/Video - Streaming
  • Printable format materials

This unit is a core requirement in the following courses:

This unit is part of a major, minor, stream or specialisation in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a unit.

Click on the titles of the listed books below to find out more:

Required textbooks

  • Free Market Economics: An Introduction for the General

    By:Kates, Steven

    ISBN: 9781786431400


    Supplier:Go to The Co-op Bookshop

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