Economic Analysis for Business - 2016

To enrol in this unit, you must be accepted into a course from the provider. Read before you start
This page is for past year, View 2017 unit details.

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 2016: Sess 2
  • Assessment: Assignment (15%) , Invigilated Exam (60%) - Learn more

Unit provided by

2016 Fees
Domestic 2,760.00
International 3,010.00

Economic Analysis for Business is a unit designed to help you understand the structure of the economy, how an economy operates, why economic problems occur to provide a deeper understanding of the economic issues that need to be taken into consideration when economic decisions are being made.

At the completion of this unit students will be able to:

  1. understand some of the basic economic problems facing society
  2. understand the interaction of demand and supply in the marketplace
  3. understand the role of the entrepreneur in a market economy
  4. apply simple microeconomic theory to some practical problems
  5. understand the major economic aggregates and how they are measured
  6. understand the nature of the business cycle
  7. identify the major economic problems that affect (or may affect) an economy
  8. use the appropriate economic tools to conduct a meaningful analysis of economic policy
  9. understand the interrelationships between economic variables.
  • Assignment (15%)
  • Invigilated Exam (60%)
  • Quizzes — Online (25%)
For more information on invigilated exams see Exams and results

There are no prerequisites for this unit.

  • Broadband access

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

This unit is a core requirement 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:Steven Kates

    ISBN: 9781782547969


    Supplier:Go to The Co-op Bookshop

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