Introduction to Commerce

Begin to build a foundational understanding of economics and how it affects business and society. Address concepts such as supply and demand, inflation and budgeting. Get a sense of where the fields of accounting and law fit in in a business context.

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Duration

13 weeks

Student rating

N/A

Study method

100% online

Assessments

Subjects may require attendance

Prior study

Not required

Study terms

26 Feb 2018
28 May 2018
27 Aug 2018
26 Nov 2018

Curtin University, the largest university in Western Australia, is a world-class leader in education and research. With an international focus and 52,000 students across 16 locations, including Sydney, Malaysia and Singapore, Curtin ensures its graduates are skilled and prepared to make a positive contribution in the global environment. Open Universities Australia is proud to offer their degrees and subjects online.

University ranking

2018

Subject details

What you'll learn

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

explain the basic financial, economic, marketing and legal foundations which underpin society and business and how they are applied in the real world
analyse the various marketing strategies businesses undertake in the promotion of a product, and the impact of global marketing on products
analyse the economic principles and markets which affect cash flow, wealth and income from the perspective of the individual as well as public and private enterprises
explain the legal implications when an individual or business enters into contractual arrangements with third parties
explain the various accounting tools used in the setting up and continuing operation of a small business.

Topics covered

Topics
- What is Economics
- Demand and Supply
- Economic Growth, Inflation and Unemployment
- Introduction to Marketing
- Global Marketing
- Marketing and Ethics
- Contract Law
- Business Entities
- Business Entities and Decision Making
- Cash Budgeting
- Financial Reporting
- Revision
Study resources
- Instructional Methods
  - Audio/Video conferencing
  - Blog
  - Disscusion forum/Discussion Board
  - Embedded Multimedia
  - Online Quizzes/Tests
  - Online assignment submission
  - Podcasting/Leacture capture
  - Web links

Entry requirements

No eligibility requirements

Special requirements

EquipmentDetails - Audio/Visual equipment

Description

This subject will provide an introduction to the fundamentals of economics, marketing, law, and accounting principles. The subject will focus on the basic concepts and techniques in accounting that apply to business; law with a business context; as well as giving attention to the basic principles relating to economics. It will explore the decisions made by individuals and groups, and the impact this had on wealth, income and everyday living. Students will be shown how to apply basic economic, marketing, legal and accounting concepts to practical situations therefore shedding light on key commercial operations.

Please Note: This subject cannot be used as credit towards a university degree. However, it is designed to enable students to qualify for entry to an undergraduate degree.

Please Note: If it’s your first time studying a Curtin University subject you’ll need to complete their compulsory ‘Academic Integrity Program’. It only takes two hours to complete online, and provides you with vital information about studying with Curtin University. The Academic Integrity Program is compulsory, so if it’s not completed your subject grades will be withheld.

Find out more about the Academic Integrity module.

Assessments

Assignment 1 - Written Exercise (30%)
Assignment 2 - Final Invigilated Exam (50%)
Assignment 3 - Multiple Choice Test (20%)

Textbooks

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 subject.

View textbooks

Related degrees

Undergraduate

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