Subject details

This unit covers:

Book 1

Unit 1 - Economic choices and consequences

  • Chapter 1: Introduction: Australia, a market economic system
  • Chapter 2: Economic growth and sustainable development
  • Chapter 3: Australia’s inflation as a contemporary economic issue
  • Chapter 4: The creation and distribution of income and wealth in Australia as a contemporary economic issue

Unit 2 - Economic change: issues and challenges

  • Chapter 5: Population, employment and change
  • Chapter 6: Australia’s international economic relationships as a global economic issue
  • Chapter 7: Economic globalisation
  • Chapter 8: Development economics

Book 2

Unit 3 - Economic Activity

  • Chapter 1: Microeconomics: living standards, the market system and resource allocation in Australia
  • Chapter 2: Macroeconomics: output, employment and income in the Australian economy
  • Chapter 3: Macroeconomic activity and the Australian government’s economic goals

UNIT 4 - Economic management of the Australian economy

  • Chapter 4: Managing aggregate demand using budgetary policy
  • Chapter 5: Managing aggregate demand using monetary policy
  • Chapter 6: Policies for managing aggregate supply
  • Study resources

    • Instructional methods

      • Discussion forum/Discussion Board
      • Online Quizzes/Tests
      • Online assignment submission
      • Standard Media
      • Web links
      • Wikis
    • Online materials

      • Resources and Links
      • Printable format materials
      • Online Assessment
      • Printable format materials


The unit presumes that you will be self-motivated and capable of self-directed learning (within the guidelines provided by the unit materials).

Special requirements

No special requirements

The unit is a preparatory economics unit designed to help you gain the necessary knowledge to enter into a tertiary study. In this unit, you will learn why economics focuses on decisions about how production occurs, how resources are allocated and how proceeds of production are distributed. Decisions about the allocation of resources require an understanding of the interdependence of economic factors. Economic, political and social forces influence economic decision making, the quality of which is fundamental to the overall wellbeing of society. These economic decisions not only affect the wellbeing of particular nations and their people but also increasingly influence living standards regionally and globally.

This unit includes individual tutorial support with an experienced high school economics teacher. Tutorial support is via email, phone and an online classroom with discussion forums. There is also a Unilearn Student Support Officer available to help you throughout your study. This unit provides 4 core credits towards your QCE.

The unit has flexible enrolment dates to meet your needs. Start your study when you want and complete the unit anytime within the 12 month enrolment window. This unit is equivalent to year 11/12 Economics. This unit requires a minimum of 220 hours or 18 weeks to complete. The 18 week option is only available to you if you complete the unit in the online classroom. For international students, an additional $150 is applied to your unit for postage and handling of overseas materials. The cost of the textbook is not included in the unit price.

The final exam is not included in the unit price. The cost of the exam is $75 (International exams $150). For more information please call the Student Advisor team on 13OPEN (13 6736) or visit

Note:Most students take 540 hours to complete the course as the 220 minimum hours is the learning in the textbook only and does not take into account completing homework, reading time, tutorial help and progress tests. Please keep this in mind when nominating to complete in an accelerated timeframe.

  • Progress tests (25%)
  • Written Assignments (25%)
  • Practice questions (0%)
  • Invigilation by provider (50%)

Textbook information is pending.