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Principles of Economics

Undergraduate | USA-ECON1010 | 2024

This economics short course offers an introduction to how economies work. You’ll learn about links between economics, decision-making, resource allocation, and social issues. Get to know some economic tools and models. 

Enrol today with instant approval and no entry requirements

Study method
100% online
Subject may require attendance
Enrol by
8 Sept 2024
Entry requirements
No ATAR needed,
No prior study
10 weeks
Start dates
1 Apr 2024,
16 Sept 2024

Price from


Upfront cost


FEE-HELP available

Principles of Economics

About this subject

  • By the end of this 10-week course, you’ll be able to: 

    1. Describe and utilise the fundamental tools, methods and language of economics to analyse resource allocation issues. 
    2. Explain some of the economic factors underlying individual decision-making, markets and firms. 
    3. Describe the impact of incentives and use economic models to illustrate how agents and markets respond to incentives. 
    4. Identify the limitations of the market mechanism and analyse the role of government in affecting markets and decision-making in the general economy. 
    5. Apply economic principles and concepts to analyse business cycles and monetary and fiscal policy in an open macroeconomy, and to demonstrate the significance of trade and globalisation. 
    6. Demonstrate Business Enterprise Skills

Entry requirements

No entry requirements

Study load

0.125 EFTSL
This is in the range of 10 to 12 hours of study each week.

Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.

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