Principles of Economics
Your upfront cost: $0
Subjects may require attendance
The University of South Australia, UniSA, is ranked in the top 10 universities nationally and amongst the very best young universities in the world. They offer over 200 world-class degrees that are informed by industry and delivered with a highly practical approach to teaching and learning. In fact, they are South Australia’s number one university for graduate careers. They are a valuable partner with Open Universities Australia.
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By the end of this 10-week course, you’ll be able to:
- Describe and utilise the fundamental tools, methods and language of economics to analyse resource allocation issues.
- Explain some of the economic factors underlying individual decision-making, markets and firms.
- Describe the impact of incentives and use economic models to illustrate how agents and markets respond to incentives.
- Identify the limitations of the market mechanism and analyse the role of government in affecting markets and decision-making in the general economy.
- 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.
- Demonstrate Business Enterprise Skills
- Economic Foundations and Models Economic Problem and Gains from Trade
- Understanding where the prices come from: Demand and Supply
- Introducing the concept of Elasticity of demand and Incidence of Tax
- Production and Cost
- Perfect Competition
- Monopoly and Oligopoly
- Monopolistic Competition and Market Failure
- Introduction to Open Macroeconomy
- Role of Monetary and Fiscal Policy using AD/AS Analysis
No eligibility requirements
No additional requirements
An understanding of economics can change the way you see the world. This course introduces you to the fundamental principles of economics and explores how they can impact consumer behaviour, business decisions, government policies and important social issues like climate change and poverty.
Learning economics will also help you examine your thinking, developing your ability to critically analyse issues and arguments. These thinking skills are an important component of becoming a positive contributor to society and will position you well no matter where your career takes you.
UniSA Online’s 10-week short courses give you the flexibility to upskill in a certain area, stay current with developments in your field, diversify your knowledge, or even explore a new direction in your career – without having to commit to the time and cost of a full university degree.
Delivered 100% online, you’ll be able to study where and when it suits you. Access online academic and student support seven days a week, fit study around work and life commitments, view learning resources 24/7, and log in to the interactive online environment anywhere, any time and on any device.
This is a first-year course from UniSA Online’s Accounting degree. Please note: you are responsible for completing any relevant prerequisite courses before enrolling in this course.
- Continuous assessment (50%)
- Examination (50%)
Current study term: 19 Sep 21 to 26 Nov 21
Check the learning management system (LMS) of your university for textbook details.