ECON5541 Economics for Business: Applications and Policy
- 6 points
|Semester 1||UWA (Perth)||Face to face|
|Semester 2||UWA (Perth)||Face to face|
- This unit addresses core microeconomic and macroeconomic principles that underlie strategic business decision making and national/international policy formulations. Students discuss how individual firms and households make economic decisions and interact in markets; develop a solid understanding of the functioning of modern macroeconomic and financial markets; and acquire a deep insight of major historical and contemporary economic issues.
- Students are able to (1) identify core theoretical perspectives and how these influence business decisions and strategies; (2) develop and enhance basic analytical skills at a practical level with applications to industry data; (3) appreciate the dynamics of the global economy and macroeconomic policy formulations in the face of changing economic conditions; (4) interpret and effectively analyse economic policy and present in the form of a report; and (5) develop effective teamwork skills.
- Typically this unit is assessed in the following ways: (1) in-class participation and (2) examinations. Further information is available in the unit outline.
Supplementary assessment is not available in this unit.
- Unit Coordinator(s)
- Dr Bei Li (Semester 1) and Dr Ishita Chatterjee (Semester 2)
- Unit rules
- ECON5503 Economic Management and Strategy
- Contact hours
- lectures/seminars/workshops: up to 3 hours per week
- Unit Outline
- The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
- All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
- Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.