UWA Handbook 2017

Unit details

ECON5541 Economics for Business: Applications and Policy

Credit 6 points
(see Timetable)
Semester 1UWA (Perth)Face to face
Semester 2UWA (Perth)Face to face
Content 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.
Outcomes 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.
Assessment Supplementary assessment is not available in this unit.
Unit Coordinator(s) Dr Ishita Chatterjee
Unit rules
Incompatibility: ECON5503 Economic Management and Strategy
Contact hours lectures/seminars/workshops: up to 3 hours per week
Unit OutlineSemester 1 : http://www.unitoutlines.biz.uwa.edu.au/Units/ECON5541/SEM-1/2017
Semester 2 : http://www.unitoutlines.biz.uwa.edu.au/Units/ECON5541/SEM-2/2017

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  • 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.