ECON5541 Economics for Business: Applications and Policy

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 1OnlineOnline
Semester 2UWA (Perth)Multi-mode
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
Indicative assessments in this unit are as follows: (1) quizzes; (2) assignment; and (3) examinations. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Dr Andrew Williams / Dr Bei Li
Unit rules
Incompatibility:
ECON5503 Economic Management and Strategy; ECON1000
ECON1101 or equivalent.
Contact hours
lectures/seminars/workshops: up to 3 hours per week
  • 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.
  • Unit readings, including any essential textbooks, are listed in the unit outline for each unit one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook. Reading lists and essential textbooks are subject to change each semester. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus. Copies of textbooks and other readings will be made available for students to access from the Library, online wherever possible as well as in print.
  • If this unit is offered as on-campus face-to-face study only, students who are presently unable to enter Western Australia and whose studies would be delayed by an inability to complete this unit, should contact the unit coordinator (details given on this page) to ascertain, on an individual case-by-case basis, if alternate arrangements can be made to support their study in this unit.