School Of BusinessPrinciples of EconomicsWestern Sydney University Unit Code: 200525.2
Discipline: ECONOMICS
Student Contribution Band: 3
Level: 1
Credit Points: 10
Assumed Knowledge
HSC Mathematics
Equivalent Units
200076 - Introductory Economics, 200046 - Microeconomics, EC102A - Principles of Economics
Unit Enrolment Restrictions
External offerings for this unit during Autumn and Spring are only available to students who are enrolled in a Property course, Key Program or Major.
About this Unit
This unit is an introduction to economic concepts and contemporary economic issues. It introduces students to basic concepts such as markets and their operation, the behaviour of firms, the efficiency and potential failings of free markets, the role of government, key macroeconomic variables and problems such as unemployment. It illuminates these concepts via application to contemporary economic issues and debates over different theoretical perspectives. This unit also exposes students to recent developments in economics via presentations by specialist guest lecturers.