Introductory Economics
UndergraduateCUR-BAN122024
Course information for 2024 intake View information for 2025 course intake
Strive to understand how economists look at the world, then apply their approach to problems both big and small. Review economic theories, the GDP and the rules of supply and demand. Get a bird’s eye view of the global economic markets.
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Prior study needed
- Duration
- 13 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Introductory Economics
About this subject
At the completion of this subject, students will be able to:
- apply the tools of game theory to model social interactions and explain social dilemmas
- evaluate economic outcomes and assess the data from experimental economics
- analyse and critically evaluate broader economic issues in the real world using economic theory, data and case studies
- demonstrate economic literacy on key concepts and indicators of the macroeconomy, such as economic growth, employment, and inflation - by effectively communicating analyses of economic events
- What is Economics
- Demand and Supply
- Elasticity
- Economic Efficiency
- Behavioural Economics and Asymmetric Information
- Introduction to Macroeconomics: GDP, Unemployment & Inflation
- Aggregate Demand and Aggregate Supply
- Monetary Policy
- Fiscal Policy
- Exchange Rates
- Review
This subject provides some powerful tools for understanding how economies work. It introduces the concepts and methods of experimental and behavioural economics; models of economic growth, business cycles, and financial crises; macroeconomic indicators of economic growth, unemployment, and inflation; and tools to understand and evaluate monetary, fiscal, and other economic policies. Economics affects everything in our lives—what we earn, how we work, where we learn, what we consume, how much we waste; the list goes on. An understanding of economics is critical in an uncertain world, where market forces have such a significant influence on our lives. Any student undertaking a course in commerce or business at the undergraduate level requires an understanding of economics—how people make decisions (rational or otherwise), economic policy, challenges caused by the COVID-19 pandemic on global economic recovery and decent work progress, sustainable economic growth and productivity, climate change dilemmas and so on. A good grasp of introductory principles of economics is crucial if we, as student collaborators and critical social-ecological observers, are to make informed judgements about solving real-world problems.
Please Note: If it’s your first time studying a Curtin University subject, you’ll need to complete their compulsory ‘Academic Integrity Program’. It only takes two hours to complete online and provides you with vital information about studying with Curtin University. The Academic Integrity Program is compulsory, so if it’s not completed your subject grades will be withheld.
Find out more about the Academic Integrity module.
- Exercises (50%)
- Final Assessment (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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- QS Ranking 2024:
- 14
- Times Higher Education Ranking 2024:
- 15
Entry requirements
Others
USA-ECO11 Principles of Economics was equivalent to this subject if completed prior to 2021.
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
What to study next?
Once you’ve completed this subject it can be credited towards one of the following courses
Bachelor of Education (Secondary Education) (Humanities and Social Sciences - Geography)
UndergraduateCUR-SGE-DEG
Bachelor of Commerce (Taxation)
UndergraduateCUR-TAX-DEG
Bachelor of Commerce (Business Law)
UndergraduateCUR-BLW-DEG
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