Principles of Economics
UndergraduateUSA-ECON10102025
Course information for 2025 intake View information for 2024 course intake
This economics short course offers an introduction to how economies work. You’ll learn about links between economics, decision-making, resource allocation, and social issues. Get to know some economic tools and models.
Enrol today with instant approval and no entry requirements
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Enrol by
- 30 Mar 2025
- Entry requirements
- No ATAR needed, No prior study
- Duration
- 10 weeks
- Price from
- $2,300
- Upfront cost
- $0
- Loan available
- FEE-HELP available
Principles of Economics
About this subject
By the end of this 10-week course, you’ll be able to:
- Describe and utilise the fundamental tools, methods and language of economics to analyse resource allocation issues.
- Explain some of the economic factors underlying individual decision-making, markets and firms.
- Describe the impact of incentives and use economic models to illustrate how agents and markets respond to incentives.
- Identify the limitations of the market mechanism and analyse the role of government in affecting markets and decision-making in the general economy.
- Apply economic principles and concepts to analyse business cycles and monetary and fiscal policy in an open macroeconomy, and to demonstrate the significance of trade and globalisation.
- Demonstrate Business Enterprise Skills.
- Economic Foundations and Models Economic Problem and Gains from Trade
- Understanding where the prices come from: Demand and Supply
- Introducing the concept of Elasticity of demand and Incidence of Tax
- Production and Cost
- Perfect Competition
- Monopoly and Oligopoly
- Monopolistic Competition and Market Failure
- Introduction to Open Macroeconomy
- Role of Monetary and Fiscal Policy using AD/AS Analysis
An understanding of economics can change the way you see the world. This course introduces you to the fundamental principles of economics and explores how they can impact consumer behaviour, business decisions, government policies and important social issues like climate change and poverty.
Learning economics will also help you examine your thinking, developing your ability to critically analyse issues and arguments. These thinking skills are an important component of becoming a positive contributor to society and will position you well no matter where your career takes you.
UniSA Online’s 10-week short courses give you the flexibility to up-skill in a certain area, stay current with developments in your field, diversify your knowledge, or even explore a new direction in your career – without having to commit to the time and cost of a full university degree.
Delivered 100% online, you’ll be able to study where and when it suits you. Access online academic and student support seven days a week, fit study around work and life commitments, view learning resources 24/7, and log in to the interactive online environment anywhere, any time and on any device.
This is a first-year course from UniSA Online’s Accounting degree. Please note: you are responsible for completing any relevant prerequisite courses before enrolling in this course.
Should your course have an exam it will be scheduled for Australian Central Standard Time or Australian Central Daylight Time, depending on the time of the year.
- Continuous assessment (50%)
- Examination (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
No entry requirements
Additional requirements
- Other requirements - Students must be aged 17 or older by the time teaching commences for their course of study, in accordance with UniSA’s Selection and entry to programs policy.
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.
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