|
BECO011
|
Economics for Business
|
|
Program
|
Diploma of Business
|
|
Semester
|
Semester 1, 2025
|
|
Credit points
|
6
|
|
Requisite
|
Nil
|
SUBJECT DESCRIPTION
|
This subject introduces students to the basic concepts, theories and principles of economics, and requires students to apply these concepts to both real and hypothetical business situations. The subject provides students with the opportunity to understand the broad economic contexts in which businesses operate, and to analyse contemporary economic issues and events presented in the mainstream media.
|
SUBJECT AND LANGUAGE LEARNING OUTCOMES (SLOs; LLOs)
Upon successful completion of this subject, you are expected to be able to:
|
SLO001 Explain the core principles of market competition and market failures, the characteristics of a variety of market structures and the main factors shaping the macroeconomic environment in which consumers and businesses operate SLO002| Analyse and predict the effects of government policies and other economic forces consumer and business behaviour, market outcomes and the macroeconomic environment
|
|
SLO003| Interpret and critically evaluate economic commentary in the media SLO004| Communicate economic analysis as multimodal texts
LLO002| Effectively evaluate academic texts
LLO003| Give an effective academic presentation LLO004| Write effective academic texts
|
CONTRIBUTION TO PROGRAM
|
The Diploma of Business aims to develop your theoretical and practical knowledge of business, your analytical and technical skills and your attributes as a capable student of business and an ethical member of society.
This subject is a core unit and provides a foundation for further studies in economics, business and finance through an introductory analysis of consumer and business behaviour in a range of market structures
This subject will help you achieve the following Program Learning Outcomes (PLOs):
A1. Apply evidence, creativity and critical reasoning to solve business problems B1. Communicate information clearly in a form appropriate for its audience
|
|
Graduate attributes
|
PLOs
|
SLOs and LLOs
|
|
A. Intellectual rigor and creative problem solving
|
A1 | PLO001
|
SLO001
SLO002
|
|
B. Communication and collaboration
|
B1 | PLO002
|
SLO003
SLO004
|