EC5103 - Business Economics

Credit points:	03
Year:	2005
Student Contribution Band:	Band 2
Administered by:

This subject provides an introduction to economic analysis, with particular applications to decision-making in business. On completion, students should have an understanding of economic concepts, be able to construct economic arguments in terms of these concepts and be able to apply simple economic models to the analysis of relevant economic issues.

Learning Outcomes

• provide benefits to business students in terms of the ability to use economic principles in 'rational' decision-making;
• develop an understanding of the economic environment in which business decisions must be made;
• familiarity with key business and economic statistics that are periodically released by the Australian government and international agencies, including the Australian Bureau of Statistics, the Reserve Bank of Australia, the Australian Treasury, the OECD and the IMF;
• devleop an understanding of the role and impact of economic policy.

Graduate Qualities

• The ability to think critically, to analyse and evaluate claims, evidence and arguments;
• The ability to adapt knowledge to new situations;
• The ability to calculate, produce, interpret and communicate numerical information.

Prerequisites:

As contained in the JCU/GuangZhou University agreement.

Availabilities
, , Study Period 36
Census Date 31-Mar-2005
Face to face teaching 26-Feb-2005 to 02-Apr-2005
Contact hours:	26 hours 12 hours
Assessment:	(60%); (20%); (20%).

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.