Principles of Economics
Gold Coast, Australia
Area of Study
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4.5 - 6
Hours & Credits
Students are introduced to economic analysis and its applications. Topics include: decision making, analysis of constraints, analysis of benefits and costs, maximisation, competitive pressures and market forces, and public policy issues. By the end of the subject, successful students will be equipped with the tools of economics and prepared to address economic problems in their day to day lives, industry, politics, society, and the environment.Learning Objectives1. Students will become familiar with economic way of thinking as it applies the individual consumer, the individual firm and government decision making.
2. Use economic models to analyse a situation in terms of economics.3. Relate the basic theory of economic theory and principles to current microeconomic issues and evaluate related public policy.4. Make informed and critical assessment and criticism of the public debate on many economic policy issues.