unit guide_2015sem1KLJB - Unit Name ECONOMIC PRINCIPLES...

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Unit Name: ECONOMIC PRINCIPLES Unit Code: BEO 1105 Year: 2015 Semester/ Dates: ONE Location: SUNWAY (KL and JB) Prepared by: JESSE SINGH
Welcome Welcome to this unit of study. This Unit Guide provides important information and should be kept as a reference to assist with your studies. This Guide includes information about your reading and resources, independent learning, class activities and assessment tasks. It is recommended that you read this Guide carefully: you will be expected to manage your learning as you work towards successful study. Detailed information and learning resources for this unit have also been provided on the Unit website on VU Collaborate which can be reached via the Student Portal at vu.edu.au/student-tools/myvu-student-portal It is important that you access your Unit website regularly . Please also refer to information provided on the Student Portal that supports studying at VU. Acknowledgement of Country We respectfully acknowledge and recognise the traditional owners, their Elders past and present, their descendants and kin as the custodians of this land. Page 2 of 19
Introduction to the unit YEAR 2015 SEMESTER 1 UNIT TITLE Economics Principles UNIT CODE BEO1105 PRE-REQUISITES Nil CREDIT POINTS 12 MODE OF DELIVERY On-campus UNIT COORDINATOR Mr Jesse Singh OTHER LECTURERS Ms Jennifer Choong(KL) Ms Poh Boon Liang (JB) EMAIL [email protected] [email protected] [email protected] LECTURE TIME & LOCATION Refer to Sunway Timetable Page 3 of 19
Unit description This unit of study introduces students to the fundamental principles of economics and its application to consumer behaviour, business decision making and economic policy. Students will be introduced to the economic way of thinking and how key concepts, theories and methods of modern economic analysis can be applied to everyday economic issues and problems. Key areas covered include consumer behaviour, demand and supply analysis, the competitive nature of markets within which firms operate, the national economy, business cycles, inflation, unemployment, and monetary and fiscal policy. Particular emphasis is placed on reviewing contemporary economic issues and how economics permeates almost every aspect of business, highlighting economics as the fundamental discipline underpinning the study of most business specialisations. The unit will stimulate students intellectually, leading them to apply economics to a range of problems in a variety of contexts and will develop, through the study of economics, a range of transferable skills to be of value in employment. Prerequisites None Learning Outcomes On successful completion of this unit, students should be able to: 1. Identify the broad range of economic problems facing modern societies; 2. Understand the nature of economic reasoning, problem solving and market dynamics; 3. Understand and explain the factors that influence economic decision making in firms and government policy; 4. Identify the principal sources of economic information and data

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