School Of BusinessEconomicsWestern Sydney University Unit Code: 200425.3
Discipline: ECONOMICS
Student Contribution Band: 3
Level: 7
Credit Points: 10
Equivalent Units
51265 Economics (PG)
Unit Enrolment Restrictions
Students must be enrolled in a postgraduate Business program.
About this Unit
This unit presents a broad overview of economics and the way economic activity, institutions and regulations shape social and business outcomes, knowledge that is critical for any student in a business-related discipline. Students will reflect critically on the key economic processes, theories and ideas. We study the way economics defines growth and wellbeing and the economic theories of income determination and business cycles that shape macroeconomic policy. Students will form perspectives on globalisation, trade, colonisation and development and the causes of, and solutions to, inequalities between Indigenous and non-Indigenous Australians. In the microeconomic component of the unit, we study the way economics understands and models individuals and the consumer, production and firms, markets and market structures, the role of government intervention and regulation, environmental outcomes and policy to control processes of economic power.