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This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.
The success of any business firm rests on its ability to operate efficiently within its economic environment. In this unit, students apply microeconomic principles to analyse how firms create value; use productive resources efficiently; and compete in markets. As the external environment is a key influence on business behaviour, the unit also applies macroeconomic principles to analyse the performance of the economy; government economic policies; international trade and structural change in the economy. Understanding these concepts equips students to understand their business environment and develop effective business strategy.
On completion of this unit students should be able to:
Students will attend a weekly three-hour seminar. Each seminar will have a lecture and class discussion component. This unit uses principles associated with authentic learning to introduce students to the world of economics. Students in this unit are required to apply economic theory to understand and analyse important business issues. Economists use models to understand how the economy functions. Students will be introduced to these models and will have the opportunity to apply these models to real-world situations.
GS1 GRADING SCHEMA 1 Used for standard coursework units
Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.
| Type | Description | Value |
|---|---|---|
| Exercise | Practice Sets | 30% |
| Assignment | Case Study/ Analysis Report | 20% |
| Examination | Final Examination | 50% |
| Type | Description | Value |
|---|---|---|
| Exercise | Practice Sets | 30% |
| Assignment | Case Study/ Analysis Report | 20% |
| Examination | Final Examination | 50% |
^ Mandatory reference
For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.
Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:
Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.
The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.
ECF6105|2|1
This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.
The success of any business firm rests on its ability to operate efficiently within its economic environment. In this unit, students apply microeconomic principles to analyse how firms create value; use productive resources efficiently; and compete in markets. As the external environment is a key influence on business behaviour, the unit also applies macroeconomic principles to analyse the performance of the economy; government economic policies; international trade and structural change in the economy. Understanding these concepts equips students to understand their business environment and develop effective business strategy.
On completion of this unit students should be able to:
Students will attend a weekly three-hour seminar. Each seminar will have a lecture and class discussion component. This unit uses principles associated with authentic learning to introduce students to the world of economics. Students in this unit are required to apply economic theory to understand and analyse important business issues. Economists use models to understand how the economy functions. Students will be introduced to these models and will have the opportunity to apply these models to real-world situations.
GS1 GRADING SCHEMA 1 Used for standard coursework units
Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.
| Type | Description | Value |
|---|---|---|
| Exercise | Practice Sets | 30% |
| Assignment | Case Study/ Analysis Report | 20% |
| Examination | Final Examination | 50% |
| Type | Description | Value |
|---|---|---|
| Exercise | Practice Sets | 30% |
| Assignment | Case Study/ Analysis Report | 20% |
| Examination | Final Examination | 50% |
^ Mandatory reference
For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.
Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:
Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.
The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.
ECF6105|2|2