Key facts
UNE unit code: ECON406
*You are viewing the 2024 version of this unit which may be subject to change in future.
- Trimester 2 - On Campus
- Trimester 2 - Online
- UNE Sydney Campus
- Armidale Campus
- Adelaide Location
- Yes
- No
- Yes
- 6
Unit information
To effectively manage a business or other organisation, you need to understand the general economic environment in which it operates.
Studying this unit, you will explore concepts and principles from both Microeconomics and Macroeconomics that will help you to understand the key concepts of Economics for Management.
Microeconomics examines how consumers and firms make decisions and how they interact with each other in markets. This includes topics such as supply and demand, consumer and firm behaviour, price determination and the operation of markets, situations of market failure, and the impact and role of government on the economy.
Macroeconomics studies the entire economy and its wellbeing. In this component of the unit, you will investigate factors such as inflation, exchange rates, interest rates and trade on the wellbeing and stability of the economy.
Offerings
For further information about UNE's teaching periods, please go to Principal Dates.
| Teaching period | Mode/location |
|---|---|
| Trimester 2 | On Campus, Adelaide Location |
| Trimester 2 | On Campus, Armidale Campus |
| Trimester 2 | On Campus, UNE Sydney Campus |
| Trimester 2 | Online |
*Offering is subject to availability
Intensive schools
There are no intensive schools required for this unit.
Enrolment rules
Notes
Students considering enrolment in ECON406 should be familiar with basic mathematical concepts such as arithmetic and algebra.If you are unsure, please contact the Unit Coordinator at emilio.morales@une.edu.au before enrolling.
Please refer to the student handbook for current details on this unit.
Unit coordinator(s)
Learning outcomes
Upon completion of this unit, students will be able to:
- demonstrate a professional understanding of the microeconomic environments they are working in;
- review, analyse and consolidate information to report to employers on microeconomic developments in their working environments;
- exhibit an expert understanding of the macroeconomic environments domestically and internationally; and
- demonstrate a professional understanding of the implications of international and domestic macroeconomic developments and provide a clear and coherent report to employers.
Assessment information
Assessments are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
| Title | Must Complete | Weight | Offerings | Assessment Notes |
|---|---|---|---|---|
| Mid-Trimester Exam | Yes | 50% | All offerings | Fully invigilated exam. |
| Final Examination | Yes | 50% | All offerings | Fully invigilated final exam. |
Learning resources
Textbooks are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.
Essentials of Economics
ISBN: 9781292440101
Sloman, J., and Garrett, D., Pearson 9th ed. 2023
Text refers to: All offerings
Note: Recommended material is held in the University Library — purchase is optional.
Essentials of Economics
ISBN: 9780655702870
Hubbard, G., O'Brien, A., Garnett, A. M., and Lewis, P., Pearson Australia Group Pty. Ltd. 5th Ed. 2021
Text refers to: All offerings
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