|1.||Identify and discuss the basic problem of scarcity facing modern societies;|
|2.||Demonstrate the use of market dynamics model in economic reasoning and problem solving;|
|3.||Evaluate the forces that influence economic decision making for sustainable use of resources;|
|4.||Evaluate key economic indicators relevant to business, household and government for sustainable development;|
|5.||Apply elementary economic theories and techniques in business decision making and government policy; and|
|6.||Communicate the economic decision making process incorporating social, cultural and environmental objectives.|
Students studying under the VU Block Model.
|Test||Multiple choice tests - 2 progressive assessments (15%, 15%)||30%|
|Journal||Reflective Journals - 2 progressive assessments (15%, 15%)||30%|
Economics for Today, 4th Edition,
Layton, A., Robinson, T., and Tucker, B.T. (2012)
Cengage Learning, South Melbourne, Australia
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