|1.||Discuss the basic fundamental problem of scarcity facing modern societies;|
|2.||Demonstrate the developing use of the market dynamics model in economic reasoning and problem solving;|
|3.||Analyse key 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 and explain elementary economic theories and techniques in business decision making and government policy, incorporating social, cultural and environmental objectives; and|
|6.||Demonstrate the development of key fundamental academic and professional skills required for further study and the workforce.|
Students studying under the VU Block Model.
|Test||Class Test - Microeconomics (500 words)||15%|
|Test||Class Test - Macroeconomics (500 words)||25%|
|Assignment||Analytical Assignment (2000 words||50%|
|Assignment||Analytical Assignment (1000 words)||25%|
|Test||Class Test (500 words)||15%|
|Test||Class Test (500 words)||10%|
|Examination||Final Exam (1500 words)||50%|
Economics for Today 5th Edition
Layton, A., Robinson, T., and Tucker, B.T. (2012)
Cengage Learning, South Melbourne, Australia
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