This unit (BEO6600) develops an evidence-based approach to economic decision-making in a dynamic market environment and critically examines the rationale for and effectiveness of government policy and regulation. Microeconomic topics include an analysis of the competitive environment facing firms, including: pricing, market structure, market failure and transaction costs. Macroeconomic topics include a review of significant national and international economic challenges, including: business cycles, inflation, unemployment and international competitiveness. These will be examined from the perspective of government stabilisation policies and strategies to enhance productivity, international competitiveness and economic growth.

Unit details

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Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Implement and explicate core and advanced economic concepts, including recent developments in the discipline;  
  2. Assess and analyse business problems by applying economic reasoning and analytical skills to make informed judgements and decisions;  
  3. Analyse and interpret economic information to address economic problems;  
  4. Articulate complex economic ideas clearly and coherently, in written and oral form to expert and non-expert audiences; and  
  5. Critically reflect and evaluate the nature and implications of assumptions and value judgements in economic analysis and policy.  


Assessment type Description Grade
Assignment Application of economic principles and concepts (Individual) 20%
Report Analysis of economic scenario (Group) 30%
Test Short answer questions 50%

Required reading

Principles of economics: Asia-Pacific edition (7th ed.).
Gans, J,, King, S., Stonecash, R., Byford, M., Libich, J., & Mankiw, N. G. (2018).
South Melbourne: Cengage Learning Australia.

Where to next?

As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

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