ECON20023 Economics for Business

This course encompasses a broad ranging introduction to economic theory and analysis as well as a study of some applications of economics to the Australian economy and to Australian enterprises. Students will be required to study macroeconomics (how the Australian economy works as a whole) and microeconomics (how individual businesses and sectors operate). Students will also be required to gain some understanding of why institutions are very important in an economy, and how internal and international trade creates economic wealth. Key goals in the course will be to raise your awareness of the importance of economic systems, introduce you to the different fields of economic theory that are relevant to business, and develop some analytical skills. IF YOU HAVE STUDIED THE COURSE ECON20024 "ECONOMICS OF THE ASIA PACIFIC" YOU SHOULD NOT STUDY THIS COURSE.