Details for BUS102 Economics

Understanding contemporary economics is essential for navigating today’s complex financial landscape. This subject equips students with theoretical tools and practical applications, examining economics’ historical, ethical, and theological dimensions. Topics include market dynamics, public policy, and the economics of religion, preparing students for informed analysis and decision-making.

Quick Stats

• Currently offered by Alphacrucis: Yes
• Course code: BUS102
• Credit points: 10

Subject Coordinator

Prerequisite

Nil

Unit Content

Outcomes

1. Explain and visualise fundamental economic concepts
2. Apply basic economic concepts to current business/social problems
3. Implement economic theory in the form of policies and individual firm behaviour
4. Evaluate the impact of policies and its economic and social impact

Subject Content

1. Introduction to Economics
2. Supply and Demand
3. Elasticity
4. Externalities and Public Goods
5. Production and Costs, Market Structures, Competition, Monopoly, Monopsony
6. Labour Markets, Inequality and Poverty
7. Macroeconomics, Money, Interest Rates and the Financial System
8. Growth and Business Cycles, Inflation, Unemployment, Monetary and Fiscal Policy
9. International Trade and Exchange Rates
10. Economics of Religion

This course may be offered in the following formats

• Face-to-Face
• Distance / Global Online

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis University College.

Assessment Methods

• Forum Post and Reflection (10%)
• Economic Analysis (20%)
• Group Case Study Report and Presentation (30%)
• Final Exam (40%)

Prescribed Text

• Mankiw, N.G. Principles of Economics. 10th ed. Cengage Learning, 2023.

Check with the instructor each semester before purchasing any textbooks