25745 Economics: Concepts and Applications
6cp Postgraduate
This is a foundation subject in the MBA and certain specialisations in the Master of Business degree program for students with limited work experience. Its main purposes are to explain economic ideas and their applications in business decisions and to explain the behaviour of the economy and the government's involvement in managing the economy. The subject divides into two parts. Part 1 examines the problems of the economy and the models that form the basis of the government's attempts to manage the economy's economic performance in an international context. Part 2 explains demand and supply and the role of market forces on business decisions. The main objective is to develop a capacity to analyse industries and their impact on the prospects and risks of firms.
2007 contribution for post-2004 Commonwealth-supported students: $889.75
2007 amount for undergraduate domestic fee-paying students: $2,280.00
Subject EFTSL: 0.125
Note: The above fees are applicable in 2007 for Commonwealth-supported students who commenced after 2004 and domestic fee-paying undergraduate students only. Pre-2005 Commonwealth-supported students should consult the
Student contribution charges for Commonwealth supported students webpage.
Not all students are eligible for Commonwealth supported places, and not all subjects are available to Commonwealth supported students. Domestic fee-paying students and international students should refer to the
Fees webpage.
Note: The requisite information presented in this subject description covers only academic requisites. Full details of all enforced rules, covering both academic and admission requisites, are available at
Access conditions and My Student Admin.