MAJ09209 Economics

The study of economics provides students with a greater understanding of how people, businesses and governments make decisions based on their economic environment. Many current issues discussed in public forums and of concern to business are economic in nature. Economics seeks to understand these issues by developing a systematic approach to analysing resource allocation, price determination, income distribution, economic growth and the welfare consequences of economic policies.

A major in economics provides students with powerful tools to systematically evaluate economic behaviour and policy for a wide range of economic problems: firm and consumer behaviour, labour markets, government tax and expenditure policy, education, environmental and resource management, regulating financial systems and managing the aggregate economy. Key analytical tools include microeconomic and macroeconomic theory, empirical analysis using econometric modelling, and game theory.

Economists have a wide range of career options. Employers recognise the ability of those trained in economics to think analytically and clearly about a wide range of issues. Economics majors are also well prepared for employment in diverse areas including business, government, consulting, public policy, industrial relations, international relations, media and environmental studies. Economics is a foundation for postgraduate study in many fields.

Students intending to apply for the honours program in economics should take two of the following optional subjects: 23592 Game Theory, 23565 Mathematics for Economics and Business, 23572 Applied Microeconometrics.

Anti-requisites: MAJ09402 Extended Economics, SMJ09028 Economics

Completion requirements