Introductory Economics and Finance

Course aim

This course provides and combines a foundation training in economics and personal finance. The different components of the course reinforce one another to provide coherent and wide-ranging foundation theories and techniques of economics and personal finance, understanding of which is essential for a career in business, economics, finance, trade and in any other disciplines of social science. Successful accomplishment of the course will enable students self-confidently choose their pathways into a suitable undergraduate program.

Course content

Introduction to economics, demand and supply analysis, elasticity of demand and supply, market structures, economic growth, gross domestic product, unemployment and inflation, personal financial planning process, personal financial statements & budgets, personal income taxes, managing personal cash and savings, making automobile & housing decisions, using credit, and using consumer loans.

Textbook(s)

Layton, A., Robinson, T. & Tucker, I.B. and Gitman, L.J., Joehnk, M.D. & Billingsley, R. 2019, Introductory Economics and Finance, compiled by Dr Wahid Murad, 2nd edition eBook: www.cengagebrain.com and/or www.coop.com.au, Cengage Learning, Australia

Prerequisite(s)

Nil

Corequisite(s)

Nil

Teaching method

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Group presentation, Major Assessment, Participation, Problem solving exercise

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.