Introductory Economics and Personal Finance

Course aim

To provide students with a strong foundation in the principles of economics and personal finance, as well as the skills required to make informed decisions regarding economic and personal finance matters in today's world.

Course content

The course covers various topics in economics and personal finance, including the economic way of thinking, market demand and supply, the elasticity of demand and supply, measuring the size of the economy, unemployment and inflation, the personal financial planning process, personal financial statements, tools, and budgets, personal income taxes, and credit cards and consumer loans.

Textbook(s)

A. Layton, T. Robinson, T. Tang, D. Dharmaratna, I. Tucker, E. Garman, R. Forgue, 2024, eBook: CP1281 ECON 1012 Introductory Economics and Personal Finance, 1st edition, CENGAGE Learning Australia Limited, AU/NZ

Prerequisite(s)

Nil

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Online (Virtual Lecture)	2 hours x 10 weeks
Tutorial	2 hours x 10 weeks
EXTERNAL, CITY WEST, ONLINE
Online (Lecture recordings)	2 hours x 10 weeks
Online (Learning activities)	2 hours x 10 weeks
EXTERNAL, ONLINE SCHEDULED CLASS
Lecture (Virtual Classroom)	2 hours x 10 weeks
Tutorial (Virtual Classroom)	2 hours x 10 weeks

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

Assessment

Presentation, Problem solving exercise, Test/Quiz

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
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.