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FP0102 - Introductory Economics

[Not offered in 2011]

Credit points: 3
Year: 2011
Student Contribution Band: Band 3
Administered by: School of Business

Subject available as part of a Foundation Program for students seeking entry to a university course.

Introductory economics prepares the student to understand the economy from both the government and private sector perspectives and provides an appreciation of the inter relatedness of economies globally. By the time you have completed this subject you will have a basic understanding of economics and will be able to critically interpret the financial and political news and current affairs and determine the likely impact of statements and discussions on how to maximise material wants with limited resources.

Learning Outcomes

  • Be made aware of theories and principals underpinning the study of economics;
  • Understand key economic issues and interpret key economic indicators;
  • Acquire knowledge of key decision making processes at the micro and macro economic level;
  • Implement the fundamentals of economic research and be able to communicate any findings in a logical and coherent manner.

Graduate Qualities

  • The ability to define and to solve problems in at least one discipline area;
  • The ability to deploy critically evaluated information to practical ends;
  • The acquisition of coherent and disciplined sets of skills, knowledge, values and professional ethics from at least one discipline area;
  • The ability to generate, calculate, interpret and communicate numerical information in ways appropriate to a given discipline or discourse;
  • The ability to select and use appropriate tools and technologies.

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.