Courses Handbook 2010

1234 (v.4) Economics 100


Area: School of Economics and Finance
Credits: 25.0
Contact Hours: 3.0
** The tuition pattern below provides details of the types of classes and their duration. This is to be used as a guide only. For more precise information please check your unit outline. **
Lecture: 1 x 2 Hours Weekly
Tutorial: 1 x 1 Hours Weekly
Syllabus: What is economics? The economic problem; scarcity; opportunity cost, marginal analysis, efficiency, equity, economic models; production possibility frontier. Demand and supply analysis - markets and prices; demand; supply; market equilibrium. Elasticity - price elasticity of demand and total revenue; income elasticity of demand; cross elasticity of demand; price elasticity of supply. Efficiency and equity - consumer surplus; producer surplus; efficiency versus fairness. Markets in action - price controls; taxes; global markets; free trade and protection. Market failure - externalities; property rights. Case theorem, public goods; common resources. The economics of the firm - economic profit, decision time frames; production function; law of diminishing returns; short run cost; economies and diseconomies of scale. Market structures - pricing and output decisions of firms in different markets; perfect competition; monopoly; monopolistic competition, and oligopoly.
** To ensure that the most up-to-date information about unit references, texts and outcomes appears, they will be provided in your unit outline prior to commencement. **
Field of Education: 091901 Economics
SOLT (Online) Definitions*: Informational
*Extent to which this unit or thesis utilises online information
Result Type: Grade/Mark

Availability

Year Location Period Internal Partially Online Internal Area External Central External Fully Online
2010 Bentley Campus Summer School Y        
2010 Bentley Campus Semester 1 Y        
2010 Bentley Campus Semester 1       Y  
2010 Bentley Campus Semester 2 Y        
2010 Esperance Community College Semester 1         Y
2010 Kalgoorlie Campus Semester 1         Y
2010 Margaret River Campus Semester 1 Y        
2010 Pilbara TAFE Karratha Semester 1         Y
2010 Pilbara TAFE Sth Hedland Semester 1         Y
2010 Sydney Campus Semester 1S Y        
2010 Charles Telfair Inst Mauritius Study Period 1 Y        
2010 Charles Telfair Inst Mauritius Semester 1 Y        
2010 Charles Telfair Inst Mauritius Trimester 1A Y        
2010 INTI Intern'l College Penang Semester 1 Y        
2010 INTI Intern'l College Penang Semester 2 Y        
2010 Metropolitan College Malaysia Study Period 1 Y        
2010 Metropolitan College Malaysia Semester 1 Y        
2010 Miri Sarawak Campus Study Period 1 Y        
2010 Miri Sarawak Campus Semester 1 Y        
2010 Miri Sarawak Campus Semester 2 Y        
2010 Singapore Campus Trimester 1A Y        
2010 Univ Econ Ho Chi Minh Vietnam Trimester 2A Y        

Area External refers to external course/units run by the School or Department or offered by research.

Central External refers to external and online course/units run through the Curtin Bentley-based Distance Education Area

Partially Online Internal refers to some (a portion of) learning provided by interacting with or downloading pre-packaged material from the Internet but with regular and ongoing participation with a face-to-face component retained. Excludes partially online internal course/units run through the Curtin Bentley-based Distance Education Area which remain Central External

Fully Online refers to the main (larger portion of) mode of learning provided via Internet interaction (including the downloading of pre-packaged material on the Internet). Excludes online course/units run through the Curtin Bentley-based Distance Education Area which remain Central External

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