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	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