11011 (v.3) Legal Framework 100

Area:	School of Business Law
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
Equivalent(s):	300673 (v.3) BLW14 Legal Framework or any previous version
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; price elasticity 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; Coase theorem, public goods, common resources. The economics of the firm - economic profit; decision time frames; production function; law of diminishing returns; short run cost; fixed and variable cost; average and marginal cost; long run cost; economies and diseconomies of scale. Market structures - pricing and output decisions of firms in different markets; perfect competition; monopoly; monopolistic competition; 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:	090900 Law (Narrow Grouping)
SOLT (Online) Definitions*:	Supplemental *Extent to which this unit or thesis utilises online information
Result Type:	Grade/Mark

Availability

Year	Location	Period	Internal
2008	Bentley Campus	Semester 1	Y
2008	Esperance Community College	Semester 1	Y
2008	Kalgoorlie Campus	Semester 1	Y
2008	Margaret River Campus	Semester 1	Y
2008	Pilbara TAFE Karratha	Semester 1	Y
2008	Pilbara TAFE Sth Hedland	Semester 1	Y
2008	Sydney Campus	Semester 2S	Y
2008	De Chazal Du Mee Bus Mauritius	Study Period 1	Y
2008	Metro College Malaysia	Study Period 1	Y
2008	Miri Sarawak Campus	Semester 1	Y
2008	Miri Sarawak Campus	Semester 2	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