UNIVERSITY OF TASMANIA 
BEA121: Economic Policy in Action 
Final Examination Guide and Notes 2026 
 
- Part 01. Revision Notes 
- Part 02. Sample Final Examination Paper 
- Part 03. Suggested Solutions to Final Exam Paper 
- Part 04. Final Examination - Hints and Tips 
 
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University of Tasmania - BEA121: Economic Policy in Action

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ACADEMIC YEAR 2025 - 2026

University	University of Tasmania
Study Level	Undergraduate
Unit Code	BEA121
Unit Name	Economic Policy in Action
Notes Title	Final Examination Guide and Notes
Page Length	78

Prepare for BEA121: Economic Policy in Action at the University of Tasmania with a clear, up-to-date revision guide built for the final examination. Inside are syllabus-aligned notes, concise explanations, helpful diagrams, and sample exam papers with fully worked solutions so you practise under realistic conditions. Each section flags frequent mistakes and includes quick checks to keep revision focused. Use it alongside your study materials to test understanding, refine technique, and apply knowledge in the exam.

BEA121: Economic Policy in Action focusses on strategies firms use to maximise profit and the policies governments use to promote economic growth and manage shocks. It empahasies the relevance and interplay of the macroeconomy and business behaviour and its impacts on the wellbeing of different members of society.

The topics to be covered include:

Introduction
Technology, Production and Costs
Firms in Perfect Competition
Monopolies and Price Discrimination
The Labour Market
Welfare, Poverty, Inequality and Redistribution
Aggregate Expenditure and the Multiplier
Aggregate Demand and Supply: Short vs Long Run
Shocks and Policy in Macroeconomic models
The Open Economy - International Trade
The Open Economy - Balance of Payments and Exchange Rates
Macroeconomic Policies in an open Economy

UNIT CODE	UNIT NAME
BEA111	Introduction to Markets and the Economy
BEA121	Economic Policy in Action
BEA140	Data Analysis for Business
BAA215	Business and Corporate Law
BEA242	Introduction to Econometrics
BEA286	Investment Analysis
BEA320	Monetary and Fiscal Policy
BEA321	Banking and Financial Institutions
BEA342	Forecasting for Economic Decision-Making
BEA343	Corporate Finance
BEA380	Derivative Securities
BFA104	Accounting Context and Method
BFA107	Financial Management
BFA201	Financial Accounting
BFA301	Advanced Financial Accounting
BFA312	Management Accounting
BFA391	Taxation
BMA101	Introduction to Management
BMA151	Principles of Marketing

University of Tasmania - BEA121: Economic Policy in Action

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