[UTS] 23566 - Economics for Business 2 (Solutions)

This subject will help you extend your understanding of economic principles by building on the foundational knowledge you developed in Economics for Business. You’ll further explore the nature of decisions that underpin the notions of market demand and supply, and you’ll deepen your grasp of the broader economic forces influencing the macroeconomy.

You will learn to analyse firm production choices, consumer behaviour, the effects of government policy, and factors driving long-term economic growth. Additionally, you'll acquire essential quantitative skills for economic analysis. Learning is interactive, utilising online quizzes, lecture slides, supplementary notes and weekly tutorial exercises. Active participation in tutorials and online forums will facilitate collaboration with staff and other students, and through these activities you’ll receive regular feedback on the progress of your learning, ensuring that you develop a sound understanding of markets and the macroeconomy.

✔ Upon completion of this subject, graduates will be able to:

• Explain a number of important extensions and modifications to the theory of markets, some important implications of macroeconomic policy decisions and the forces that affect long run economic growth
• Critically evaluate a broader range of government policies at both the microeconomic and macroeconomic levels, incorporating principles of social responsibility and inclusion
• Collaboratively and effectively communicate critical evaluations of economic phenomena in writing, enhancing teamwork skills by developing and presenting analyses as a cohesive group
• Critically reflect how Indigenous experiences intersect with economic policies to inform education strategies that support Indigenous communities