BUS161: Introduction to Economics

Economics is a study of how societies can best use and distribute the world's scarce resources to meet human needs and wants. This unit provides a valuable foundation of how economies operate, how businesses and individuals use economics in their decision making, and why governments implement certain economic policies. These include policies on unemployment, inflation, the environment, interest rates and the welfare of society. The unit also covers international issues including poverty, foreign debt, free trade and the global economy.

Points	3
Enrolment Options	Murdoch: F3-internal (full fee-paying), S1-internal, S1-external, S2-internal, S2-external
Contact Time	Lectures: 2 hours per week; workshops: 1 hour per week.
Prerequisites	Nil. This unit assumes no prior knowledge of economics and is a prerequisite for many Part II units in Economics. Co-requisite: Internet access if studying externally.
Notes	Certain offerings of this unit may only be taken on a non Commonwealth-supported up-front full fee-paying basis, as indicated in the unit offerings.
School	School of Business
Unit Coordinator	Dr Anne Garnett Position: Senior Lecturer - Economics E-mail: A.Garnett@murdoch.edu.au Location: Murdoch Campus Economics, Commerce and Law Room 4.007 Phone: Prefix: +618 9360 6056
Unit Contacts	Contact Phone Prefix: +618 Location Explanation of Location Codes Teaching Period(s) Dr Anne Garnett Senior Lecturer - Economics (A.Garnett@murdoch.edu.au) 9360 6056 Murdoch Campus Economics, Commerce and Law Room 4.007 MURDOCH F3: Internal (04/01/2010 - 05/02/2010)   MURDOCH S1: Internal (15/02/2010 - 11/06/2010)   MURDOCH S1: External (15/02/2010 - 11/06/2010)   MURDOCH S2: Internal (02/08/2010 - 26/11/2010)   MURDOCH S2: External (02/08/2010 - 26/11/2010)

Check the Teaching Timetable Search for a Booklist for BUS161 View Reserve and ECMS resources for BUS161 View further details in the Handbook

Key to Offshore Campus Location abbreviations: APMISIN Asia Pacific Management Institute (Singapore) CEJTOKYO Chiropractic Education Japan (Tokyo) JKURASHIKI NET Corporation (Kurashiki, Japan) KDUPG KDU College (Penang, Malaysia) KDUPJ KDU College (Petaling Jaya, Malaysia) SGP-REPOLY Republic Polytechnic (Singapore) SMANUFED Singapore Manufacturing Federation ZHENGZHOU Zhengzhou University (China)