Hobart, Launceston, Cradle Coast
Principles of Economic Thought is designed to give you a broad introduction to the foundation principles of economic thought, and will demonstrate the usefulness of the principles to better understand the behaviour of people, business, and government. By introducing you to a small number of core economic concepts and tools, and by demonstrating their wide ranging application, this unit provides you with the opportunity to improve decision making in all domains of your life and to better understand aspects of the business and policy environments in which you operate, both individually and collectively. The unit also highlights the use of key economic concepts that can assist people in their role as managers to form successful competitive strategies, and to run more profitable firms. Some of the topics covered in this unit include the laws of supply and demand, market structure, specialisation, game theory, information asymmetry and the welfare implication of business decisions and government policy.
|Unit name||Introduction to Economic Thought|
|Faculty/School||Tasmanian School of Business & Economics (TSBE)
|Discipline||Tasmanian School of Business & Economics|
Dr Clinton Levitt
|Available as student elective?||Yes|
|Location||Study period||Attendance options||Available to|
|Hobart||Semester 1||On-Campus||Off-Campus||International International||Domestic Domestic|
|Cradle Coast||Semester 1||On-Campus||International||Domestic|
- International students
- Domestic students
Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
Special approval is required for enrolment into TNE Program units.
|Study Period||Start date||Census date||WW date||End date|
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).
Unit census dates currently displaying for 2018 are indicative and subject to change. Finalised census dates for 2018 will be available from the 1st October 2017.
LO1: Define, measure and use key economic concepts in a business environment.
LO2: Describe the framework used in economics for making and analysing business decisions.
LO3: Use economic theory to explain decisions made by individuals, businesses, government, and identify the ethical and welfare impacts of these decisions.
|Band||Field of Education|
Fees for next year will be published in October. The fees above only apply for the year shown.
Please note: international students should refer to this page to get an indicative course cost.
Weekly 1 hr lecture, 1 hr tutorial and 1 hr workshop
In-workshop tests, essays and final exam
|Timetable||View the lecture timetable | View the full unit timetable|
Please see the unit outline for details.
Co-op Bookshop links
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.