Courses & Units

Principles of Economics 1 BEA111

Hobart, Launceston, Cradle Coast, Hong Kong Universal Ed, Shanghai Ocean University


Principles of Economics 1 enables you to improve your decision-making in all domains of your life. The unit will enable you to better understand aspects of the microeconomic policy environment in which you operate, and to apply the key economic concepts that help managers form successful competitive strategies and run more profitable firms. Taken together with BEA121 Principles of Economics 2, Principles of Economics 1 provides you with a comprehensive introduction to economic theory and policy, and forms a strong foundation for further study in economics. 

Principles of Economics 1 is a compulsory unit in the Bachelor of Economics (BEc) and Bachelor of Business (BBus) degrees.


Unit name Principles of Economics 1
Unit code BEA111
Credit points 12.5
Faculty/School Tasmanian School of Business & Economics (TSBE)
Discipline Economics and Finance

Dr Clinton Levitt

Teaching staff

Dr Clinton Levitt, Mrs Maria Yanotti & Mr Max Darvell

Level Introductory
Available as student elective? Yes
Breadth Unit? No


Location Study period Attendance options Available to
Hobart Semester 1 On-Campus Off-Campus International International Domestic Domestic
Launceston Semester 1 On-Campus International Domestic
Cradle Coast Semester 1 On-Campus International Domestic
Hong Kong Universal Ed Semester 1 On-Campus International
Shanghai Ocean University Shanghai Semester 2 On-Campus International Domestic


International students
Domestic students

Units are offered as On-campus where the majority of teaching will occur at the campus identified.  Units offered Off-campus generally have no requirement for attendance at a physical university campus unless the unit has practical or fieldwork components*:  the campus indicated for an Off-Campus unit is the one at which teaching is administered from.

*Please read the Unit Introduction in the Course and Unit Handbook for attendance requirements for units offered in Off-campus mode.

* 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 2017 are indicative and subject to change. Finalised census dates for 2017 will be available from the 1st October 2016.

About Census Dates

Key Dates

Study Period Start date Census date WW date End date
Semester 1 27/2/2017 23/3/2017 17/4/2017 2/6/2017
Shanghai Semester 2 20/2/2017 22/3/2017 10/4/2017 26/5/2017



Band CSP Student Contribution Full Fee Paying (domestic) Field of Education
3 2017: $1,324.00 2017: $2,055.00 091901

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.


Mutual Exclusions

You cannot enrol in this unit as well as the following:



Teaching Pattern

1 x 2 hour lecture per week, 1 x 1 hour tutorial per week.


Internal assessment 40%; Final exam 60%. Please see the unit outline for details.

TimetableView the lecture timetable | View the full unit timetable



Please see the unit outline for details.

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The University reserves the right to amend or remove courses and unit availabilities, as appropriate.