Courses & Units

Principles of Economics 1 BEA111

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


MyLO will open for the Spring (Extended) study period on Monday 28 October for self-directed study however classes will not commence until week 5 of the study period (week beginning Monday the 25th of November). Enrolment will be permitted until teaching commences, for more information please contact


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 College of Business & Economics
Tasmanian School of Business and Economics
Discipline Economics and Finance

Dr Paul Blacklow and Dr Dugald Tinch (Hobart; Cradle Coast; Distance)
Dr Maria Yanotti (Launceston)
Dr Clinton Levitt (Shanghai & Hong Kong)
Rachel Nichols (Spring Extended)

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
Hobart Spring school (extended) On-Campus Off-Campus International International Domestic Domestic
Launceston Accelerated Study Period 1 On-Campus International Domestic
Launceston Accelerated Study Period 3 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


International students
Domestic students

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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.

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Key Dates

Study Period Start date Census date WW date End date
Semester 1 25/2/2019 22/3/2019 15/4/2019 2/6/2019
Spring school (extended) 28/10/2019 20/11/2019 23/12/2019 16/2/2020
Accelerated Study Period 1 4/2/2019 22/2/2019 20/3/2019 3/5/2019
Accelerated Study Period 3 16/9/2019 4/10/2019 30/10/2019 13/12/2019
Shanghai Semester 2 25/2/2019 22/3/2019 15/4/2019 2/6/2019

* 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 2019 are indicative and subject to change. Finalised census dates for 2019 will be available from the 1st October 2018.

About Census Dates



Band CSP Student Contribution Full Fee Paying (domestic) Field of Education
3 2019: $1,369.00 2019: $2,200.00 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.

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