Hobart, Launceston, Cradle Coast, Hong Kong Universal Ed
BEA111 Introduction to Markets and the Economy is a compulsory unit in the Bachelor of Economics (BEc) and Bachelor of Business (BBus) degrees. It is also a nominated elective in a wide range of other programs throughout the University of Tasmania and combining this unit with almost any other area of study can add considerable value. By introducing students to a small number of core economic concepts and tools, and by demonstrating their wide ranging application, BEA111 provides students with the opportunity to improve decision making in all domains of their lives and to better understand aspects of the business and policy environments in which they 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. BEA111 Introduction to Markets and the Economy is the first in a sequence of two foundation level economics units offered by the Tasmanian School of Business and Economics. Taken together with BEA121 Economic Policy in Action, BEA111 provides students with a comprehensive introduction to economic theory and policy, and forms a strong foundation for students planning to continue their studies of economics and finance.
|Unit name||Introduction to Markets and the Economy|
|Faculty/School||College of Business & Economics
Tasmanian School of Business and Economics
|Discipline||Economics and Finance|
Dr Bao Nguyen (Launceston, Hong Kong, Shanghai)
|Available as student elective?||Yes|
|Location||Study period||Attendance options||Available to|
|Hobart||Semester 1||On-Campus||Off-Campus||International International International||Domestic Domestic Domestic|
|Launceston||Accelerated Study Period 1||On-Campus||Off-Campus||International International International||Domestic Domestic Domestic|
|Cradle Coast||Semester 1||On-Campus||International||Domestic|
|Hong Kong Universal Ed||Semester 1||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.
Special approval is required for enrolment into TNE Program units.
|Study Period||Start date||Census date||WW date||End date|
|Accelerated Study Period 1||1/2/2021||24/2/2021||18/3/2021||2/5/2021|
* 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).
- LO1: Define, measure and interpret key microeconomic concepts.
- LO2: Use economic theory and models to describe markets as well as describe when markets fail and outline solutions to market failures.
- LO3: Use economic theory and models to describe economic decisions made by individuals, businesses and governments as well as identify ethical and welfare implications.
|Field of Education||Commencing Student Contribution 1||Grandfathered Student Contribution 1||Approved Pathway Course Student Contribution 2||Domestic Full Fee|
1 Please refer here more information on student contribution amounts.
2 Information on eligibility and Approved Pathway courses can be found here
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.
Please note: international students should refer to this page to get an indicative course cost.
You cannot enrol in this unit as well as the following:
BEA110, XPD102, BAA110
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.
|Timetable||View the lecture timetable | View the full unit timetable|
Please see the unit outline for details.
|Links||Booktopia textbook finder|
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