Courses & Units

Principles of Economics 1 BEA111

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


Principles of Economics 1 is a compulsory unit in the Bachelor of Economics (BEc) and Bachelor of Business (BBus) degrees. It is also available as a student elective in a wide range of other programs throughout the University of Tasmania.

Principles of Economics 1 is the first in a sequence of two foundation level economics units offered by the School of Economics and Finance. Principles of Economics 1 enables students to improve decision making in all domains of their lives, to better understand aspects of the microeconomic policy environment in which they operate and to apply 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 students with a comprehensive introduction to economic theory and policy, and forms a strong foundation for students planning to continue their study of economics. (2015)


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, Dr Kathryn Allen

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 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


International students
Domestic students

Please check that your computer meets the minimum System Requirements if you are attending via Distance/Off-Campus.

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.

TNE Program units special approval requirements.

Key Dates

Study Period Start date Census date WW date End date
Semester 1 23/2/2015 23/3/2015 13/4/2015 29/5/2015
Spring school (extended) 31/10/2015 23/11/2015 22/12/2015 13/2/2016
Shanghai Semester 2 9/3/2015 30/3/2015 25/4/2015 12/6/2015

* 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 2015 are indicative and subject to change. Finalised census dates for 2015 will be available from the 1st October 2014.

About Census Dates



Band CSP Student Contribution Full Fee Paying (domestic) Field of Education
3 2015: $1,283.00 2015: $1,957.00 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


RecommendedPlease see the unit outline for details.
Booktopia textbook links

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