Courses & Units

Economic Policy in Action BEA121



BEA121 is the second of two foundation level economics
units offered by the Tasmanian School of Business and Economics. Taken together
with BEA111 Principles of Economics 1, BEA121 provides you with a comprehensive
introduction to macroeconomic theory and policy, and forms a strong foundation if
you are planning to continue your study of economics.
BEA121 is a compulsory unit in the Bachelor of Economics (BEc) degree. It is also a
compulsory unit in all the Economic majors offered by the Tasmanian School of
Business and Economics, and is a nominated elective in a wide range of other
programs throughout the University of Tasmania. The unit introduces a wide range of
macroeconomic concepts that can be used to understand business reports; to
investigate economic issues in a scientific way; to address issues of real importance to
business performance and to communicate information in an effective manner.


Unit name Economic Policy in Action
Unit code BEA121
Credit points 12.5
College/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Economics and Finance
Coordinator Doctor Paul Blacklow
Available as student elective? No
Level Introductory


Location Study period Attendance options Available to
Hobart Semester 2 On-Campus Off-Campus International International Domestic Domestic


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.

Key Dates

Study Period Start date Census date WW date End date
Semester 2 11/7/2022 9/8/2022 29/8/2022 16/10/2022

* 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 2022 are indicative and subject to change. Finalised census dates for 2022 will be available from the 1st October 2021.

About Census Dates

Learning Outcomes

  • Define, measure and interpret key microeconomic and macroeconomic concepts.
  • Apply basic microeconomic and macroeconomic models to describe the impact of global and local events, social change, government policy on markets, market participants and macroeconomy.
  • Develop and critically evaluate basic microeconomic and macroeconomic policy and identify welfare implications for different members of society.
Field of Education Commencing Student Contribution 1 Grandfathered Student Contribution 1 Approved Pathway Course Student Contribution 2 Domestic Full Fee
091901 $1,828.00 $1,432.00 not applicable

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.


Mutual Exclusions

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



AssessmentTest or quiz (10%)|Examination - invigilated (internally) (50%)|Assignment (25%)|Workshop (15%)
TimetableView the lecture timetable | View the full unit timetable



You will need the following text: Bernanke, BS, Olekalns, N & Frank, RH 2014, Principles of macroeconomics, 4th edn, McGraw-Hill, Australia

LinksBooktopia textbook finder

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