Courses & Units

Economic Policy in Action BEA121



BEA121 Principles of Economics 2expands upon the key microeconomic and macroecnomic concepts introduced in BEA111 Principles of Economics 1. The unit focusses on strategies firms use to maximise profit and the policies governments use to promote economic growth and manage shocks.  It empahasies the relevance and interplay of the macroeconomy and business behaviour and its impacts on the well-being of different members of society.

BEA121 Principles of Economics 2 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 microeconoic and 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.


Unit name Economic Policy in Action
Unit code BEA121
Credit points 12.5
Faculty/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Economics and Finance

Dr Mala Raghavan

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


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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Key Dates

Study Period Start date Census date WW date End date
Semester 2 12/7/2021 10/8/2021 30/8/2021 17/10/2021

* 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).

About Census Dates

Learning Outcomes

LO1Define, measure and interpret microeconomic and macroeconomic concepts.
LO2Apply microeconomic and macroeconomic concepts to describe the impact of global events, social change, government policy, changing economic conditions and the problems faced by government, business and individuals.
LO3Develop and critically evaluate basic microeconomic and macroeconomic policy solutions for firms and government, given current economic conditions and policy and identify their 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 $1,812.00 $1,419.00 not applicable $2,354.00

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.



Students enrolling in BEA121 are expected to have the following basic skills in mathematics (from high school)

  • Linear Functions–plotting functions, identifying slope and intercept.

Students enrolling in BEA121 are also expected to be able to use:

  • MS Excel and MS Word–to perform simple calculations and produce professional reports.

Mutual Exclusions

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



Teaching Pattern

Please see the unit outline for details.


Quiz (10%), Workshop (15%), Assignment (25%), Final Exam (50%).

TimetableView the lecture timetable | View the full unit timetable



Please see the unit outline for details.

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