Hobart
Introduction
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.
Summary 2021
| 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 |
| Coordinator | |
| Level | Introductory |
| Available as student elective? | Yes |
| Breadth Unit? | No |
Availability
Note
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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.
TNE Program units special approval requirements.
* 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).
Learning Outcomes
| LO1 | Define, measure and interpret microeconomic and macroeconomic concepts. |
| LO2 | Apply 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. |
| LO3 | Develop 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. |
Fees
Requisites
Prerequisites
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:
XPD104
Teaching
| Teaching Pattern | Please see the unit outline for details. |
|---|---|
| Assessment | Quiz (10%), Workshop (15%), Assignment (25%), Final Exam (50%). |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required | Please see the unit outline for details. |
|---|
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.