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
Coordinator Doctor Paul Blacklow
Available as an elective? No
Delivered By University of Tasmania
Level Introductory


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


International students
Domestic students

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 (refer to How do I withdraw from a unit? 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. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

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.

Fee Information

Field of Education Commencing Student Contribution 1,3 Grandfathered Student Contribution 1,3 Approved Pathway Course Student Contribution 2,3 Domestic Full Fee 4
091901 $1,828.00 $1,432.00 not applicable $2,354.00

1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.

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 What is an indicative Fee? 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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