Courses & Units

Economic Policy in Action BEA121


BEA121 Economic Policy in Action expands upon the key microeconomic and macroeconomic concepts introduced in BEA111 Introduction to Markets and the Economy. The first module of the unit focusses on extending the macroeconomics in BEA111 to consider international trade, exchange rates and the balance of payments. It also examines conventional and unconventional monetary and fiscal macroeconomic policy options to promote economic growth and manage shocks during times of crisis. The second module of the unit focuses on how to measure the economic impact of a new business or entity and its impacts on the well-being of different members of society.

The unit extends the range of macroeconomic concepts that can be used to understand national account and balance of payments data; and how to investigate issues using the economic method; and to address issues of real importance to business and economic development and to communicate information in an effective manner.

BEA121 is the second of two foundation level economics units offered by the Tasmanian School of Business and Economics. Taken together with BEA111 Introduction to Markets and the Economy, 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.


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? Yes
Delivered By University of Tasmania
Level Introductory


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


International students
Domestic students

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Key Dates

Study Period Start date Census date WW date End date
Semester 2 10/7/2023 8/8/2023 28/8/2023 15/10/2023

* 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 2023 are indicative and subject to change. Finalised census dates for 2023 will be available from the 1st October 2022. 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 $1,892.00 $1,482.00 not applicable $2,472.00

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:



AssessmentWeekly Quizzes (5%)|Workshop Presentation (10%)|National Economic Poll (15%)|Consultant Report (35%)|Macroeconomic Assignment (35%)
TimetableView the lecture timetable | View the full unit timetable



There is no prescribed textbook for this unit however students will find the textbook used in BEA111 a useful reference.

LinksBooktopia textbook finder

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