Courses & Units

Principles of Economics 2 BEA121




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 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 Principles of Economics 2
Unit code BEA121
Credit points 12.5
Faculty/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Economics and Finance

Dr Paul Blacklow

Teaching staff

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


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

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Key Dates

Study Period Start date Census date WW date End date
Semester 2 13/7/2020 10/8/2020 31/8/2020 18/10/2020

* 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 2020 are indicative and subject to change. Finalised census dates for 2020 will be available from the 1st October 2019.

About Census Dates

Learning Outcomes

  • LO1: Define, measure and interpret key economic concepts.
  • LO2: Apply an economic way of thinking to explain simple macroeconomic and global economic events, decisions and actions.
  • LO3: Use economic theory and models to: review a range of economic problems faced by consumers, businesses and governments; develop solutions which ensure the well-being of organisations and society; and critically evaluate the use of macroeconomic policies in decision making.



Band CSP Student Contribution Full Fee Paying (domestic) Field of Education
3 2020: $1,394.00 2020: $2,354.00 091901

Fees for next year will be published in October. The fees above only apply for the year shown.

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:



Teaching Pattern

1 x 2 hour lecture, 1 x 1 hour workshop per week. Please check the unit outline for details.


Quiz (10%), Group assignment (15%), Workshop (15%), Final exam (60%).

TimetableView the lecture timetable | View the full unit timetable



Bernanke, BS, Olekalns, N & Frank, RH 2014, Principles of macroeconomics, 4th edn, McGraw-Hill, Australia


Booktopia textbook links

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.