Economics for Accountants
UoS Code ECON5003
Credit points 6
Offered Semester 1, Semester 2 and Summer
Prerequisites
Corequisites
Prohibitions ECON5001, ECON5002
Assumed Knowledge
Additional Information NOTE: This unit of study is ONLY available to students enrolled in the Master of Professional Accounting degree
Lectures 3 hrs per week
Assessment 2 mid semester exams, final exam
Description The broad aim of this unit is to provide an introduction to economic analysis that is useful in the business world. The unit develops vital microeconomic and macroeconomic principles, using case studies to enhance understanding. Particular emphasis is given to explaining how economic agents make choices in a variety of environments. The unit covers situations where strategic interactions are important and investigates the macro-environment in which businesses operate.