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Business Economics
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BUECO6903 - Business Economics
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20240200
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1.1
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2026-09-10
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2026-09-10
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Business
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Institute of Innovation, Science & Sustainability
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Business
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Postgraduate - Coursework
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15
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.125
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080399
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Business and Management, n.e.c.
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080399 - Business and Management, n.e.c.
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<a href="http://www.federation.edu.au/locate/unit/bueco6903">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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Masters Degree
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<p>This course will enable students to develop an understanding of fundamental economic principles and a basic knowledge of economic problems, theories and policies. This course focuses on the application of economic concepts in individual and business decision-making process, and in understanding macroeconomic issues. The completion of this course will enable students to understand firms and consumers’ behaviours, and aggregate economic behaviour such as economic growth, money, inflation, and unemployment. It is designed as an introductory course, thus no pre-requisite in economics is required.</p>
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<p>•Micro-economics<br>
•Macro-economics<br>
•Behavioural economics<br>
•Ecological economics</p>
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<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
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Semester
0200
Year
Year
2027
Current Year
2026
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BUECO6903 - Business Economics
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BUECO6903 - Business Economics
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Semester
Semester 1
Semester 2
Summer Semester
Year
2027
2026
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Overview
Key information
Requisites
Learning outcomes
Assessment
FedTASK
Parent Region
Overview
Unit description
<p>This course will enable students to develop an understanding of fundamental economic principles and a basic knowledge of economic problems, theories and policies. This course focuses on the application of economic concepts in individual and business decision-making process, and in understanding macroeconomic issues. The completion of this course will enable students to understand firms and consumers’ behaviours, and aggregate economic behaviour such as economic growth, money, inflation, and unemployment. It is designed as an introductory course, thus no pre-requisite in economics is required.</p>
Unit content
<p>•Micro-economics<br> •Macro-economics<br> •Behavioural economics<br> •Ecological economics</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
080399 - Business and Management, n.e.c.
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/bueco6903">View unit fees</a>
Requisites
Prerequisite
None
Corequisite
None
Exclusion
<p>must not have completed "<a href="/ords/r/curriculum/catalogue/course?p6_code=BUECO5903" target="_blank">BUECO5903</a>"</p>
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
K1
<p>Identify and describe the principles which determine the behaviour of economic agents (households, firms, governments, financial institutions and the central banks): how they affect each other’s behaviour and appraise their roles in society</p>
K2
<p>Examine and understand the application of market models (market supply and market demand curves) for price determination and resource allocation</p>
K3
<p>Comprehend the concepts of market success, failure and market structures</p>
K4
<p>Identify and explain the causes and types of unemployment and inflation, and the role of the Government and the Central Bank in dealing with these issues using monetary and fiscal policies</p>
S1
<p>Illustrate how economic agents interact and affect each other’s behaviour, using the studied economic concepts, models and indicators</p>
S2
<p>Demonstrate cost and revenue functions of a firm and the effect on profit determination</p>
S3
<p>Identify and illustrate the main characteristics of different market structures, predict, and communicate the market determined price, output and profitability outcomes</p>
S4
<p>Illustrate and explain using the studied diagrammatic models and concepts how macro economic variables and conditions, such as unemployment and inflation and policy options (fiscal, monetary) influence each other</p>
A1
<p>To develop economic intuition regarding consumer (household), firm, government, financial institution and central bank decisions</p>
A2
<p>Evaluate and critically analyse government policy</p>
A3
<p>Determine the effect on economic growth of various changes in economic activity</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Reflections: Critical understanding of the reading</p>
<p>Four reflections, one each week</p>
<p>40%</p>
K1, K2, K3, K4, S1, S2, S3, S4, A1, A2, A3
2
<p>In-class presentation: Research, analyse, critical understanding</p>
<p>Presentation</p>
<p>20%</p>
K1, K2, K3, K4, S1, S2, S3, S4, A1, A2, A3
3
<p>Final report: Analyse and write a report and link with wder discourse in economy</p>
<p>Report</p>
<p>40%</p>
K1, K2, K3, K4, S1, S2, S3, S4, A1, A2, A3
Supplementary assessment available:
Yes
Supplementary assessment information:
<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
FedTASK
FedTASK
<p>Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FedTASKs (<strong>T</strong>ransferable <strong>A</strong>ttributes <strong>S</strong>kills and <strong>K</strong>nowledge) provide a targeted focus on five key, transferable Attributes, Skills, and Knowledge that are embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and co-operative learning opportunities.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
080399 - Business and Management, n.e.c.
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/bueco6903">View unit fees</a>
Additional information
Cards Section - Non Research
Add Info Static Text
Internal reference: BUECO6903 - U1.1