Economics is a social science which studies the ways in which people interact with one another and make decisions in a world with limited resources. The goal of this course is to provide you with the basic tools to “think like an economist” – that is, to be able to use basic economic principles to ask and answer questions about how the world works or the effects of policies. We will cover topics such as how individuals or firms make decisions about the demand or supply of a product, how we can determine the efficiency of a market, and how we evaluate the costs and benefits of government intervention in a market.

Blended Section
This course is offered in both a traditional lecture/tutorial format and a blended section. In the blended section, students learn the lecture content and interact with lecturers online but still attend a weekly tutorial on campus.

The blended section gives students to flexibility to learn the course content when and where they choose, while receiving personalised feedback throughout the semester both online through the course website and in person in weekly tutorials.

Students enrolled in a traditional lecture section are expected to attend both lectures and tutorials each week and will also have access to the course’s online features. Only students who are enrolled in a lecture section will be guaranteed a seat in the lecture theatre.

All students will sit the same final exam on campus.

Summer Term
This course is offered online in the Summer Term from December to February for students wishing to fast track their degree, add flexibility or catch up on courses missed.

During Summer Term, this course is available as General Education to students from faculties outside the UNSW Business School.