In order to understand the workings of markets and the economy, one has to take on an 'economic mindset'. This introductory course covers the fundamental principles that economists use to understand and analyse economic behaviour. Understanding these basic principles equips students for further studies in economics and business. Topics and issues covered in this course include how individuals or firms make decisions about the demand or supply of a particular product, how we can judge the relative efficiency of different types of markets, how we explain why governments may need to intervene in a particular type of market while not in others, and how different government policies are more efficient than others.

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

All students taking this course during Summer Term will be required to pay full tuition fees. This includes Commonwealth supported students who are studying at UNSW. Please see UNSW Business School courses - Summer Term fees for more information.

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