Economics

Course summary

The course focusses on helping you understand the world and the methods and processes by which choices are made in the satisfaction of human wants. It is an analytical subject and involves the application and interpretation of data, helping you develop your analytical and critical thinking skills. You will be introduced to economic theories and study key economic events from different perspectives – both from the view of individuals and nations. Running through the course are nine key concepts that transcend the individual topics and provide connectivity to your learning of economics. The key concepts are scarcity, choice, efficiency, equity, economic well-being, sustainability, change, interdependence and intervention.