MajorUndergraduate

ECBUSSTR01 Economics and business strategy

Faculty of Business and Economics

Economics and business strategy (ECBUSSTR01) is a major worth 48 credit points, listing 12 units, taught at Caulfield. It is offered in 12 courses, including Bachelor of Business; and Bachelor of Business and Bachelor of Accounting.

Credit points: 48
Units: 12
Campus: Caulfield
Offered in: 12 courses

This is the 2020 handbook entry. See the 2021 entry.

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Requisite map

Overview

Economics considers how to allocate scarce resources to maximise people's welfare. Microeconomics examines decisions of individuals, business and government, and the structure of industries and markets. Macroeconomics examines behaviour of the economy as a whole, such as economic growth, inflation and unemployment. Understanding these drivers allows managers to set business and government strategy.

Availability

Economics and business strategy is listed in the Bachelor of Business at Caulfield as a major or minor.

Structure

Major requirements

No more than 12 credit points at level 1 may be credited to a major and at least 18 credit points must be credited to the major at level 3.

Core units24 credit points

You must complete the following units

Additional economics and business strategy units18 credit points

You must complete 18 credit points from the following units

Additional unit6 credit points

You must complete one unit from additional economics and business strategy units above not previously completed, or from the following units. Note: If you wish to undertake honours you must complete at least four level 3 units.

Courses that offer it

Learning outcomes

In addition to achieving the broad outcomes of your course, and successfully completing this area of study, you will be able to:

1
Demonstrate an understanding of core economic theories; and be able to apply economic analysis and the economic way of thinking to assist decisions in specific business strategy contexts

Common questions

Which courses offer Economics and business strategy?

12 courses in 2020: Bachelor of Business; Bachelor of Business and Bachelor of Accounting; Bachelor of Business and Bachelor of Arts; Bachelor of Business and Bachelor of Banking and Finance; Bachelor of Business and Bachelor of Information Technology; Bachelor of Business and Bachelor of International Business; Bachelor of Business and Bachelor of Marketing ; and Bachelor of Business and Bachelor of Media Communication, and 4 more.

What units are in Economics and business strategy?

It lists 12 units, including ECF1100, ECF1200, ECF2331, ECF2550, ECF2721, ECF2731, ECF3120 and ECF3121. The structure above shows which are required and which you choose.

Major details

Type: Major
Study level: Undergraduate
Credit points: 48

Faculty: Faculty of Business and Economics
Handbook years: 20202021