MajorUndergraduate

ECBUSSTR05 Economics and business strategy

Faculty of Business and Economics

Economics and business strategy (ECBUSSTR05) is a major worth 48 credit points, listing 20 units, taught at Caulfield. It is offered in 4 courses, including Bachelor of Business; and Bachelor of Design and Bachelor of Business.

Credit points
48
Units
20
Campus
Caulfield
Offered in
4 courses

This is the 2022 handbook entry. See the 2026 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 B2000 Bachelor of Business at Caulfield as a major and 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
Additional Economics units24 credit points
You must complete 24 credit points from the following Economics units, with at least 18 credit points at level 3. You may choose any of the units from any of the themes below or you may choose to select units within one theme.

International economics

Learn about globalisation and exchange rates, their effect on your life, firms’ decisions and political outcomes. If you are considering ECX3550 or ECX2630, you may only choose to complete one of the two units, to be included in your 24 credit points.

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. 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

What units are in Economics and business strategy?

It lists 20 units, including ECF1100, ECF1200, ECF2331, ECF2721, ECF2731, ECF3120, ECF3121 and ECF3143. 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
20222023202420252026