ECI5953 Regulation, prices and markets
Faculty of Business and Economics
ECI5953 Regulation, prices and markets is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics. It isn't offered in 2027. It has no prerequisites.
- Credit points
- 6
- Offered in 2027
- Other periods
- Indonesia
- Assessment
- No exam
- 3 tasks
- Workload
- 144 hours
- per semester
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Requisites
Before ECI5953
Prohibitions
You can't enrol if you have passed any of these.
After ECI5953
No unit lists ECI5953 as a prerequisite in the 2027 handbook.
Enrolment rules
You must be enrolled in course A6033, C6009, C6010, F6006, M6041, B4007, B5006, B6027, B6073 or B6074 to undertake this unit.
Overview
This unit will highlight topics and concepts of microeconomics and macroeconomics.
Microeconomics will cover: scarcity; economic choice; demand and supply analyses; market efficiency; consumer behaviour and elasticity; the theory of the firm; factors and costs of production; profit maximisation; types of market and competition.
Macroeconomics will cover: aggregate demand and supply; unemployment and inflation; the money market; the government budget balance; balance of payments; fiscal and monetary policies; the foreign exchange market and exchange rate policy.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| Monash Indonesia term 1 | Indonesia | Blended |
Assessment
- Written40%
- Written40%
- Presentation20%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
have a basic understanding of the methodology and principles of economics
- 2
have a basic understanding of microeconomics and macroeconomics
- 3
present arguments and make decisions in economic environment.
Workload and teaching
- Workshops36 hours
- Teaching approachCase-based teaching
- Teaching approachActive learning
- Teaching approachProblem-based learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Contacts
- Chief Examiners
- Dr Sarah Gultom
Common questions
What are the prerequisites for ECI5953?
ECI5953 has no prerequisites, but enrolment rules apply.
When is ECI5953 offered?
ECI5953 has no offerings listed in the 2027 handbook.
How much work is ECI5953?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECI5953 have an exam?
No. ECI5953 has 3 assessment tasks and no exam.