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 2022. It has no prerequisites.
- Credit points
- 6
- Offered in 2022
- Other periods
- Indonesia
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
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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 2022 handbook.
Enrolment rules
You must be enrolled in course A6033, B4007, B5006 or B6027 to undertake this unit.
Overview
Microeconomics: scarcity; economic choice; economic systems; economic ideology; demand and supply analysis; consumer behaviour and elasticity; costs of production and profit maximisation; perfect competition and monopoly. Macroeconomics: aggregate demand and aggregate supply; Keynesian versus Neoclassical approaches; the money market and monetary policy; the government budget deficit and fiscal policy; the foreign exchange market and exchange rate policy; unemployment and inflation; the current and capital accounts.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| Monash Indonesia term 1 | Indonesia | On campus |
| Trimester A | Indonesia | On campus |
Assessment
- Within semester assessment50%
- Examination50%
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
- Teaching approachActive 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. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Contacts
- Chief Examiners
- Professor Edward Buckingham
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 2022 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?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.