Manual Principles of Economics

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Assessment must maintain academic standards. Grades for your performance in this course will be awarded in accordance with the following scheme:. Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs. Final results for this course will be made available through Access Adelaide. The University places a high priority on approaches to learning and teaching that enhance the student experience.

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Alfred Marshall (1890)

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The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer. Coordinates: The University of Adelaide. All University Sites. Current Site. Course Outlines. This course provides an introduction to a broad range of economic concepts, theories and analytical techniques.

It considers both microeconomics - the analysis of choices made by individual decision-making units households and firms - and macroeconomics - the analysis of the economy as a whole. The use of a market, supply and demand, model will be the fundamental model in which trade-offs and choices will be considered through comparison of costs and benefits of actions.

Principles of Economics (Marshall) - Wikipedia

Production and market structure will be analysed at the firm level. Define economic concepts and apply these to economic problems using precise economic terminology and appropriate graphical and numerical representations. Differentiate between perfect competition, monopoly and oligopoly and critique their implications for efficiency.

Evaluate a given market failure using appropriate microeconomic concepts and theory.

10 principles of economics

Relate interdependence with the gains from trade. Interpret recent movements in key macroeconomic indicators of the national economy. Skip to main content.

Learning Outcomes

Introduction to the Macroeconomic Perspective Economic Growth. Introduction to Economic Growth Introduction to Unemployment Introduction to Inflation The International Trade and Capital Flows. Introduction to the International Trade and Capital Flows The Keynesian Perspective.


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  6. Introduction to the Keynesian Perspective The Neoclassical Perspective. Introduction to the Neoclassical Perspective Money and Banking. Introduction to Money and Banking Monetary Policy and Bank Regulation. Introduction to Monetary Policy and Bank Regulation Exchange Rates and International Capital Flows. Government Budgets and Fiscal Policy.

    Principles of Economics II

    Introduction to Government Budgets and Fiscal Policy The Impacts of Government Borrowing. Introduction to the Impacts of Government Borrowing Macroeconomic Policy Around the World. Introduction to Macroeconomic Policy around the World International Trade. Introduction to International Trade