794-002 Business Economics & Government Policy

Credit Points

HECS Band

Coordinator

Semester

Contact

Subject Description

The objective of this subject is to extend participants' ability to:

• describe the economic problem;

• identify the economic issues relevant to the decision-making of horticultural enterprises;

• describe the Australian economy in terms of a simple model and appreciate the factors influencing the allocation of resources in the economy;

• outline the economic objectives and role of the Federal Government;

• identify some appropriate policy options for a range of economic conditions;

• describe the Australian Industrial Relations System and its influence on the Australian economy;

• compare the social and economic roles of the Federal, State and Local Governments.

The content includes: The economic problem and resource allocation in a market economy, economic issues for the management of horticultural firms, the operation of the Australian economy, economic management and the role of Government in Australia, and Australian industrial relations.

Assessment

Examination of 90 minutes (60%), two assignments of 750 and 1500 words (15% and 25%).

Prescribed Texts

• McTaggart D, Findlay C, and Parkin M, Economics. Sydney: Addison-Wesley, 1992.