Course Overview

Course Title: Principles of the Economy
Credit Points: 12
Nominal Hours:
Course Coordinator: Dr Martin Byford
Course Coordinator Phone:
Course Coordinator Email: martin.byford@rmit.edu.au
Course Summary

This course will introduce you to the principles of economics. You will learn why societies engage in economic activity and develop the tools necessary to understand and analyse economic interactions at both the micro and macro levels. The course explores a wide range of topics, starting with the fundamental question of why we need each other, and building to explore issues around environmental sustainability and income inequality. Throughout the course we will examine the roles of government and industry, with a focus on how they affect the welfare of society as a whole. The toolkit we develop will help you to understand a number of contemporary issues including the opportunities and challenges created by emerging technologies such as artificial intelligence and machine learning, the evolving nature of work, and the role of knowledge and information.

Full Course Information
View detailed overview on Course Guide