The primary aim of this unit is to provide students with a standard coverage of the basic microeconomics and macroeconomics principles. In particularly, the unit will set out the relevant orthodox and contemporary economics theories and practices associated with driving innovations and productivity.Learning outcomes for the unitOn successful completion of the unit you should be able to:1)Construct models to analyse the workings of the market, the firm, and consumer behaviours.2)Understand a variety of important productivity measurements and concepts, and connections between them and the short and long run costs structures.3)Estimate and measurelabour productivity, capital productivity, and total factor productivity.Murdoch University54)Become a more informed decision maker in your roles as a manager, employer, citizen, consumer, and employee.5)Improve your ability to think critically about business strategies (or mechanisms) that could drive innovation and productivity growth.6)Enhance your ability to think analytically and appreciate the usefulness of the economics concepts when it comes to analysing ‘real world’ problems
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