| University | University Of Otago (UO) |
| Subject | ACTY5270: Economic Principles |
Learning outcomes
LO1: Investigate resource allocation, efficiency, growth, and other major economic performance concepts
LO2: Apply demand and supply analysis and elasticity concepts to relevant economic issues
LO4: Evaluate the limitations of the market and the role of government intervention
Aim of the assessment
This assessment will develop the ability to think critically about the social and economic outcomes of unregulated markets. It will develop research skills through the search for cases of government intervention and in finding associated commentary. It will develop the ability to analyze the effectiveness of government intervention through the application of the demand and supply model. It will foster individual critical thinking in the making of recommendations on policy initiatives.
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