ECONOMICS FOR A CHANGING WORLD

BUS1ECW

2018

Credit points: 15

Subject outline

In this subject you will take an inquiry based approach to motivate a rich and deep appreciation of how economic principles and frameworks can be used to analyse our world and to inform policymakers. You will gain an understanding of the strengths and weaknesses of various approaches to economic problems, and an appreciation of the relationship of economics to other disciplines. You will cover a range of topics such as: scarcity and choices; the capitalist revolution; technological change; population growth and economic growth; economics and the environment; the firm and its customers; and a study of markets and their complexities.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorDavid Walker

Available to Study Abroad StudentsYes

Subject year levelYear Level 1 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites Must be enrolled in LBCOM, LZCOMA, LZCOMS, LZCHS, LZCCS, LZCAG, LBPPE, LZCOML, LZCIR, LZCBM, or with the subject coordinator's permission.

Co-requisitesN/A

Incompatible subjects BUS1BUE

Equivalent subjectsN/A

Special conditions Only available to students studying the Bachelor of Commerce, any Bachelor of Commerce Double degree or the Bachelor of Politics, Philosophy and Economics, or otherwise only with the subject coordinator's permission.

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsThe EconomyRecommendedCORE projectCORE project

Graduate capabilities & intended learning outcomes

01. Apply economic concepts and principles to analyse economic problems of real world significance.

Activities:
In class activities and major assignment.
Related graduate capabilities and elements:
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

02. Interpret evidence as part of an exploratory process and critically reflect on its application.

Activities:
Major assignment.
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

03. Utilise and critique a range of economic tools and approaches to draw conclusions and make recommendations.

Activities:
Final exam.
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

04. Reflect on the differences between institutions across economies and analyse the impact of economic policy.

Activities:
Final exam and in class activities.
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

Subject options

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Start date between: and    Key dates

Melbourne, 2018, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 10 - 22
One 2.0 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via blended.
"Students will complete work prior to the PBL class each week."

Assessments

Assessment elementComments% ILO*
In class exercises500 words equivalent20 01
Major assignment1000 words equivalent30 02
Final exam- 3 hours3000 words equivalent50 03, 04

Melbourne, 2018, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 31 - 43
One 2.0 hours problem based learning per week on weekdays during the day from week 31 to week 43 and delivered via blended.
"Students will complete work prior to the PBL class each week."

Assessments

Assessment elementComments% ILO*
In class exercises500 words equivalent20 01
Major assignment1000 words equivalent30 02
Final exam- 3 hours3000 words equivalent50 03, 04

Melbourne, 2018, Summer 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 45
One 2.0 hours problem based learning per week on weekdays during the day in week 45 and delivered via blended.
"Students will complete work prior to the PBL class each week."

Assessments

Assessment elementComments% ILO*
In class exercises500 words equivalent20 01
Major assignment1000 words equivalent30 02
Final exam- 3 hours3000 words equivalent50 03, 04