PRINCIPLES OF ECONOMICS

BUS5POE

2018

Credit points: 15

Subject outline

In this subject you will learn about a number of topical economic concepts and how they can be applied in real-world business and policy-making to make better decisions and improve people's well-being.  This includes the main market forces of supply and demand; the choices producers make in regards to their costs; revenues and profit; competitive and monopoly market structures and how these affect market prices; the use of game theory to make more strategic economic decisions; measuring a nation's income and the cost of living; the drivers of economic growth and the causes of unemployment.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorJan Libich

Available to Study Abroad StudentsYes

Subject year levelYear Level 5 - Masters

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjects ECO5POE

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsPrinciples of Economics (6th Edition)PrescribedGans, King, Stonecash, Byford, Libich and Mankiw (2014)CENGAGE

Graduate capabilities & intended learning outcomes

01. Understand the economic way of decision-making and apply it in a number of areas of business and policy.

Activities:
tutorial group discussions, tutorial presentations, video-interviews, problem sets, online quizzes, final exam
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Inquiry and Analytical Skills

02. Analyse and evaluate strategic behaviour of competing economic agents and institutions in various market structures.

Activities:
tutorial group discussions, tutorial presentations, video-interviews, problem sets, online quizzes, final exam
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Inquiry and Analytical Skills

03. Find information through independent research, for example in relation to national income, cost of living, and labour market statistics, for the purpose of describing changes in these measures of the macroeconomy.

Activities:
tutorial group discussions, tutorial presentations, video-interviews, problem sets, final exam
Related graduate capabilities and elements:
Literacies and Communication Skills
Inquiry and Analytical Skills

04. Interact effectively and constructively with your peers, around issues economic theory and application.

Activities:
tutorial group discussions, tutorial presentations, problem sets
Related graduate capabilities and elements:
Literacies and Communication Skills
Inquiry and Analytical Skills

Subject options

Select to view your study options…

Start date between: and    Key dates

City Campus, 2018, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEmmanuelle Walkowiak

Class requirements

Lecture Week: 31 - 43
One 1.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Tutorial Week: 31 - 43
One 2.0 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Online quizzes (750 words equivalency)20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: problem sets (2750 words equivalency)30 01, 02, 03, 04

City Campus, 2018, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture Week: 10 - 22
One 1.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Tutorial Week: 10 - 22
One 2.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Online quizzes (750 words equivalency)20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: problem sets (2750 words equivalency)30 01, 02, 03, 04

City Campus, 2018, Summer 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture Week: 46
One 1.0 hours lecture per week on weekdays during the day in week 46 and delivered via face-to-face.

Tutorial Week: 46
One 2.0 hours tutorial per week on weekdays during the day in week 46 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Online quizzes (750 words equivalency)20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: problem sets (2750 words equivalency)30 01, 02, 03, 04

Melbourne, 2018, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture Week: 10 - 22
One 1.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Tutorial Week: 10 - 22
One 2.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Online quizzes (750 words equivalency)20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: problem sets (2750 words equivalency)30 01, 02, 03, 04

Melbourne, 2018, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBuly Cardak

Class requirements

Lecture Week: 31 - 43
One 1.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Tutorial Week: 31 - 43
One 2.0 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Online quizzes (750 words equivalency)20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: problem sets (2750 words equivalency)30 01, 02, 03, 04

Melbourne, 2018, Summer 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture Week: 46
One 1.0 hours lecture per week on weekdays during the day in week 46 and delivered via face-to-face.

Tutorial Week: 46
One 2.0 hours tutorial per week on weekdays during the day in week 46 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Online quizzes (750 words equivalency)20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: problem sets (2750 words equivalency)30 01, 02, 03, 04

Online, 2018, Online StudyPeriod 5, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Unscheduled Online Class Week: 36 - 42
One 6.0 hours unscheduled online class per week on any day including weekend during the day from week 36 to week 42 and delivered via online.

Assessments

Assessment elementComments% ILO*
Online quizzes (3x 5% & 1x15%)Broadly equivalent to 1250 words.030 01, 02, 03, 04
Three, Real-world policy application tasksIncludes an online peer-review for the first two tasks. Broadly equivalent to 2500 words total.040 01, 02, 03, 04
Six, Open-ended individual problem sets400 - 600 words each. Broadly equivalent to 2500 words total.030 01, 02, 03, 04

Online, 2018, Online StudyPeriod 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Unscheduled Online Class Week: 02 - 08
One 6.0 hours unscheduled online class per week on any day including weekend during the day from week 02 to week 08 and delivered via online.

Assessments

Assessment elementComments% ILO*
Online quizzes (3x 5% & 1x15%)Broadly equivalent to 1250 words.030 01, 02, 03, 04
Three, Real-world policy application tasksIncludes an online peer-review for the first two tasks. Broadly equivalent to 2500 words total.040 01, 02, 03, 04
Six, Open-ended individual problem sets400 - 600 words each. Broadly equivalent to 2500 words total.030 01, 02, 03, 04

Online, 2018, Online StudyPeriod 3, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Unscheduled Online Class Week: 18 - 24
One 6.0 hours unscheduled online class per week on any day including weekend during the day from week 18 to week 24 and delivered via online.

Assessments

Assessment elementComments% ILO*
Online quizzes (3x 5% & 1x15%)Broadly equivalent to 1250 words.030 01, 02, 03, 04
Three, Real-world policy application tasksIncludes an online peer-review for the first two tasks. Broadly equivalent to 2500 words total.040 01, 02, 03, 04
Six, Open-ended individual problem sets400 - 600 words each. Broadly equivalent to 2500 words total.030 01, 02, 03, 04

Sydney, 2018, Study Period 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture Week: 10 - 22
One 1.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Tutorial Week: 10 - 22
One 2.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Online quizzes (750 words equivalency)20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: problem sets (2750 words equivalency)30 01, 02, 03, 04

Sydney, 2018, Study Period 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture Week: 31 - 42
One 1.0 hours lecture per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.

Tutorial Week: 31 - 42
One 2.0 hours tutorial per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Online quizzes (750 words equivalency)20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: problem sets (2750 words equivalency)30 01, 02, 03, 04

Sydney, 2018, Study Period 3, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture Week: 46
One 1.0 hours lecture per week on weekdays during the day in week 46 and delivered via face-to-face.
"SP3 (Summer) runs from October to February"

Tutorial Week: 46
One 2.0 hours tutorial per week on weekdays during the day in week 46 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Online quizzes (750 words equivalency)20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: problem sets (2750 words equivalency)30 01, 02, 03, 04