BUSINESS ECONOMICS
BUS1BUE
2014
Credit points: 15
Subject outline
Economics is the study of human behaviour and in particular the choices that individuals, businesses and governments make to deal with scarcity and the incentives that guide those choices. In Business Economics you will learn how demand, supply and equilibrium coordinate the behaviour of individuals and businesses in the market and how government policy affects those market outcomes. You will study the decisions that businesses make in determining how much to produce and at what cost. Further you will investigate how the market structure affects firms' choices. At the macro level, you will explain how to measure economic activity, including levels of inflation and unemployment, and you will examine the factors that influence these variables and the impact they have on business.
Faculty: Faculty of Business, Economics and Law
Credit points: 15
Subject Co-ordinator: David Walker
Available to Study Abroad Students: Yes
Subject year level: Year Level 1 - UG
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: N/A
Co-requisites: N/A
Incompatible subjects: ECO1IMI and ECO1DSM
Equivalent subjects: N/A
Special conditions: N/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Economics, Seventh Edition | Prescribed | McTaggart, D, Findlay, C, and Parkin, M. | PEARSON |
| Readings | Economics, Third Edition | Recommended | Krugman, P. And Wells, R. | WORTH |
| Readings | Principles of Microeconomcs | Recommended | Gans, J., King S., and Mankiw, G.N. | CENGAGE |
Albury-Wodonga, 2014, Semester 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Suzanne O'Keefe
Class requirements
LectureWeek: 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.
"Town Hall Meeting"
SeminarWeek: 31 - 43
One 2.0 hours seminar per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"Enquiry Based Learning Session"
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
Bendigo, 2014, Semester 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Ruth Williams
Class requirements
LectureWeek: 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.
"Town Hall Meeting"
SeminarWeek: 31 - 43
One 2.0 hours seminar per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"Enquiry Based Learning Session"
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
China, 2014, Week 37-52, Day
Overview
Online enrolment: No
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: David Walker
Class requirements
SeminarWeek: 37 - 52
One 3.0 hours seminar other recurrence on weekdays during the day from week 37 to week 52 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
Dandenong, 2014, Semester 2, Day
Overview
Online enrolment: No
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Shawn Leu
Class requirements
SeminarWeek: 31 - 43
One 2.0 hours seminar per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
TutorialWeek: 31 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
Melbourne, 2014, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: David Walker
Class requirements
LectureWeek: 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.
"Town Hall Meeting"
SeminarWeek: 10 - 22
One 2.0 hours seminar per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"Enquiry Based Learning Session"
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
Melbourne, 2014, Semester 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Shawn Leu
Class requirements
LectureWeek: 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.
"Town Hall Meeting"
SeminarWeek: 31 - 43
One 2.0 hours seminar per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"Enquiry Based Learning Session"
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
Mildura, 2014, Week 37-43, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: James Bugden
Class requirements
LectureWeek: 37 - 43
Two 1.0 hours lecture per week on weekdays during the day from week 37 to week 43 and delivered via face-to-face.
"Town Hall Meeting"
SeminarWeek: 37 - 43
Two 2.0 hours seminar per week on weekdays during the day from week 37 to week 43 and delivered via face-to-face.
"Enquiry Based Learning Learning"
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
Other Site, 2014, Semester 2, Day
Overview
Online enrolment: No
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Shawn Leu
Class requirements
SeminarWeek: 31 - 43
One 3.0 hours seminar other recurrence on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
Shepparton, 2014, Semester 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: David Walker
Class requirements
LectureWeek: 31 - 43
Two 1.0 hours lecture every two weeks on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"Town Hall Meeting"
SeminarWeek: 31 - 43
Two 2.0 hours seminar every two weeks on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"Enquiry Based Learning Session"
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
Sydney, 2014, ACN Semester 1, Day
Overview
Online enrolment: No
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: David Walker
Class requirements
SeminarWeek: 11 - 22
One 3.0 hours seminar other recurrence on weekdays during the day from week 11 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
Sydney, 2014, ACN Semester 2, Day
Overview
Online enrolment: No
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Shawn Leu
Class requirements
SeminarWeek: 28 - 39
One 3.0 hours seminar other recurrence on weekdays during the day from week 28 to week 39 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
Sydney, 2014, ACN Summer Semester, Day
Overview
Online enrolment: No
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: David Walker
Class requirements
SeminarWeek: 45 - 05
One 3.0 hours seminar other recurrence on weekdays during the day from week 45 to week 05 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
Vietnam, 2014, Semester 1, Day
Overview
Online enrolment: No
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: David Walker
Class requirements
SeminarWeek: 10 - 22
One 3.0 hours seminar per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |
Vietnam, 2014, Semester 2, Day
Overview
Online enrolment: No
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Shawn Leu
Class requirements
SeminarWeek: 31 - 43
One 3.0 hours seminar per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % |
|---|---|---|
| Group assignment (700 to 1000 words) | 20 | |
| In class exercises | There will be five such excercises over the semester | 20 |
| MyEconLab tests (Online assessment) | There will be 5 online tests over the semester | 10 |
| One Two-hour final examination | 50 |