PRINCIPLES OF ECONOMICS

ECO2PEC

2014

Credit points: 15

Subject outline

This subject will build on the concepts and tools introduced in Business Economics to extend students' understanding of the principles of economics and their applications. Students are introduced to the study of the economy as a whole. Topics include: national income accounting, consumption and investment demand, government spending, exports and imports, aggregate demand and supply, money and banking, fiscal and monetary policy, alternative macroeconomic theories, the balance of payments, national and foreign debt, inflation, unemployment, productivity and economic growth.

FacultyFaculty of Business, Economics and Law

Credit points15

Subject Co-ordinatorJan Libich

Available to Study Abroad StudentsYes

Subject year levelYear Level 2 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites BUS1BUE

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsPrinciples of MacroeconomicsPrescribedStonecash, R.,Gans, J., King,S., Mankiw,NCENGAGE LEARNING 5TH EDITION (2011)

Subject options

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Start date between: and    Key dates

Melbourne, 2014, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

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

Assessments

Assessment elementComments%
1. weekly problem sets/assignment (maximum 1,000 words)25
2. one 1-hour mid-semester test15
3. one 2-hour final examination (hurdle)The weekly problems sets and mid-semester exam are redemptive. That is if the student obtains a higher mark on the final exam then the final exam counts for all of the assessment.60

Melbourne, 2014, Summer semester, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

WorkShop Week: 03 - 03
Four 6.0 hours workshop per week on weekdays during the day from week 03 to week 03 and delivered via face-to-face.

WorkShop Week: 07 - 07
Three 6.0 hours workshop per week on weekdays during the day from week 07 to week 07 and delivered via face-to-face.

Assessments

Assessment elementComments%
1. weekly problem sets/assignment (maximum 1,000 words)25
2. one 1-hour mid-semester test15
3. one 2-hour final examination (hurdle)The weekly problems sets and mid-semester exam are redemptive. That is if the student obtains a higher mark on the final exam then the final exam counts for all of the assessment.60