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.
Faculty: Faculty of Business, Economics and Law
Credit points: 15
Subject Co-ordinator: Jan Libich
Available to Study Abroad Students: Yes
Subject year level: Year Level 2 - UG
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: BUS1BUE
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: N/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Principles of Macroeconomics | Prescribed | Stonecash, R.,Gans, J., King,S., Mankiw,N | CENGAGE LEARNING 5TH EDITION (2011) |
Melbourne, 2014, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Jan Libich
Class requirements
LectureWeek: 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.
TutorialWeek: 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 element | Comments | % |
|---|---|---|
| 1. weekly problem sets/assignment (maximum 1,000 words) | 25 | |
| 2. one 1-hour mid-semester test | 15 | |
| 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 enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Jan Libich
Class requirements
WorkShopWeek: 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.
WorkShopWeek: 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 element | Comments | % |
|---|---|---|
| 1. weekly problem sets/assignment (maximum 1,000 words) | 25 | |
| 2. one 1-hour mid-semester test | 15 | |
| 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 |