BUSINESS ECONOMICS

BUS1BUE

2016

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 this subject you'll 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'll study the decisions that businesses make in determining how much to produce and at what cost. Further, you'll investigate how the market structure affects firms' choices. At the macro level, you will learn how to measure economic activity (including levels of inflation and unemployment) and you'll examine the factors that influence these variables and the impact they have on business.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorSuzanne O'Keefe

Available to Study Abroad StudentsYes

Subject year levelYear Level 1 - UG

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
Readings Business EconomicsPreliminary (2015), Gans J, King S, Stonecash R, Byford M, Libich J and Mankiw, G.N.Cengage

Graduate capabilities & intended learning outcomes

01. Explain (both verbally and in writing) the relationships between macroeconomic variables external to business and their impact on business

Activities:
Through enquiry-based learning delivery, students will learn how to critically think and creatively problem solve.
Related graduate capabilities and elements:
Creative Problem-solving (Creative Problem-solving)

02. Use models to predict the impact of changing market conditions on the business environment

Activities:
Through enquiry-based learning delivery, students will learn how to critically think and creatively problem solve.
Related graduate capabilities and elements:
Critical Thinking (Critical Thinking)
Creative Problem-solving (Creative Problem-solving)

03. Use fundamental economic concepts to suggest solutions to business problems

Activities:
Through enquiry-based learning delivery, students will learn how to critically think and creatively problem solve.
Related graduate capabilities and elements:
Critical Thinking (Critical Thinking)

04. Analyse the potential impact on business of external impacts using a range of scholarly and news media sources

Activities:
Through enquiry-based learning delivery, students will learn how to critically think and creatively problem solve.
Related graduate capabilities and elements:
Creative Problem-solving (Creative Problem-solving)

05. Explain fundamental economics concepts using text, diagrams, equations and other media

Activities:
Through enquiry-based learning delivery, students will learn how to critically think and creatively problem solve.
Related graduate capabilities and elements:
Critical Thinking (Critical Thinking)

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2016, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorSuzanne O'Keefe

Class requirements

Seminar Week: 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 elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

Bendigo, 2016, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar Week: 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 elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

China, 2016, Week 37-52, Day

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar Week: 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 elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

China, 2016, Week 08-23, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar Week: 08 - 23
One 3.0 hours seminar per week on weekdays during the day from week 08 to week 23 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

China, 2016, Week 28-31, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorSuzanne O'Keefe

Class requirements

Seminar Week: 28 - 31
One 3.0 hours seminar per week on weekdays during the day from week 28 to week 31 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

China, 2016, Semester 1, Day

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar Week: 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 elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

China, 2016, Semester 2, Day

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorSuzanne O'Keefe

Class requirements

Seminar Week: 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 elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

Dandenong, 2016, Semester 2, Day

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar Week: 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.

Tutorial Week: 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 elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

Dandenong, 2016, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Lecture/Seminar
One 2.0 hours lecture/seminar per week during the day and delivered via face-to-face.

Tutorial
One 1.0 hours tutorial per week during the day and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

Melbourne, 2016, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar Week: 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 elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

Melbourne, 2016, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar Week: 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 elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

Mildura, 2016, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar Week: 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 elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

Shepparton, 2016, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorSuzanne O'Keefe

Class requirements

Seminar Week: 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 elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

Sydney, 2016, Study Period 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar Week: 10 - 22
One 3.0 hours seminar other recurrence on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

Sydney, 2016, Study Period 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar Week: 31 - 42
One 3.0 hours seminar other recurrence on weekdays during the day from week 31 to week 42 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

Sydney, 2016, Study Period 3, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar
One 3.0 hours seminar other recurrence on weekdays during the day and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

Vietnam, 2016, Semester 1, Day

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar Week: 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 elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05

Vietnam, 2016, Semester 2, Day

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Seminar Week: 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 elementComments% ILO*
Group assignment (700 to 1000 words)20 01, 02, 03, 04, 05
In class exercisesThere will be five such excercises over the semester20 01, 02, 03, 04, 05
MyEconLab tests (Online assessment)There will be 5 online tests over the semester10 02, 03, 05
One Two-hour final examination50 01, 02, 03, 04, 05