PRINCIPLES OF ECONOMICS

BUS5POE

2016

Credit points: 15

Subject outline

In this subject you will get to know the economic way of thinking and decision making.The subject discusses many micro and macroeconomic principles and concepts, and teaches you how they can be put to practice in the real-world.

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

Prerequisites Any Student enrolled in PG program

Co-requisitesN/A

Incompatible subjects ECO5POE

Equivalent subjectsN/A

Special conditionsN/A

Learning resources

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. You will be able to understand the economic way of decision-making and apply it in a number of areas of business and policy.

Activities:
group discussions, presentations, video-interviews, problem sets, mid-semester exam or online quizzes, final exam or real-world application task
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

02. You will be able to analyse and evaluate strategic and non-strategic behaviour of economic agents and institutions in various market structures.

Activities:
group discussions, presentations, video-interviews, problem sets, mid-semester exam or online quizzes, final exam or real-world application task
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Speaking,Quantitative Literacy)
Literacies and Communication Skills (Writing,Speaking,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

03. You will be able to 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:
group discussions, presentations, video-interviews, problem sets
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Speaking,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

04. You will interact constructively and effectively with your peers, around issues related to economic theory and application.

Activities:
group discussions, presentations, problem sets
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Speaking,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

Subject options

Select to view your study options…

Start date between: and    Key dates

City Campus, 2016, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment size60

Enrolment information max room size TBA

Subject Instance Co-ordinatorYuji Tamura

Class requirements

Lecture Week: 31 - 43
One 2.0 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 1.0 hours tutorial per week during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One 1-hour mid-semester examination20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: Problem Sets (2500 word equivalency)30 01, 02, 03, 04

City Campus, 2016, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment size60

Enrolment information max room size TBA

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture Week: 10 - 22
One 2.0 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% ILO*
One 1-hour mid-semester examination20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: Problem Sets (2500 word equivalency)30 01, 02, 03, 04

City Campus, 2016, Summer, Day

Overview

Online enrolmentYes

Maximum enrolment size60

Enrolment information max room size TBA

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture Week: 45
One 1.0 hours lecture per week on weekdays during the day in week 45 and delivered via face-to-face.

Tutorial Week: 45
One 2.0 hours tutorial per week on weekdays during the day in week 45 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One 1-hour mid-semester examination20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: Problem Sets (2500 word equivalency)30 01, 02, 03, 04

Melbourne, 2016, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture Week: 10 - 22
One 2.0 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% ILO*
One 1-hour mid-semester examination20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: Problem Sets (2500 word equivalency)30 01, 02, 03, 04

Melbourne, 2016, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture Week: 31 - 43
One 2.0 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 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*
One 1-hour mid-semester examination20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: Problem Sets (2500 word equivalency)30 01, 02, 03, 04

Melbourne, 2016, Summer, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture
One 2.0 hours lecture per week on weekdays during the day and delivered via face-to-face.

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

Assessments

Assessment elementComments% ILO*
One 1-hour mid-semester examination20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: Problem Sets (2500 word equivalency)30 01, 02, 03, 04

Online, 2016, Online StudyPeriod 5, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Scheduled Online Class Week: 36 - 42
One 36.0 hours scheduled online class per study period on weekdays during the day from week 36 to week 42 and delivered via online.

Assessments

Assessment elementComments% ILO*
Online quizzes (1500 word equivalency)030 01, 02, 03, 04
Real-World Policy Applications (2600 word equivalency)040 01, 02, 03, 04
Open-ended assessment: problem sets (2400 word equivalency)030 01, 02, 03, 04

Sydney, 2016, 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 2.0 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% ILO*
One 1-hour mid-semester examination20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: Problem Sets (2500 word equivalency)30 01, 02, 03, 04

Sydney, 2016, 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 2.0 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 1.0 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*
One 1-hour mid-semester examination20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: Problem Sets (2500 word equivalency)30 01, 02, 03, 04

Sydney, 2016, Study Period 3, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJan Libich

Class requirements

Lecture
One 2.0 hours lecture per week on weekdays during the day and delivered via face-to-face.

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

Assessments

Assessment elementComments% ILO*
One 1-hour mid-semester examination20 01, 02, 03, 04
One 3-hour final examination50 01, 02, 03, 04
Open-ended assessment: Problem Sets (2500 word equivalency)30 01, 02, 03, 04