ECONOMICS FOR A CHANGING WORLD
BUS1ECW
2019
Credit points: 15
Subject outline
In this subject you will take an inquiry based approach to motivate a rich and deep appreciation of how economic principles and frameworks can be used to analyse our world and to inform policymakers. You will gain an understanding of the strengths and weaknesses of various approaches to economic problems, and an appreciation of the relationship of economics to other disciplines. You will cover a range of topics such as: scarcity and choices; the capitalist revolution; technological change; population growth and economic growth; economics and the environment; the firm and its customers; and a study of markets and their complexities.
School: La Trobe Business School
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: Must be enrolled in LBCOM, LZCOMA, LZCOMS, LZCHS, LZCCS, LZCAG, LBPPE, LWLPPE, LZCOML, LWCOML, LZCIR, LZCBM, or with the subject coordinator's permission.
Co-requisites: N/A
Incompatible subjects: BUS1BUE
Equivalent subjects: N/A
Special conditions: Only available to students studying the Bachelor of Commerce, any Bachelor of Commerce Double degree or the Bachelor of Politics, Philosophy and Economics, or otherwise only with the subject coordinator's permission.
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | The Economy | Recommended | CORE project | CORE project |
Graduate capabilities & intended learning outcomes
01. Apply economic concepts and principles to analyse economic problems of real world significance.
- Activities:
- Online activities including some short videos, reading materials, workshop problems, participation in discussion forums and in class activities
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
02. Interpret evidence as part of an exploratory process and critically reflect on its application.
- Activities:
- Online activities including some short videos, reading materials, workshop problems, participation in discussion forums and in class activities
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
03. Utilise and critique a range of economic tools and approaches to draw conclusions and make recommendations.
- Activities:
- Online activities including some short videos, reading materials, workshop problems, participation in discussion forums and in class activities
- 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)
04. Reflect on the differences between institutions across economies and analyse the impact of economic policy.
- Activities:
- Online activities including some short videos, reading materials, workshop problems, participation in discussion forums and in class activities
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
Melbourne, 2019, Semester 1, Blended
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: David Walker
Class requirements
Problem Based LearningWeek: 10 - 22
One 2.0 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via blended.
"Students will complete work prior to the PBL class each week."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Five of seven in-class exercises | broadly equivalent to 500 words | 20 | 01, 02, 03, 04 |
| Major assignment | Open-ended assessment that is peer graded (1000 words equivalent) | 30 | 01, 02, 03 |
| Final exam- 3 hours | 3000 words equivalent | 50 | 01, 02, 03, 04 |
Melbourne, 2019, Semester 2, Blended
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: David Walker
Class requirements
Problem Based LearningWeek: 31 - 43
One 2.0 hours problem based learning per week on weekdays during the day from week 31 to week 43 and delivered via blended.
"Students will complete work prior to the PBL class each week."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Five of seven in-class exercises | broadly equivalent to 500 words | 20 | 01, 02, 03, 04 |
| Major assignment | Open-ended assessment that is peer graded (1000 words equivalent) | 30 | 01, 02, 03 |
| Final exam- 3 hours | 3000 words equivalent | 50 | 01, 02, 03, 04 |