INVESTIGATING ECONOMIC ISSUES

BUS1BUX

2020

Credit points: 15

Subject outline

Economics is the study of incentives and human behaviour and in particular the choices that individuals, businesses and governments make to deal with scarcity. In Investigating Economic Issues you will undertake research into current economic issues and apply economic concepts and frameworks to critically analyse economic problems and suggest solutions. You will learn how the forces of demand and supply coordinate the behaviour of individuals and businesses in the market and how government policy affects market outcomes. You will study the decisions that businesses make in determining how much to produce and at what cost, and analyse how market structures affect firm choices. From an economy-wide perspective, you will investigate how to measure economic activity, inflation and unemployment, and you will examine the factors that influence these variables and their impacts on individuals, businesses and governments.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: Suzanne Young

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 1 - UG

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: Student must be enrolled in one of the following courses: LBAB, LBABM, LBABK, LDAB, LAAB

Co-requisites: N/A

Incompatible subjects: BUS1ECW OR BUS1BUE

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

Business Economics for La Trobe University

Resource Type: Book

Resource Requirement: Recommended

Author: Gans J, King S, Stonecash R, Byford M, Libich J and Mankiw, G.N.

Year: 2016

Edition/Volume: N/A

Publisher: Cengage

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Economic Issues Learner Resource

Resource Type: Book

Resource Requirement: Prescribed

Author: Didasko Digital

Year: 2018

Edition/Volume: N/A

Publisher: Didasko Group

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

DISCIPLINE KNOWLEDGE AND SKILLS
INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

Intended Learning Outcomes

01. Critically evaluate the relationships between macroeconomic variables and their impacts on business
02. Research and critically analyse current issues and/or events in the economy
03. Use models to predict the impact of changing market conditions and to suggest solutions to economic problems.
04. Explain fundamental economics concepts using text, diagrams, equations and other means

Online (Didasko), 2020, Study block 1, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Suzanne Young

Class requirements

Unscheduled Online ClassWeek: 2 - 13
One 3.00 hours unscheduled online class per week on any day including weekend during the day from week 2 to week 13 and delivered via online.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignment (1,000 words per student)Students identify, research and respond to a case study, applying their knowledge of economic concepts.

N/AN/AN/ANo30SILO2, SILO3, SILO4

Six individual online exercisesStudents complete problem based and inquiry/research exercises. (Equivalent to 900 words total 150 words per exercise)

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One take-home examinationStudents complete the assessment within 48 hours of it being made available. (Equivalent to a 2 hour exam/2,000 words

N/AN/AN/ANo50SILO1

Online (Didasko), 2020, Study block 10, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Suzanne Young

Class requirements

Unscheduled Online ClassWeek: 41 - 52
One 3.00 hours unscheduled online class per week on any day including weekend during the day from week 41 to week 52 and delivered via online.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignment (1,000 words per student)Students identify, research and respond to a case study, applying their knowledge of economic concepts.

N/AN/AN/ANo30SILO2, SILO3, SILO4

Six individual online exercisesStudents complete problem based and inquiry/research exercises. (Equivalent to 900 words total 150 words per exercise)

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One take-home examinationStudents complete the assessment within 48 hours of it being made available. (Equivalent to a 2 hour exam/2,000 words

N/AN/AN/ANo50SILO1

Online (Didasko), 2020, Study block 11, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Suzanne Young

Class requirements

Unscheduled Online ClassWeek: 45 - 0
One 3.00 hours unscheduled online class per week on any day including weekend during the day from week 45 to week 0 and delivered via online.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignment (1,000 words per student)Students identify, research and respond to a case study, applying their knowledge of economic concepts.

N/AN/AN/ANo30SILO2, SILO3, SILO4

Six individual online exercisesStudents complete problem based and inquiry/research exercises. (Equivalent to 900 words total 150 words per exercise)

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One take-home examinationStudents complete the assessment within 48 hours of it being made available. (Equivalent to a 2 hour exam/2,000 words

N/AN/AN/ANo50SILO1

Online (Didasko), 2020, Study block 2, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Suzanne Young

Class requirements

Unscheduled Online ClassWeek: 6 - 17
One 3.00 hours unscheduled online class per week on any day including weekend during the day from week 6 to week 17 and delivered via online.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignment (1,000 words per student)Students identify, research and respond to a case study, applying their knowledge of economic concepts.

N/AN/AN/ANo30SILO2, SILO3, SILO4

Six individual online exercisesStudents complete problem based and inquiry/research exercises. (Equivalent to 900 words total 150 words per exercise)

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One take-home examinationStudents complete the assessment within 48 hours of it being made available. (Equivalent to a 2 hour exam/2,000 words

N/AN/AN/ANo50SILO1

Online (Didasko), 2020, Study block 4, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Suzanne Young

Class requirements

Unscheduled Online ClassWeek: 15 - 26
One 3.00 days unscheduled online class per week on any day including weekend during the day from week 15 to week 26 and delivered via online.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignment (1,000 words per student)Students identify, research and respond to a case study, applying their knowledge of economic concepts.

N/AN/AN/ANo30SILO2, SILO3, SILO4

Six individual online exercisesStudents complete problem based and inquiry/research exercises. (Equivalent to 900 words total 150 words per exercise)

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One take-home examinationStudents complete the assessment within 48 hours of it being made available. (Equivalent to a 2 hour exam/2,000 words

N/AN/AN/ANo50SILO1

Online (Didasko), 2020, Study block 6, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Suzanne Young

Class requirements

Unscheduled Online ClassWeek: 23 - 34
One 3.00 hours unscheduled online class per week on any day including weekend during the day from week 23 to week 34 and delivered via online.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignment (1,000 words per student)Students identify, research and respond to a case study, applying their knowledge of economic concepts.

N/AN/AN/ANo30SILO2, SILO3, SILO4

Six individual online exercisesStudents complete problem based and inquiry/research exercises. (Equivalent to 900 words total 150 words per exercise)

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One take-home examinationStudents complete the assessment within 48 hours of it being made available. (Equivalent to a 2 hour exam/2,000 words

N/AN/AN/ANo50SILO1

Online (Didasko), 2020, Study block 8, Online

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Suzanne Young

Class requirements

Unscheduled Online ClassWeek: 32 - 43
One 3.00 hours unscheduled online class per week on any day including weekend during the day from week 32 to week 43 and delivered via online.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignment (1,000 words per student)Students identify, research and respond to a case study, applying their knowledge of economic concepts.

N/AN/AN/ANo30SILO2, SILO3, SILO4

Six individual online exercisesStudents complete problem based and inquiry/research exercises. (Equivalent to 900 words total 150 words per exercise)

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One take-home examinationStudents complete the assessment within 48 hours of it being made available. (Equivalent to a 2 hour exam/2,000 words

N/AN/AN/ANo50SILO1