MODERN ECONOMIES IN A CHANGING WORLD

BUS1ECW

2020

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 cover a range of trends that are shaping modern society 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. 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.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: Joanna Poyago-Theotoky

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 1 - UG

Exchange Students: No

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: Must be enrolled in one of the following courses: LBCOM, LZCOMA, LZCA, LZCOMS, LZCHS, LZCCS, LZCAG, LBPPE, LWLPPE, LZCOML, LWCOML, LZCIR, LZCBM, ABHIT, SZCYC

Co-requisites: N/A

Incompatible subjects: 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

The Economy

Resource Type: Book

Resource Requirement: Recommended

Author: CORE project

Year: N/A

Edition/Volume: N/A

Publisher: CORE project

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. Apply economic concepts and principles to analyse economic problems in the real world.

02. Interpret evidence as part of an exploratory process and critically reflect on its application.

03. Utilise and critique a range of economic tools and approaches to draw conclusions and make recommendations.

04. Reflect on the differences between institutions across economies and analyse the impact of economic policy.

05. Analyse the impact of economic growth and innovation over time on the welfare of contemporary society.

Melbourne (Bundoora), 2020, Semester 1, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information: N/A

Subject Instance Co-ordinator: Joanna Poyago-Theotoky

Class requirements

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Students will complete work prior to the PBL class each week.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
In-class problemsFormative assessment broadly (1,200 words equivalent)	N/A	N/A	N/A	No	20	SILO1, SILO2, SILO3, SILO4, SILO5
Major assignmentOpen-ended assessment that is peer graded(1,000 words equivalent)	N/A	N/A	N/A	No	30	SILO1, SILO2, SILO3
Final exam- 2 hours2,000 words equivalent	N/A	N/A	N/A	No	50	SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2020, Semester 2, Blended