bus5poe principles of economics
PRINCIPLES OF ECONOMICS
BUS5POE
2020
Credit points: 15
Subject outline
In this subject you will learn about a number of topical economic concepts and how they can be applied in real-world business and policy-making to make better decisions and improve people's well-being. This includes the main market forces of supply and demand; the choices producers make in regards to their costs; revenues and profit; competitive and monopoly market structures and how these affect market prices; the use of game theory to make more strategic economic decisions; measuring a nation's income and the cost of living; the drivers of economic growth and the causes of unemployment.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorEmmanuelle Walkowiak
Available to Study Abroad/Exchange StudentsYes
Subject year levelYear Level 5 - Masters
Available as ElectiveNo
Learning ActivitiesN/A
Capstone subjectNo
Subject particulars
Subject rules
PrerequisitesN/A
Co-requisitesN/A
Incompatible subjectsECO5POE
Equivalent subjectsN/A
Quota Management StrategyN/A
Quota-conditions or rulesN/A
Special conditionsN/A
Minimum credit point requirementN/A
Assumed knowledgeN/A
Learning resources
Principles of Economics
Resource TypeBook
Resource RequirementPrescribed
AuthorGans, King, Stonecash, Byford, Libich and Mankiw
YearN/A
Edition/Volume7th Edition
PublisherCENGAGE
ISBNN/A
Chapter/article titleN/A
Chapter/issueN/A
URLN/A
Other descriptionN/A
Source locationN/A
Career Ready
Career-focusedNo
Work-based learningNo
Self sourced or Uni sourcedN/A
Entire subject or partial subjectN/A
Total hours/days requiredN/A
Location of WBL activity (region)N/A
WBL addtional requirementsN/A
Graduate capabilities & intended learning outcomes
Graduate Capabilities
Intended Learning Outcomes
Subject options
Select to view your study options…
Melbourne (Bundoora), 2020, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorJoanna Poyago-Theotoky
Class requirements
LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
TutorialWeek: 10 - 22
One 2.00 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
Assessment element | Category | Contribution | Hurdle | % | ILO* |
---|---|---|---|---|---|
Online and/or in-class assessment tasks (Equivalent to 500 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
One 2-hour Final Examination (Equivalent to 2000 words) | N/A | N/A | No | 50 | SILO1, SILO2, SILO3, SILO4 |
1-hour Mid-Semester Exam (Equivalent to 1000 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
Problem set (Equivalent to 2000 words) | N/A | N/A | No | 30 | SILO1, SILO2, SILO3, SILO4 |
City Campus, 2020, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorEmmanuelle Walkowiak
Class requirements
LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
TutorialWeek: 10 - 22
One 2.00 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
Assessment element | Category | Contribution | Hurdle | % | ILO* |
---|---|---|---|---|---|
Online and/or in-class assessment tasks (Equivalent to 500 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
One 2-hour Final Examination (Equivalent to 2000 words) | N/A | N/A | No | 50 | SILO1, SILO2, SILO3, SILO4 |
1-hour Mid-Semester Exam (Equivalent to 1000 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
Problem set (Equivalent to 2000 words) | N/A | N/A | No | 30 | SILO1, SILO2, SILO3, SILO4 |
Bendigo, 2020, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorEmmanuelle Walkowiak
Class requirements
LectureWeek: 31 - 43
One 1.00 hour lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
TutorialWeek: 31 - 43
One 2.00 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
Assessment element | Category | Contribution | Hurdle | % | ILO* |
---|---|---|---|---|---|
Online and/or in-class assessment tasks (Equivalent to 500 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
One 2-hour Final Examination (Equivalent to 2000 words) | N/A | N/A | No | 50 | SILO1, SILO2, SILO3, SILO4 |
1-hour Mid-Semester Exam (Equivalent to 1000 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
Problem set (Equivalent to 2000 words) | N/A | N/A | No | 30 | SILO1, SILO2, SILO3, SILO4 |
Melbourne (Bundoora), 2020, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorEmmanuelle Walkowiak
Class requirements
LectureWeek: 31 - 43
One 1.00 hour lecture per week on weekdays during the day from week 31 to week 43 and delivered via blended.
TutorialWeek: 31 - 43
One 2.00 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via blended.
Assessments
Assessment element | Category | Contribution | Hurdle | % | ILO* |
---|---|---|---|---|---|
Online and/or in-class assessment tasks (Equivalent to 500 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
One 2-hour Final Examination (Equivalent to 2000 words) | N/A | N/A | No | 50 | SILO1, SILO2, SILO3, SILO4 |
1-hour Mid-Semester Exam (Equivalent to 1000 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
Problem set (Equivalent to 2000 words) | N/A | N/A | No | 30 | SILO1, SILO2, SILO3, SILO4 |
City Campus, 2020, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorEmmanuelle Walkowiak
Class requirements
LectureWeek: 31 - 43
One 1.00 hour lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
TutorialWeek: 31 - 43
One 2.00 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
Assessment element | Category | Contribution | Hurdle | % | ILO* |
---|---|---|---|---|---|
Online and/or in-class assessment tasks (Equivalent to 500 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
One 2-hour Final Examination (Equivalent to 2000 words) | N/A | N/A | No | 50 | SILO1, SILO2, SILO3, SILO4 |
1-hour Mid-Semester Exam (Equivalent to 1000 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
Problem set (Equivalent to 2000 words) | N/A | N/A | No | 30 | SILO1, SILO2, SILO3, SILO4 |
Melbourne (Bundoora), 2020, LTU Term 5, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorEmmanuelle Walkowiak
Class requirements
LectureWeek: 37 - 42
Two 1.00 hour lecture per week on weekdays during the day from week 37 to week 42 and delivered via blended.
TutorialWeek: 38 - 42
Two 2.00 hours tutorial per week on weekdays during the day from week 38 to week 42 and delivered via blended.
Assessments
Assessment element | Category | Contribution | Hurdle | % | ILO* |
---|---|---|---|---|---|
Online and/or in-class assessment tasks (Equivalent to 500 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
One 2-hour Final Examination (Equivalent to 2000 words) | N/A | N/A | No | 50 | SILO1, SILO2, SILO3, SILO4 |
1-hour Mid-Semester Exam (Equivalent to 1000 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
Problem set (Equivalent to 2000 words) | N/A | N/A | No | 30 | SILO1, SILO2, SILO3, SILO4 |
City Campus, 2020, LTU Term 5, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorEmmanuelle Walkowiak
Class requirements
LectureWeek: 37 - 42
Two 1.00 hour lecture per week on weekdays during the day from week 37 to week 42 and delivered via blended.
TutorialWeek: 38 - 42
Two 2.00 hours tutorial per week on weekdays during the day from week 38 to week 42 and delivered via blended.
Assessments
Assessment element | Category | Contribution | Hurdle | % | ILO* |
---|---|---|---|---|---|
Online and/or in-class assessment tasks (Equivalent to 500 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
One 2-hour Final Examination (Equivalent to 2000 words) | N/A | N/A | No | 50 | SILO1, SILO2, SILO3, SILO4 |
1-hour Mid-Semester Exam (Equivalent to 1000 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
Problem set (Equivalent to 2000 words) | N/A | N/A | No | 30 | SILO1, SILO2, SILO3, SILO4 |
On-Line, 2020, Online study period 1, Online
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorEmmanuelle Walkowiak
Class requirements
Unscheduled Online ClassWeek: 2 - 8
One 6.00 hours unscheduled online class per week on any day including weekend during the day from week 2 to week 8 and delivered via online.
Assessments
Assessment element | Category | Contribution | Hurdle | % | ILO* |
---|---|---|---|---|---|
Online and/or in-class assessment tasks (Equivalent to 500 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
One 2-hour Final Examination (Equivalent to 2000 words) | N/A | N/A | No | 50 | SILO1, SILO2, SILO3, SILO4 |
1-hour Mid-Semester Exam (Equivalent to 1000 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
Problem set (Equivalent to 2000 words) | N/A | N/A | No | 30 | SILO1, SILO2, SILO3, SILO4 |
On-Line, 2020, Online study period 3, Online
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorEmmanuelle Walkowiak
Class requirements
Unscheduled Online ClassWeek: 18 - 24
One 6.00 hours unscheduled online class per week on any day including weekend during the day from week 18 to week 24 and delivered via online.
Assessments
Assessment element | Category | Contribution | Hurdle | % | ILO* |
---|---|---|---|---|---|
Online quizzesBroadly equivalent to 1250 words. | N/A | N/A | No | 30 | SILO1, SILO2, SILO3, SILO4 |
Three, Real-world policy application tasksIncludes an online peer-review for the first two tasks.Broadly equivalent to 2500 words total. | N/A | N/A | No | 40 | SILO1, SILO2, SILO3, SILO4 |
Six, Open-ended individual problem sets400 - 600 words each. Broadly equivalent to 2500 words total. | N/A | N/A | No | 30 | SILO1, SILO2, SILO3, SILO4 |
Sydney, 2020, Study period 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorJan Libich
Class requirements
LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
TutorialWeek: 10 - 22
One 2.00 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
Assessment element | Category | Contribution | Hurdle | % | ILO* |
---|---|---|---|---|---|
Online and/or in-class assessment tasks (Equivalent to 500 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
One 2-hour Final Examination (Equivalent to 2000 words) | N/A | N/A | No | 50 | SILO1, SILO2, SILO3, SILO4 |
1-hour Mid-Semester Exam (Equivalent to 1000 words) | N/A | N/A | No | 10 | SILO1, SILO2, SILO3, SILO4 |
Problem set (Equivalent to 2000 words) | N/A | N/A | No | 30 | SILO1, SILO2, SILO3, SILO4 |