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.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorJoanna Poyago-Theotoky

Available to Study Abroad/Exchange StudentsYes

Subject year levelYear Level 1 - UG

Available as ElectiveNo

Learning ActivitiesN/A

Capstone subjectNo

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-requisitesN/A

Incompatible subjectsBUS1BUE

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Readings

The Economy

Resource TypeRecommended

Resource RequirementN/A

AuthorCORE project

YearN/A

Edition/VolumeN/A

PublisherCORE project

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

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.

Subject options

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Start date between: and    Key dates

Melbourne (Bundoora), 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJoanna Poyago-Theotoky

Class requirements

Problem Based Learning Week: 10 - 22
One 2.00 h 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 elementCommentsCategoryContributionHurdle% ILO*
In-class problems Formative assessment broadly (1,200 words equivalent)N/AN/AN/ANo20 SILO1, SILO2, SILO3, SILO4, SILO5
Major assignment Open-ended assessment that is peer graded (1,000 words equivalent)N/AN/AN/ANo30 SILO1, SILO2, SILO3
Final exam- 2 hours 2,000 words equivalentN/AN/AN/ANo50 SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2020, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorEmmanuelle Walkowiak

Class requirements

Problem Based Learning Week: 31 - 43
One 2.00 h problem based learning per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"Students will complete work prior to the PBL class each week."

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*
In-class problems Formative assessment broadly (1,200 words equivalent)N/AN/AN/ANo20 SILO1, SILO2, SILO3, SILO4, SILO5
Major assignment Open-ended assessment that is peer graded (1,000 words equivalent)N/AN/AN/ANo30 SILO1, SILO2, SILO3
Final exam- 2 hours 2,000 words equivalentN/AN/AN/ANo50 SILO1, SILO2, SILO3, SILO4, SILO5