MODERN ECONOMIES IN A CHANGING WORLD

BUS1ECW

2021

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-ordinatorDavid Walker

Available to Study Abroad/Exchange StudentsYes

Subject year levelYear Level 1 - UG

Available as ElectiveNo

Learning ActivitiesOnline activities including some short videos, reading materials, workshop problems, participation in discussion forums and in class activities

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesN/A

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

Learning resources

The Economy

Resource TypeWeb resource

Resource RequirementRecommended

AuthorCORE project

YearN/A

Edition/VolumeN/A

PublisherCORE project - Free e book

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationhttps://www.core-econ.org/

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

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

Select to view your study options…

Start date between: and    Key dates

Melbourne (Bundoora), 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid Walker

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 elementCommentsCategoryContributionHurdle% ILO*

Five in-class or online formative exercises broadly equivalent to 1,200

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5

Major assignment Open-ended assessment that is peer graded (1,000 words equivalent)

N/AAssignmentIndividualNo30 SILO1, SILO2, SILO3

Final exam- 2 hours 2,000 words equivalent

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2021, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based LearningWeek: 31 - 43
One 2.00 hours 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*

Five in-class or online formative exercises broadly equivalent to 1,200

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4, SILO5

Major assignment Open-ended assessment that is peer graded (1,000 words equivalent)

N/AAssignmentIndividualNo30 SILO1, SILO2, SILO3

Final exam- 2 hours 2,000 words equivalent

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5