ECO1000 Economics

Staffing

Examiner: Jeffrey Gow
Moderator: Shane Zhang

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/ict/students/standards/default.htm.

Rationale

Economics is a social science that studies how society manages its scarce resources. In this course, students will learn how to use resources more efficiently and how to allocate things in a manner that makes us all better off. All politicians and business people today use the language and ideas of economics. Economics is all around us and has become part of our everyday life. An understanding of the economic way of thinking and the principles of economics are essential for those who want to participate in a modern society.

Synopsis

Economic concepts and ideas are used in both business and government as the basis for much decision-making. This course introduces students to the main economic concepts and provides them with the opportunity to explore some of the key contemporary business and economic issues. Students not only learn the basic tenets of the discipline, but also able to relate these concepts to understand real-world problems through case studies. These case studies place students in real world situations requiring them to apply their theoretical understanding to explain and critically analyse these problems faced by business and economic managers in the 21st century. It covers both micro and macro economics.

Objectives

Topics

Text and materials required to be purchased or accessed

Reference materials

Student workload requirements

Assessment details

Important assessment information

1. Attendance requirements:
   If you are an international student in Australia, you are advised to attend all classes at your campus. For all other students, there are no attendance requirements for this course. However, it is the students' responsibility to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.
   
   
2. Requirements for students to complete each assessment item satisfactorily:
   To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)
   
   
3. Penalties for late submission of required work:
   If students submit assignments after the due date without prior approval of the examiner, then a penalty of 5% of the total marks gained by the student for the assignment may apply for each working day late up to ten working days at which time a mark of zero may be recorded.
   
   
4. Requirements for student to be awarded a passing grade in the course:
   To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.
   
   
5. Method used to combine assessment results to attain final grade:
   The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course.
   
   
6. Examination information:
   This is a restricted examination. Candidates are allowed access to specific materials during the examination. The only materials that candidates may use in the examination for this course are:
   1. writing materials (non-electronic and free from material which could give the student an unfair advantage in the examination)
   2. calculators which cannot hold textual information (students must indicate on their examination paper the make and model of any calculator(s) they use during the examination)
   3. English translation dictionaries (but not technical dictionaries).
   
   
   
7. Examination period when Deferred/Supplementary examinations will be held:
   Any Deferred or Supplementary examinations for this course will be held during the next examination period.
   
   
8. University Student Policies:
   Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au/portal/custom/search/category/usq_document_policy_type/Student.1.html.
   
   

Assessment notes

1. Assignments:
   1. The due date for an assignment is the date by which a student must submit the assignment to the USQ.
   2. Students must retain a copy of each item submitted for assessment. This must be produced within 24 hours if required by the examiner.
   3. In accordance with university policy, the examiner may grant an extension of the due date of an assignment in extenuating circumstances.
   
   
   
2. Course weightings:
   Course weightings of topics should not be interpreted as applying to the number of marks allocated to questions testing those topics in an examination paper. The examination may test material already tested in assignments.
   
   
3. Referencing in assignments:
   Harvard (AGPS) is the referencing system required in this course. Students should use Harvard (AGPS) style in their assignments to format details of the information sources they have cited in their work. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at http://www.usq.edu.au/library/help/referencing/default.htm.
   
   
4. Deferred work:
   Students who, for medical, family/personal, or employment-related reasons, are unable to complete an assignment or to sit for an examination at the scheduled time may apply to defer an assessment in a course. Such a request must be accompanied by appropriate supporting documentation and students should apply before the scheduled date of the assessment. One of the following temporary grades may be awarded IDS (Incomplete - Deferred Examination); IDM (Incomplete Deferred Make-up); IDB (Incomplete - Both Deferred Examination and Deferred Make-up).
   
   

Other requirements

1. Computer, e-mail and Internet access:
   Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/ict/students/standards/default.htm.