51008 ECONOMICS

Year	No.	Offer	Mode	Description			Cred. Pts
98	51008 	S1  	D 	ECONOMICS                 	1.00

Contents

• Staffing
• Synopsis
• Objectives
• Topics
• Texts
• Recommended References
• Student Workload
• Assessment Details
• Other Requirements

STAFFING:

SYNOPSIS:

Economic  concepts and ideas are used in both business and  government
as  the  basis for much decision-making. This unit introduces students
to  the  main economic concepts and provides them with the opportunity
to explore some of the key contemporary economic issues.

OBJECTIVES:

On successful completion of this unit students will be able
to:

1. Explain and use in a simple way some of the major economic
   decision-making concepts.
   
2. Explain some of the key principles behind economic markets.
   
3. Explain what is likely to happen in simple market situations
   when key variables are changed.
   
4. Explain why businesses might take particular production and
   scale decisions.
   
5. Explain what some of the main economic problems confronting
   modern economies are, and how governments try to ameliorate
   them.
   
6. Understand the components of a national economy and be able to
   represent them as a model.
   
7. Explain the roles of money in society, in relation to
   commercial banking and government policy.
   
8. Understand that there are differences of opinion within
   economics and be able to explain the basic differences between
   two major schools of thought.
   

TOPICS:

 Description                                                    Weighting(%)

Introduction to Economics and Economic Concepts                       10.00

Market Theory                                                         15.00

Firms and Their Cost of Production                                    10.00

An Introduction to Macroeconomics                                     20.00

Government, Fiscal Policy to the Keynesian Model                      15.00

Money, Banking and Monetary Policy                                    15.00

The Fiscal versus Monetary Policy Debate                              15.00

TEXT and MATERIALS to be PURCHASED:

Hastings, T. et al, 1996, Economics Study Guides: Microeconomics and
Macroeconomics, Harper Educational, Melbourne.

RECOMMENDED REFERENCE MATERIALS:

Australian Financial Review, Fairfax Press, Sydney.

STUDENT WORKLOAD REQUIREMENTS:

	ACTIVITY				HOURS
Lectures                                      	28
Tutorials/Workshops                           	14
Directed Study                                	30
Private Study                                 	40
Assessments                                   	33

ASSESSMENT DETAILS:

No  *F/S Marks     Due        Description                              Wtg(%)    LBL WWW
1   S    30.00     31/03/98  EXAMINATION PART A                        6.00      N   N
2   S    100.00    01/05/98  ASSIGNMENT                                20.00     N   N
3   S    30.00     21/05/98  EXAMINATION PART B                        9.00      Y   N
4   S    65.00     END S1    3 HOUR END OF SEMESTER EXAMINATION        65.00     N   N

OTHER REQUIREMENTS:

1    To  obtain a pass in a unit, students must perform satisfactorily
     in overall assignment work and the examination.
2    The due date of an assignment is the date by which a student must
     despatch  the assignment to the University, and is normally  that
     defined  in the relevant unit specification. The onus is  on  the
     student to provide, if requested, proof of date of despatch.
3    Students  should organise their affairs to ensure that they  meet
     due  dates  for all assignments. Extensions will be granted  only
     under exceptional extenuating circumstances, normally involving a
     significant medical condition.
4    Students  may  apply  for  an  assignment  extension  either   by
     application  through  DEC before the due  date  or  by  including
     application  with the submitted assignment after  the  due  date.
     Such  applications  should be in writing and  include  supporting
     documentary evidence. The authority for granting extensions rests
     with the relevant Unit Leader.
5    All  assignments  despatched after due dates without  appropriate
     extension  approvals or after approved extension  dates  will  be
     penalised  up to a maximum of 20% of the assigned mark  per  work
     day.
6    Students  must  retain a copy of all assignments  which  must  be
     provided if/when required by the Unit Leader.
7    Unit  weightings of topics should not be interpreted as  applying
     to  the  number  of  marks allocated to questions  testing  those
     topics in an examination paper.
8    Students must perform at a commensurate grade level in all pieces
     of assessment to achieve a particular grade.