51008 ECONOMICS

Year	No.	Offer	Mode	Description			Cred. Pts
98	51008 	S2  	X 	ECONOMICS                 	1.00

Contents

STAFFING:

Examiner: J. LEE
Moderator: J. SEARLE
Instructional design: J. WORDEN

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(%)
    

  1. Introduction to Economics and Economic Concepts                       10.00

    

  2. Market Theory                                                         15.00

    

  3. Firms and the Cost of Production                                      10.00

    

  4. An Introduction to Macroeconomics                                     20.00

    

  5. Government, Fiscal Policy and the Keynesian Model                     15.00

    

  6. Money, Banking and Monetary Policy                                    15.00

    

  7. The Fiscal versus Monetary Policy Debate                              15.00

TEXT and MATERIALS to be PURCHASED:

Waud, R. et al, 1996, Economics, 3 edn, Harper Educational,
Melbourne

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

RECOMMENDED REFERENCE MATERIALS:

Clark, D. Student Economic Briefs, Financial Review Library, Sydney.

Australian Financial Review, Fairfax, Sydney.

STUDENT WORKLOAD REQUIREMENTS:

	ACTIVITY				HOURS
Residential School                            	10
Directed Study                                	30
Private Study                                 	88
Assessments                                   	30

ASSESSMENT DETAILS:

No  *F/S Marks     Due        Description                              Wtg(%)    LBL WWW
1   S              26/08/98  CML TEST 1                                5.00      Y   N
2   S              16/09/98  CML TEST 2                                5.00      Y   N
3   S    100.00    05/10/98  ASSIGNMENT 1-EXTENDED RESPONSE QUESTIONS  20.00     Y   N
4   S              21/10/98  CML TEST 3                                5.00      Y   N
5   S    65.00     END S2    3 HOUR END OF SEMESTER EXAMINATION        65.00     N   N

*F=Formative, S=Summative

OTHER REQUIREMENTS:

1    To   obtain   a   pass  in  the  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.
This information is accurate as at 04/11/98