Please do Assignment 3
Charles Sturt University Subject Outline ECO511 201830 S I-2 February 2018-Version 1 Page of 1 20 ECO511 - Economics for Business Session 1 2018 Faculty of Business, Justice and Behavioural Sciences School of Accounting and Finance Internal Mode Welcome to a new session of study at Charles Sturt University. Please refer to the University’s (http://student.csu.edu.au/study/acknowledgement-of-country).Acknowledgement of Country Subject Coordinator Humayun Murshed Email hmurshed@studygroup.com Phone 00000 Campus Other Building/Room number To be advised. Consultation procedures Lecturer Maruf Mostafa Email MMostafa@studygroup.com Or Lecturer Karuna Mahhavan Email KMadhavan@studygroup.com The best way to contact me is via email if you have any questions concerning the contents and teaching of this subject. However, you should consider if your question is already addressed elsewhere (e.g. Subject outline, Announcements and within Interact2 site) and if you are contacting theiLearn most appropriate person. Email Etiquette: In order to receive responses to your email on time ensure that you address the issue meeting the basic requirements of .professional communication You should include your ID in the to enable me to read andnumber, full name, subject code and type of query header/subject identify who has sent the email. This will also avoid your email being treated as SPAM. Further guidance on composing is available at: an academic query email https://interact2.csu.edu.au/webapps/blackboard/content/listContentEditable.jsp?content_id=_912995_1&course_id=_9258_1&mode=reset If you cannot contact your Subject Coordinator, please contact your teaching team using the contact details and consultation procedures provided on your Interact2 subject site. What is your subject about? A brief overview This subject introduces students to the economist’s way of thinking about the activities of individuals and institutions (both private and government) which determine the nature of our business and social environment. The subject presents, applies and assesses the key theoretical principles in Microeconomics and Macroeconomics that enable us to make sensible decisions in a complex world. Learning outcomes On successful completion of this subject, you should: be able to apply demand and supply analysis to make a range of market related decisions; be able to identify and critically evaluate opportunities for specialisation and exchange; http://student.csu.edu.au/study/acknowledgement-of-country https://interact2.csu.edu.au/webapps/blackboard/content/listContentEditable.jsp?content_id=_912995_1&course_id=_9258_1&mode=reset https://interact2.csu.edu.au/webapps/blackboard/content/listContentEditable.jsp?content_id=_912995_1&course_id=_9258_1&mode=reset https://interact2.csu.edu.au/webapps/blackboard/content/listContentEditable.jsp?content_id=_912995_1&course_id=_9258_1&mode=reset Charles Sturt University Subject Outline ECO511 201830 S I-2 February 2018-Version 1 Page of 2 20 be able to make decisions that incorporate the relevant benefits and cost analysis; be able to explain and defend why it is important to understand the structure of the market in which a firm operates; be able to critically examine and demonstrate why it might be necessary for government to intervene in the production of goods and services and in the distribution of income; and be able to examine critically the health of the economy as a whole through the analysis of major economic variables and advise on likely policy alternatives. Pass Requirements You must obtain at least 50% in both the examination and the total mark in order to pass this subject. You must pass the exam to pass the subject. To be eligible for the grade AA or AE you must have submitted all assessment items in the subject, including the final exam. If you choose not to complete an assessment item or do not sit the final exam then you will not be granted an AA or an AE grade. Key Subjects Passing a key subject is one of the indicators of satisfactory academic progress through your course. You must pass the key subjects in your course at no more than two attempts. The first time you fail a key subject you will be 'at risk' of exclusion; if you fail a second time you will be excluded from the course. The (https://policy.csu.edu.au/view.current.php?id=00250) sets out theAcademic Progress Policy requirements and procedures for satisfactory academic progress, for the exclusion of students who fail to progress satisfactorily and for the termination of enrolment for students who fail to complete in the maximum allowed time. Assumed knowledge Academic integrity means acting with honesty, fairness and responsibility, and involves observing and maintaining ethical standards in all aspects of academic work. This subject assumes that you understand what constitutes plagiarism, cheating and collusion. If you are a new student we expect you to complete the modules called Academic Integrity at CSU (https://interact2.csu.edu.au/webapps/blackboard/execute/courseMain?course_id=_16412_1&task=true&src=). Prescribed Text Hubbard, G., Garnett, A., Lewis, P. and O’Brien, T. (2015) , PearsonEssentials of Economics Australia: Frenchs Forest; and the associated MyEconLab to accompany the text. The textbooks required for each of your enrolled subjects can also be found via the Student Portal (http://student.csu.edu.au/study/study-essentials/textbooks) page.Textbooks Subject and Assessment Schedule Schedule ECO501 ECONOMICS FOR BUSINESS Week Date Topic Text reading Assessment 1 26 Feb 1. Models and market Chapters 1 & 2 2 5 March 2. Demand and supply Chapters 3 & 4 3 12 March 3. Efficiency Chapter 5 Assignment 1: Due 12March 4 19 March 4. Analysis of the firm (I) Chapters 6 & 7 5 26 March 5. Analysis of the firm (II) Chapters 8 & 9 6 2 April 6. Factors of production Chapter 10 7 9 April Mid-session break https://policy.csu.edu.au/view.current.php?id=00250 https://interact2.csu.edu.au/webapps/blackboard/execute/courseMain?course_id=_16412_1&task=true&src= http://student.csu.edu.au/study/study-essentials/textbooks Charles Sturt University Subject Outline ECO511 201830 S I-2 February 2018-Version 1 Page of 3 20 8 16 April Mid-session break 9 23 April 7. Government intervention Chapter 11 Assignment 2: Due 23 April 10 30 April 8. Key macroeconomic variables Chapters 12 &13 11 7 May 9. Aggregate demand and supply Chapter 14 12 14 May 10. Money Chapter 15 Assignment 3: Due 14 May 13 21May 11.Monetary and fiscal policy Chapters 16 &17 14 28 May 12. The open economy Chapters 18 &19 15 4 June Exam Week 1 16 11 June Exam Week 2 Please see below Additional/Replacement Class Requirements for this session: Classes running on the following Public Holidays should have a replacement class: - Friday 30th March 2018 (Good Friday) - Monday 02nd April 2018 (Easter Monday) - Wednesday 25th April 2018 (ANZAC Day) Subject Content The subject content as defined by topics is described in the study schedule. Subject Delivery Class/tutorial times and location If you are enrolled in an internal offering of this subject, your class times can be found at Timetable @ (http://timetable.csu.edu.au). If you are enrolled in the online offering of the subject, thisCSU timetable will not apply. Find out how to use Timetable @ CSU via the Student Portal Class (http://student.csu.edu.au/study/study-essentials/timetable) page.Timetable Learning, teaching and support strategies In this subject we will meet for a 3 hour session where we will discuss that week?s topic. Before you come to class you need to have looked at the online activities in the Interact site. All of your subject materials are available on the Interact2 site under the Topics link in the left hand side menu. I suggest that for each topic you read the learning outcomes carefully, read the commentary, have a quick skim of the text and readings and then listen to the short audio lectures and watch the relevant videos. Once you have got a feel for what the topic is about try and make a good set of notes under each of the topic learning outcomes. You can do this consulting the text and readings again in a more considered way. To help you engage with the subject it is also helpful to have a small task to complete early in the session to provide a focus in the subject from the first day. So please note that your first subject assessment Assessment 1 is scheduled early in the session. This brief assessment covers item the material from the first few weeks of the course. If you don't attempt the assessment, or receive a poor mark, I may email you to have a chat about study and if there are any issues that I can help with. I suggest you read the learning outcomes in the subject overview in this subject outline guide. Then look at the assessment items and read the marking criteria for each. Check the subject schedule to plan the session, noting the important dates and the text book readings required each week. Have a skim of the text book chapters and then become familiar with the online topic materials and view the general overview videos in each topic. As you progress in the subject continue to use the topic and resource materials and create a good set of your own summary notes. Remember to check announcements and stay in touch. Engage with and enjoy your subject! http://timetable.csu.edu.au http://timetable.csu.edu.au http://student.csu.edu.au/study/study-essentials/timetable http://student.csu.edu.au/study/study-essentials/timetable Charles Sturt University Subject Outline ECO511 201830 S I-2 February 2018-Version 1 Page of 4 20 Academic learning support Information on effective time management is available on the CSU Learning Support website via the following link: http://student.csu.edu.au/ Visit the learning support website for advice about assignment preparation, academic reading and note-taking, referencing, and preparing for exams at: http://student.csu.edu.au/study The Study Centres also offers a range of workshops specifically targeting your needs as an international student. These workshops run multiple times per week and build into the comprehensive Academic Skills Development Program that you should participate in. Additionally, a number of student volunteers are available to assist you in a program known as Discipline Support Sessions. Please see the timetables for these programs on the noticeboards on campus and also via the iLearn Interact2 Organisation site. You may also contact: Angela Maag Study Support Manager Phone: 02 9291 9358 E-mail: AMaag@studygroup.com Dr Susan Lee Study Support Coordinator Phone: 02 9291 9337 E-mail: SusanLee@studygroup.com Elaine Rodrigues Study Support Coordinator (Intervention) Phone: 02 8055 3413 E-mail: ERodrigues@studygroup.com For appointments, please see Reception. Queries regarding the content of this subject should be directed to your Subject Lecturer. Library services CSU Study Centre Library Collection The CSU Study Centre Library Catalogue is online at: http://primo.unilinc.edu.au/primo_library/libweb/action/search.do?vid=SGA You can search for books in the local Sydney library collection. You are able to Sign In to the CSU Study Centre library catalogue online to place requests for books that are on loan to other students, check their library record, and renew loans prior to the due date. This library service is available online 24/7. When books with outstanding requests are returned to the CSU Study Centre Library, an email will be automatically sent to the next student who is waiting for that book. CSU Library