Assesment 3
KING’S OWN INSTITUTE* Success in Higher Education BUS700 ECONOMICS T219 All information contained within this Subject Outline applies to all students enrolled in the trimester as indicated. 1. General Information 1.1 Administrative Details Associated HE Award(s) Duration Level Subject Coordinator Grad. Certificate in Business Graduate Diploma of Business Master of Accounting (elective) Master of Professional Accounting 1 trimester Postgraduate Dr Yeon Kim
[email protected] P: 92833583 (Ext.172) L: Level 1, 545 Kent St. Consultation: via Moodle or by appointment 1.2 Core / Elective This is a core subject for the above courses. 1.3 Subject Weighting Indicated below is the weighting of this subject and the total course points. Subject Credit Points Total Course Credit Points 4 GCBus 16; GDBus 32; MAcc 64; MPA 64 1.4 Student Workload Indicated below is the expected student workload per week for this subject No. Timetabled Hours/Week* No. Personal Study Hours/Week** Total Workload hours/week*** 4 hours/week (2 hour Lecture + 2 hour Tutorial) 6 hours/week 10 hours/week * Total time spent per week at lectures and tutorials ** Total time students are expected to spend per week in studying, completing assignments, etc. *** Combination of timetable hours and personal study. 1.5 Mode of Delivery On-campus 1.6 Pre-requisites Nil 1.7 General Study and Resource Requirements o Students are expected to attend classes with the required textbook and to read specific chapters prior to the tutorials. Students should read this material before coming to class to improve their ability to participate in the weekly activities. o Students will require access to the internet and their KOI email and should have basic skills in word processing software such as MS Word, spreadsheet software such as MS Excel and visual presentation software such as MS PowerPoint. o Computers and WIFI facilities are extensively available for student use throughout KOI. Students are encouraged to make use of the campus Library for reference materials. Resource requirements specific to this subject: There are no specific resources for this subject. BUS700 ECONOMICS T219 18/06/2019 16:42 PAGE 1 OF 16 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Approved by KOI Academic Board for T2 2019 mailto:
[email protected] BUS700 2. Academic Details 2.1 Overview of the Subject The subject is a broad-based treatment of contemporary economics and its business applications. It covers microeconomics (dealing with the behaviour consumers, resource-owners and businesses, the choices and decisions they make and the effects of these decisions on others and on the economy as a whole) and macroeconomics (including issues such as unemployment, inflation, GDP, taxes and government economic policies) 2.2 Graduate Attributes for Postgraduate Courses Graduates of Postgraduate courses from King’s Own Institute will gain the graduate attributes expected from successful completion of a Master’s degree under the Australian Qualifications Framework (2nd edition, January 2013). Graduates at this level will be able to apply an advanced body of knowledge in a range of contexts for professional practice or scholarship and as a pathway for further learning. King’s Own Institute’s key generic graduate attributes for a master’s level degree are summarised below: Across the course, these skills are developed progressively at three levels: o Level 1 Foundation – Students learn the skills, theories and techniques of the subject and apply them in stand-alone contexts. o Level 2 Intermediate – Students further develop skills, theories and techniques of the subject and apply them in more complex contexts, beginning to integrate the application with other subjects. o Level 3 Advanced – Students have a demonstrated ability to plan, research and apply the skills, theories and techniques of the subject in complex situations, integrating the subject content with a range of other subject disciplines within the context of the course KOI Master’s Degree Graduate Attributes Detailed Description Knowledge Current, comprehensive and coherent knowledge, including recent developments and applied research methods Critical Thinking Critical thinking skills to identify and analyse current theories and developments and emerging trends in professional practice Communication Communication and technical skills to analyse and theorise, contribute to professional practice or scholarship and present ideas to a variety of audiences. Research and Information Literacy Cognitive and technical skills to access and evaluate information resources, justify research approaches and interpret theoretical propositions Creative Problem Solving Skills Cognitive, technical and creative skills to investigate, analyse and synthesise complex information, concepts and theories, solve complex problems and apply established theories to situations faced in professional practice. Ethical and Cultural Sensitivity Appreciation and accountability for ethical principles, cultural sensitivity and social responsibility, both personally and professionally Leadership and Strategy Initiative, leadership skills and ability to work professionally and collaboratively to achieve team objectives across a range of team roles. Expertise in strategic thinking, developing and implementing business plans and decision making under uncertainty Professional Skills High level personal autonomy, judgement decision-making and accountability required to begin professional practice. BUS700 ECONOMICS T219 18/06/2019 16:42 PAGE 2 OF 16 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Approved by KOI Academic Board for T2 2019 BUS700 2.3 Subject Learning Outcomes Listed below, are key knowledge and skills students are expected to attain by successfully completing this subject: Subject Learning Outcomes Contribution to Course Graduate Attributes a) Explain and apply microeconomic concepts to consumer behaviors and business management decision making and problem solving b) Critically compare and contrast the characteristics of different market structures, and evaluate their impact on business and competition. c) Explain macroeconomic concepts and demonstrate their application to the study of GDP and economic growth, inflation and unemployment, aggregate demand and supply, monetary and fiscal policies, and financial systems d) Develop coherent arguments when recommending solutions and critically evaluate theories in economics. 2.4 Subject Content and Structure Below are details of the subject content and how it is structured, including specific topics covered in lectures and tutorials. Reading refers to the text unless otherwise indicated. Weekly Planner: Week (beginning) Topic Covered in Each Week’s Lecture Reading(s) Expected work as listed in Moodle 1 08 Jul Demand and Supply Chs. 1, 3 Tutorial activities 2 15 Jul Elasticity, Efficiency and Government Policy Chs. 4, 5 Tutorial activities 3 22 Jul Producer Behavior, Perfect Competition Chs. 6, 7 Tutorial activities 4 29 Jul Monopoly, and Monopolistic Competition Ch. 8, Ch.9 pp 252-265 Tutorial activities 5 05 Aug Oligopoly and Game theory Ch. 9 pp 266-274 Tutorial activities 6 12 Aug Mid trimester test Research Assignment Guideline & Discussion Mid trimester exams 18 Aug 2019 – 25 Aug 2019 Mid trimester break 7 26 Aug GDP and Economic growth Ch. 13 Tutorial activities 8 02 Sep Business cycle, Unemployment and Inflation Ch. 14, Ch. 15 pp 478-482 Tutorial activities 9 09 Sep Aggregate Demand and Supply Ch. 15 Tutorial activities Deferred mid trimester exams - see Section 2.6 below for more information BUS700 ECONOMICS T219 18/06/2019 16:42 PAGE 3 OF 16 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A Approved by KOI Academic Board for T2 2019 BUS700 10 16 Sep Fiscal Policy Ch. 18 Tutorial activities Research report due 11 23 Sep Monetary Policy Ch. 17 Tutorial activities 12 30 Sep Macroeconomics in an open economy Ch. 20 Tutorial activities 13 06 Oct Study review week 14 14 Oct Final Exam Week Please see Exam Timetable for exam date, time and location 15 20 Oct Student Vacation begins Enrolments for T319 open 16 28 Oct Results Released 29 Oct 2019 Certification of Grades 01 Nov 2019 T319 begins 04 Nov 2019 1 04 Nov Week 1 of classes for T319 Friday 01 Nov 2019 – Review of Grade Day for T219 – see Sections 2.6 and 3.6 below for more information. 2.5 Public Holiday Amendments Please note: KOI is closed on all scheduled NSW Public Holidays. T219 has one (1) public holiday (Labour Day) that occurs during this trimester. Classes scheduled for this public holiday (Calendar Class Dates) will be rescheduled as per the table below. This applies to ALL subjects taught in T219. Please see the table below and adjust your class timing as required. Please make sure you have arrangements in place to attend the rescheduled classes if applicable to your T219 enrolment. Classes will be conducted at the same time and in the same location as your normally scheduled class except these classes will be held on the date shown below. Calendar Class Date Rescheduled Class Date Monday 07 October 2019 (Week 13) Study Review Week Not required 2.6 Review of Grade, Deferred Exams & Supplementary Exams/Assessments Review of Grade: There may be instances when you believe that your final grade in a subject does not accurately reflect your performance against the subject criteria. Section 8 of the Assessment and Assessment Appeals Policy (www.koi.edu.au) describes the grounds on which you may apply for a Review of Grade. If this happens and you are unable to resolve it with