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BU1003 - Principles of Economics
| Credit points: | 3 |
| Year: | 2021 |
| Student Contribution Band: | Band 3 |
| Administered by: | College of Business, Law & Governance |
This subject provides students with an introduction to economics. Students cover foundational concepts in microeconomics and macroeconomics. In microeconomics, the subject introduces the economic principles of demand and supply which are fundamental to understanding market outcomes and government intervention in particular markets (for example to provide social services/protection, environmental protection or to stop anti-competitive market behaviour). In macroeconomics, the subject introduces the principles of economic growth and the tools governments use to steer economic growth (both in the short and long run) or make that growth more sustainable and inclusive. Understanding the principles of economics allows students to anticipate the behaviour of market agents (be they individuals, firms or governments), which is an important skill to any student, not the least those pursuing a career in business.
Learning Outcomes
- explain the basic principles of economics;
- identify and apply the characteristics of economic thought and theory;
- examine the practical relevance of economics and apply to current microeconomic and macroeconomic contexts.
Subject Assessment
- Written > Examination (centrally administered) - (40%) - Individual
- Online quizzes - (30%) - Individual
- Written > Case study analysis - (30%) - Individual.
Special Assessment Requirements
Tutorial attendance is mandatory in this subject. A student who fails to attend at least 70% must meet with the Associate Dean of Learning and Teaching and provide evidence as to why he or she should be permitted to sit the final exam or submit the final assessment task.
| Inadmissible Subject Combinations: |
EC1001 EC1005 BU1903 |
Availabilities |
|
| Townsville, Internal, Study Period 1 | |
| Census Date 25-Mar-2021 | |
| Workload expectations: |
The student workload for this 3 credit point subject is approximately 130 hours.
|
| External, Study Period 1 | |
| Census Date 25-Mar-2021 | |
| Workload expectations: |
The student workload for this 3 credit point subject is approximately 130 hours.
|
| Method of Delivery: | WWW - LearnJCU |
| Cairns, Internal, Study Period 1 | |
| Census Date 25-Mar-2021 | |
| Workload expectations: |
The student workload for this 3 credit point subject is approximately 130 hours.
|
| JCU Singapore, Internal, Study Period 51 | |
| Census Date 08-Apr-2021 | |
| Workload expectations: |
The student workload for this 3 credit point subject is approximately 130 hours.
|
| JCU Singapore, Internal, Study Period 52 | |
| Census Date 05-Aug-2021 | |
| Workload expectations: |
The student workload for this 3 credit point subject is approximately 130 hours.
|
| JCU Singapore, Internal, Study Period 53 | |
| Census Date 02-Dec-2021 | |
| Workload expectations: |
The student workload for this 3 credit point subject is approximately 130 hours.
|
| JCU Brisbane, Internal, Study Period 21 | |
| Census Date 08-Apr-2021 | |
| Workload expectations: |
The student workload for this 3 credit point subject is approximately 130 hours.
|
| JCU Brisbane, Internal, Study Period 22 | |
| Census Date 05-Aug-2021 | |
| Workload expectations: |
The student workload for this 3 credit point subject is approximately 130 hours.
|
| JCU Brisbane, Internal, Study Period 23 | |
| Census Date 09-Dec-2021 | |
| Workload expectations: |
The student workload for this 3 credit point subject is approximately 130 hours.
|
Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.