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BU1003 - Economics for Business

Credit points: 3
Year: 2011
Student Contribution Band: Band 3
Administered by: School of Business

This subject is an introductory course in Economics. It covers concepts in Macroeconomis and Microeconomics and provides students with an understanding of the various economic interrelationships, both domestic and international, which will help them to reach informed business decisions in the highly dynamic world of business. The subject introduces the economic principle of demand and supply which builds a foundation to understanding topics such as market forces, externalities, the environment, competition, trade, pricing practices, government policy, economic growth, and globalisation.

Learning Outcomes

  • Demonstrate an understanding of concepts and analyses in microeconomics and macroeconomics;
  • Apply these concepts to important contemporary microeconomic and macroeconomic problems including major policy issues; and;
  • Discuss newspaper articles on Economic issues;
  • State a definition of Economics and list a range of topics which can come under this definition;
  • Analyse current economic issues.

Graduate Qualities

  • The ability to adapt knowledge to new situations;
  • The ability to define and to solve problems in at least one discipline area;
  • The ability to think critically, to analyse and evaluate claims, evidence and arguments, and to reason and deploy evidence clearly and logically;
  • The ability to find and access information using appropriate media and technologies;
  • The ability to evaluate that information;
  • An understanding of the economic, legal, ethical, social and cultural issues involved in the use of information;
  • The acquisition of coherent and disciplined sets of skills, knowledge, values and professional ethics from at least one discipline area;
  • The ability to generate, calculate, interpret and communicate numerical information in ways appropriate to a given discipline or discourse;
  • The ability to select and use appropriate tools and technologies;
  • The ability to use online technologies effectively and ethically.
Inadmissible
Subject
Combinations:
EC1001 EC1005 BU1903

Availabilities

Townsville, Internal, Study Period 2
Census Date 25-Aug-2011
Coordinator: Dr Taha Chaiechi
Lecturers: Professor Zhang-Yue Zhou, Assoc. Professor Sizhong Sun.
Workload expectations:
  • 26 hours lectures - Typically two hours per week.
  • 12 hours tutorials - Typically one hour per week commencing week two.
Assessment: end of semester exam (35%); other exams (35%); quizzes or tests (30%).
Special Assessment Requirements: Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components.

Cairns, Internal, Study Period 2
Census Date 25-Aug-2011
Coord/Lect: Dr Taha Chaiechi.
Workload expectations:
  • 26 hours lectures
  • 12 hours tutorials
Assessment: end of semester exam (35%); other exams (35%); quizzes or tests (30%).
Special Assessment Requirements: Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components.

JCU Singapore, Internal, Study Period 51
Census Date 24-Mar-2011
Coordinator: Dr Taha Chaiechi
Workload expectations:
  • 26 hours lectures - Typically two hours per week.
  • 12 hours tutorials - Typically one hour per week commencing week two.
Assessment: end of semester exam (40%); quizzes or tests (40%); presentations (20%).
Special Assessment Requirements: Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.

JCU Singapore, Internal, Study Period 52
Census Date 21-Jul-2011
Coordinator: Dr Taha Chaiechi
Workload expectations:
  • 26 hours lectures - Typically two hours per week.
  • 12 hours tutorials - Typically one hour per week commencing week two.
Assessment: end of semester exam (40%); quizzes or tests (40%); presentations (20%).
Special Assessment Requirements: Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.

JCU Singapore, Internal, Study Period 53
Census Date 17-Nov-2011
Coordinator: Dr Taha Chaiechi
Workload expectations:
  • 26 hours lectures - Typically two hours per week.
  • 12 hours tutorials - Typically one hour per week commencing week two.
Assessment: end of semester exam (40%); quizzes or tests (40%); presentations (20%).
Special Assessment Requirements: Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.

JCU Brisbane, Internal, Study Period 21
Census Date 14-Apr-2011
Coordinator: Dr Taha Chaiechi
Workload expectations:
  • 26 hours lectures - Typically two hours per week.
  • 12 hours tutorials - Typically one hour per week commencing week two.
Assessment: end of semester exam (40%); quizzes or tests (40%); presentations (20%).
Special Assessment Requirements: Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.

JCU Brisbane, Internal, Study Period 23
Census Date 08-Dec-2011
Coordinator: Dr Taha Chaiechi
Workload expectations:
  • 26 hours lectures - Typically two hours per week.
  • 12 hours tutorials - Typically one hour per week commencing week two.
Assessment: end of semester exam (40%); quizzes or tests (40%); presentations (20%).
Special Assessment Requirements: Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.

JCU Brisbane, Internal, Study Period 22
Census Date 11-Aug-2011
Coordinator: Dr Taha Chaiechi
Workload expectations:
  • 26 hours lectures - Typically two hours per week.
  • 12 hours tutorials - Typically one hour per week commencing week two.
Assessment: end of semester exam (40%); quizzes or tests (40%); presentations (20%).
Special Assessment Requirements: Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.

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.