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BU1003 - Economics for Sustainable Business

Credit points: 3
Year: 2015
Student Contribution Band: Band 3
Administered by: College of Business, Law & Governance

This subject is an introductory subject in Economics. It covers concepts in Macroeconomics 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 microeconomics part of the subject introduces the economic principles of demand and supply which builds a foundation to understanding topics such as market forces, externalities, the environment, competition, the role of governments in markets, price and output determination under different market structures, and trade. The macroeconomics part of the subject explains existing theories of economic growth with extensive policy applications; it also provides discussions on economic (e.g. inflation) and social (e.g. employment) goals to be pursued at national and global level in order to achieve economic development and environmental sustainability.

Learning Outcomes

  • contrast and compare economic growth rates of different countries and develop an understanding of their determinants;
  • appreciate the interrelatedness of the global economy, which implies that localised crises may have global consequences;
  • apply economics concepts to important contemporary microeconomic and macroeconomic problems including major policy issues;
  • appreciate that resource scarcity must lead to economic trade-offs and explain the decision making processes involved in making those trade-offs, both at the individual (firm) level and the aggregate level;
  • comprehend how economic policy tools at the disposal of governments may benefit individuals, individual firms and/or society at large.
Inadmissible
Subject
Combinations:
EC1001 EC1005 BU1903

Availabilities

Cairns, Study Period 1, Internal
Census Date 26-Mar-2015
Coordinator: Assoc. Professor Taha Chaiechi
Lecturers: Dr Diane Jarvis, <Person not found>.
Workload expectations:
  • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
Assessment: end of semester exam (40%); assignments (30%); weekly quizzes (30%).

JCU Brisbane, Study Period 21, Internal
Census Date 02-Apr-2015
Coordinator: Assoc. Professor Taha Chaiechi
Lecturer: Mr Noel Francis.
Workload expectations:
  • 38 hours - Combined Lectures; Tutorials/Workshops
Assessment: end of semester exam (40%); assignments (30%); weekly quizzes (30%).

JCU Brisbane, Study Period 22, Internal
Census Date 13-Aug-2015
Coordinator: Assoc. Professor Taha Chaiechi
Lecturer: Mr Noel Francis.
Workload expectations:
  • 38 hours - Combined Lectures; Tutorials/Workshops
Assessment: end of semester exam (40%); assignments (30%); weekly quizzes (30%).

JCU Brisbane, Study Period 23, Internal
Census Date 10-Dec-2015
Coordinator: Assoc. Professor Taha Chaiechi
Lecturer: Mr Noel Francis.
Workload expectations:
  • 38 hours - Combined Lectures; Tutorials/Workshops
Assessment: end of semester exam (40%); assignments (30%); weekly quizzes (30%).

JCU Singapore, Study Period 51, Internal
Census Date 09-Apr-2015
Coordinator: Assoc. Professor Taha Chaiechi, Assoc. Professor Pengji Wang
Lecturers: Assoc. Professor Pengji Wang, <Person not found>.
Workload expectations:
  • 38 hours - Combined Lectures; Tutorials/Workshops
Assessment: end of semester exam (40%); assignments (30%); weekly quizzes (30%).
Restrictions: An enrolment quota applies to this offering.

JCU Singapore, Study Period 52, Internal
Census Date 30-Jul-2015
Coord/Lect: Assoc. Professor Taha Chaiechi, Assoc. Professor Pengji Wang.
Workload expectations:
  • 38 hours - Combined Lectures; Tutorials/Workshops
Assessment: end of semester exam (40%); assignments (30%); weekly quizzes (30%).
Restrictions: An enrolment quota applies to this offering.

JCU Singapore, Study Period 53, Internal
Census Date 26-Nov-2015
Coord/Lect: Assoc. Professor Taha Chaiechi, Assoc. Professor Pengji Wang.
Workload expectations:
  • 38 hours - Combined Lectures; Tutorials/Workshops
Assessment: end of semester exam (40%); assignments (30%); weekly quizzes (30%).

Townsville, Study Period 1, Internal
Census Date 26-Mar-2015
Coordinator: Assoc. Professor Taha Chaiechi
Lecturers: Mrs Diana Sheedy, Assoc. Professor Sizhong Sun, <Person not found>.
Workload expectations:
  • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
Assessment: end of semester exam (40%); assignments (30%); weekly quizzes (30%).

Study Period 1, External
Census Date 26-Mar-2015
Coordinator: Assoc. Professor Taha Chaiechi
Lecturer: Assoc. Professor Sizhong Sun.
Workload expectations:
  • 0 hours
Method of Delivery: WWW - LearnJCU
Assessment: end of semester exam (40%); assignments (30%); weekly quizzes (30%).

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.