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BU1003 - Economics for Sustainable Business

Credit points: 03
Year: 2019
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

Townsville, Internal, Study Period 1
Census Date 28-Mar-2019
Coordinator: Miss Diana Sheedy, Dr Taha Chaiechi
Lecturers: Miss Diana Sheedy, Professor Zhang-Yue Zhou.
Contact hours:
  • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
    Assessment: end of semester exam (40%); online quizzes (30%); case study report (30%).
    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.

    External, Study Period 1
    Census Date 28-Mar-2019
    Coordinator: Dr Taha Chaiechi
    Lecturers: Miss Diana Sheedy, Professor Zhang-Yue Zhou.
    Contact hours:
    • 0 hours
      Method of Delivery: WWW - LearnJCU
      Assessment: end of semester exam (40%); online quizzes (30%); case study report (30%).

      Cairns, Internal, Study Period 1
      Census Date 28-Mar-2019
      Coordinator: Dr Taha Chaiechi
      Lecturers: Miss Diana Sheedy, Mrs Tracey Cockburn.
      Contact hours:
      • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
        Assessment: end of semester exam (40%); online quizzes (30%); case study report (30%).
        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.

        JCU Singapore, Internal, Study Period 51
        Census Date 11-Apr-2019
        Coordinator: Dr Taha Chaiechi
        Lecturer: Dr Pengji Wang.
        Contact hours:
        • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
          Assessment: end of semester exam (40%); online quizzes (30%); case study report (30%).

          JCU Singapore, Internal, Study Period 52
          Census Date 08-Aug-2019
          Contact hours:
          • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
            Assessment: end of semester exam (40%); online quizzes (30%); case study report (30%).

            JCU Singapore, Internal, Study Period 53
            Census Date 05-Dec-2019
            Contact hours:
            • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
              Assessment: end of semester exam (40%); online quizzes (30%); case study report (30%).

              JCU Brisbane, Internal, Study Period 21
              Census Date 11-Apr-2019
              Coordinator: Dr Taha Chaiechi
              Lecturer: Mr Gregory Trotman.
              Contact hours:
              • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
                Assessment: end of semester exam (40%); online quizzes (30%); case study report (30%).

                JCU Brisbane, Internal, Study Period 22
                Census Date 08-Aug-2019
                Coordinator: Dr Taha Chaiechi
                Lecturer: Mr Gregory Trotman.
                Contact hours:
                • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
                  Assessment: end of semester exam (40%); online quizzes (30%); case study report (30%).

                  JCU Brisbane, Internal, Study Period 23
                  Census Date 05-Dec-2019
                  Coordinator: Dr Taha Chaiechi
                  Lecturer: Mr Gregory Trotman.
                  Contact hours:
                  • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
                    Assessment: end of semester exam (40%); online quizzes (30%); case study report (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.