Course outline
Code: EMB758
Title: Managerial Economics
Faculty of Arts, Business and Law
School of Business
Teaching Session: Session 3
Year: 2017
Course Coordinator:
Dr Robert Alexander
Office:
K2.12
Telephone:
+61 7 5430 1253
Email:
[email protected]
Consultation Times:
As notified on Blackboard
1.
1.1
What is this course about?
Course description
This course aims to provide candidates with an introduction to economics as a foundation study in
business, focusing on macroeconomics and introducing international economics. Business managers need
to be aware of the economic environment in which they work, and the impact this environment has on
their decision-making. Topics such as demand and supply, fiscal and monetary policy, and international
trade will be some of the issues covered.
1.2
Course content
2.
Unit value
Following an introduction to the study of economics and in particular the global economic crisis, we look at
the areas described briefly below:
• How prices and output levels are determined through the interaction of demand and supply in a
market economy.
• The importance of national and international accounting for monitoring macroeconomic
performance and trends.
• The long-term trends and short-run fluctuations in economic growth, inflation and employment
and demonstrate these concepts and their policy implications using the basic macroeconomic
models.
• The domestic economy in a global perspective.
6 units
Page 2
Course Outline: EMB758 Managerial Economics
3.
How does this course contribute to my learning?
Specific Learning Outcomes
On successful completion of
this course you should be able
to:
Demonstrate knowledge of
microeconomic principles and
how they apply in real world
situations.
Demonstrate knowledge of
macroeconomic principles and
their usefulness in analysing
economic policy debates and
options.
Demonstrate an ability to
structure an economic
argument and support it with
relevant literature.
Assessment Tasks
Graduate Qualities
You will be assessed on the
learning outcome in task/s:
Completing these tasks successfully
will contribute to you becoming:
2
Knowledgeable.
Empowered.
1 and 2
Knowledgeable.
Empowered.
1 and 2
Creative and critical thinkers.
4.
Am I eligible to enrol in this course?
4.1
Enrolment restrictions
4.2
Pre-requisites
4.3
Co-requisites
4.4
Anti-requisites
4.5
Specific assumed prior knowledge and skills
5.
How am I going to be assessed?
5.1
Grading scale
Refer to the Coursework Programs and Awards - Academic Policy for definitions of “pre-requisites, corequisites and anti-requisites”
Must be enrolled in BU791
Nil
Nil
MBA708 or BUS702
Nil
Standard – High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL)
Page 3
Course Outline: EMB758 Managerial Economics
5.2
Task
No.
Assessment tasks
Assessment
Tasks
Individual
or Group
Weighting What is the duration
%
/ length?
1
Essay
Individual
40%
2
Take-home
exam
Individual
60%
100%
1500 - 2000 words
(excl. graphs and list
of references)
2 – 3 hours short
answer questions
When should I
submit?
Friday after second
weekend session
Second Monday after
course finishes
Where
should I
submit it?
SafeAssign
SafeAssign
Assessment Task 1: Essay
Goal:
Product:
Format:
This task will allow you to research and develop a deeper understanding of a specific
contemporary economic problem.
Essay
The essay topic will require you to apply your knowledge of the economic theory you
have learned in the context of a contemporary problem.
The topic will change with each cohort and will be advised on Blackboard at the
beginning of the course.
Please submit this Assessment Task electronically through Blackboard. See Assessment
Submission Instructions (How to submit your learning/assessment tasks to Blackboard)
in the Course Outline and Assessment areas of this Blackboard course site.
Criteria
• accuracy and relevance of economic analysis
• correct and clear argument
• communication
• referencing - Harvard system,
• grammar, spelling and presentation
• essay structure
Generic skill assessed
Skill assessment level
Communication
Graduate
Information literacy
Graduate
Assessment Task 2: Final exam
Goal:
You will demonstrate an understanding of both the macroeconomic and microeconomic
principles developed in the course and of their application.
Product: Final exam
Format:
This assessment task will be made up of short answer questions. You should complete
the task in about two to three hours at home in your own time. Researched and
referenced answers are not required. You should write from your own understanding
developed in the course. The exam covers all six modules from the course. A sample
exam will be available on Blackboard at least one month before the exam date.
Criteria
Accuracy, depth of understanding shown and clarity of expression
Generic skill assessed
Skill assessment level
Problem solving
Graduate
Communication
Graduate
Page 4
Course Outline: EMB758 Managerial Economics
5.3
Additional assessment requirements
Plagiarism
In order to minimise incidents of plagiarism and collusion, this course may require that some of its
assessment tasks, when submitted to Blackboard, are electronically checked through SafeAssign. This
software allows for text comparisons to be made between your submitted assessment item and all other
work that SafeAssign has access to.
Eligibility for Supplementary Assessment
Your eligibility for supplementary assessment in a course is dependent of the following conditions applying:
a) The final mark is in the percentage range 47% to 49.4%
b) The course is graded using the Standard Grading scale
c) You have not failed an assessment task in the course due to academic misconduct
5.4
Submission penalties
Late submission of assessment tasks will be penalised at the following maximum rate:
• 5% (of the assessment task’s identified value) per day for the first two days from the date identified
as the due date for the assessment task.
• 10% (of the assessment task’s identified value) for the third day
• 20% (of the assessment task’s identified value) for the fourth day and subsequent days up to and
including seven days from the date identified as the due date for the assessment task.
• A result of zero is awarded for an assessment task submitted after seven days from the date
identified as the due date for the assessment task.
Weekdays and weekends are included in the calculation of days late. To request an extension you must
contact your course coordinator to negotiate an outcome.
6. How is the course offered?
6.1
Directed study hours
6.2
Teaching semester/session(s) offered
6.3
Course activities
18 hours in distributed block format on campus
Session3 2017. Future offerings are yet to be determined.
Teaching
Week /
Module
What key concepts/content will I
learn?
1
Module 1 Capitalism in crisis?
2
Module 2: Why the market system is
best.
3
Module 3: From Microeconomics to
Macroeconomics.
What activities will I engage in to learn the
concepts/content?
Directed Study
Independent Study
Activities
Activities
Lecture; class
Reading of Study
discussion.
Guide and
supplementary web
references.
Lecture; class
Reading of Study
discussion.
Guide and
supplementary web
references.
Lecture; class
Reading of Study
discussion.
Guide and
supplementary web
references.
Page 5
Course Outline: EMB758 Managerial Economics
4
Module 4: Financial markets and
labour markets.
Lecture; class
discussion.
5
Module 5: Monetary policy and fiscal
policy.
Lecture; class
discussion.
6
Module 6: Globalisation.
Lecture; class
discussion.
Please note that the course activities may be subject to variation.
Reading of Study
Guide and
supplementary web
references.
Reading of Study
Guide and
supplementary web
references.
Reading of Study
Guide and
supplementary web
references.
7. What resources do I need to undertake this course?
7.1
Prescribed text(s)
7.2
Required and recommended readings
7.3
Specific requirements
7.4
Risk management
8.
How can I obtain help with my studies?
9.
Links to relevant University policies and procedures
Please note that you need to have regular access to the resource(s) listed below:
No textbook is necessary; see 7.2.
A Study Guide will be provided on Blackboard and in printed form, it will assist you in preparing for class
and will provide further information regarding particular aspects of your course including further reading
from the web.
Nil
Health and safety risks have been assessed as low. It is your responsibility to research and understand risks
of specific courses and to review the USC’s health and safety principles by viewing the online induction
training for students.
In the first instance you should contact your tutor, then the Course Coordinator. Additional assistance is
provided to all students through Peer Advisors and Academic Skills Advisors. You can drop in or book an
appointment. To book: Tel: +61 7 5430 2890 or Email: [email protected]
For more information on Academic Learning & Teaching categories including:
• Assessment: Courses and Coursework Programs
• Review of Assessment and Final Grades
• Supplementary Assessment
• Administration of Central Examinations
• Deferred Examinations
• Student Academic Misconduct
• Students with a Disability
http://www.usc.edu.au/university/governance-and-executive/policies-and-procedures#academic-learningand-teaching
Page 6
Course Outline: EMB758 Managerial Economics
10.
General enquiries
In person:
• Sippy Downs - Student Central, Ground Floor, Building C
• USC SouthBank - Student Central, Building B, Ground floor (level 1)
• USC Gympie - Student Central, 71 Cartwright Road, Gympie
• USC Fraser Coast - Student Central, Building A
Tel: +61 7 5430 2890
Email: [email protected]