Charles Sturt University Subject Outline
ECO XXXXXXXXXXS I-2 Fe
uary 2018-Version 1 Page of 1 20
ECO511 - Economics for Business
Session 1 2018
Faculty of Business, Justice and Behavioural Sciences
School of Accounting and Finance
Internal Mode
Welcome to a new session of study at Charles Sturt University. Please refer to the University’s
(http:
student.csu.edu.au/study/acknowledgement-of-country).Acknowledgement of Country
Subject Coordinator Humayun Murshed
Email XXXXXXXXXX
Phone XXXXXXXXXX
Campus Other
Building/Room number To be advised.
Consultation procedures
Lecturer Maruf Mostafa
Email XXXXXXXXXX
O
Lecturer Karuna Mahhavan
Email XXXXXXXXXX
The best way to contact me is via email if you have any questions concerning the contents and
teaching of this subject. However, you should consider if your question is already addressed elsewhere
(e.g. Subject outline, Announcements and within Interact2 site) and if you are contacting theiLearn
most appropriate person.
Email Etiquette: In order to receive responses to your email on time ensure that you address the
issue meeting the basic requirements of .professional communication You should include your ID
in the to enable me to read andnumber, full name, subject code and type of query heade
subject
identify who has sent the email. This will also avoid your email being treated as SPAM.
Further guidance on composing is available at: an academic query email
https:
interact2.csu.edu.au/webapps
lackboard/content/listContentEditable.jsp?content_id=_912995_1&course_id=_9258_1&mode=reset
If you cannot contact your Subject Coordinator, please contact your teaching team using the contact
details and consultation procedures provided on your Interact2 subject site.
What is your subject about? A
ief overview
This subject introduces students to the economist’s way of thinking about the activities of individuals
and institutions (both private and government) which determine the nature of our business and social
environment. The subject presents, applies and assesses the key theoretical principles in
Microeconomics and Macroeconomics that enable us to make sensible decisions in a complex world.
Learning outcomes
On successful completion of this subject, you should:
e able to apply demand and supply analysis to make a range of market related decisions;
e able to identify and critically evaluate opportunities for specialisation and exchange;
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Charles Sturt University Subject Outline
ECO XXXXXXXXXXS I-2 Fe
uary 2018-Version 1 Page of 2 20
e able to make decisions that incorporate the relevant benefits and cost analysis;
e able to explain and defend why it is important to understand the structure of the market in
which a firm operates;
e able to critically examine and demonstrate why it might be necessary for government to
intervene in the production of goods and services and in the distribution of income; and
e able to examine critically the health of the economy as a whole through the analysis of
major economic variables and advise on likely policy alternatives.
Pass Requirements
You must obtain at least 50% in both the examination and the total mark in order to pass this subject.
You must pass the exam to pass the subject.
To be eligible for the grade AA or AE you must have submitted all assessment items in the subject,
including the final exam. If you choose not to complete an assessment item or do not sit the final exam
then you will not be granted an AA or an AE grade.
Key Subjects
Passing a key subject is one of the indicators of satisfactory academic progress through your course.
You must pass the key subjects in your course at no more than two attempts. The first time you fail a
key subject you will be 'at risk' of exclusion; if you fail a second time you will be excluded from the
course.
The (https:
policy.csu.edu.au/view.cu
ent.php?id=00250) sets out theAcademic Progress Policy
equirements and procedures for satisfactory academic progress, for the exclusion of students who fail
to progress satisfactorily and for the termination of enrolment for students who fail to complete in the
maximum allowed time.
Assumed knowledge
Academic integrity means acting with honesty, fairness and responsibility, and involves observing and
maintaining ethical standards in all aspects of academic work. This subject assumes that you
understand what constitutes plagiarism, cheating and collusion. If you are a new student we expect you
to complete the modules called Academic Integrity at CSU
(https:
interact2.csu.edu.au/webapps
lackboard/execute/courseMain?course_id=_16412_1&task=true&src=).
Prescribed Text
Hu
ard, G., Garnett, A., Lewis, P. and O’Brien, T. (2015) , PearsonEssentials of Economics
Australia: Frenchs Forest; and the associated MyEconLab to accompany the text.
The textbooks required for each of your enrolled subjects can also be found via the Student Portal
(http:
student.csu.edu.au/study/study-essentials/textbooks) page.Textbooks
Subject and Assessment Schedule
Schedule
ECO501 ECONOMICS FOR BUSINESS
Week Date Topic Text reading Assessment
1 26 Feb 1. Models and market Chapters 1 & 2
2 5 March 2. Demand and supply Chapters 3 & 4
3 12 March 3. Efficiency Chapter 5 Assignment 1: Due 12March
4 19 March 4. Analysis of the firm (I) Chapters 6 & 7
5 26 March 5. Analysis of the firm (II) Chapters 8 & 9
6 2 April 6. Factors of production Chapter 10
7 9 April Mid-session
eak
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ent.php?id=00250
https:
interact2.csu.edu.au/webapps
lackboard/execute/courseMain?course_id=_16412_1&task=true&src=
http:
student.csu.edu.au/study/study-essentials/textbooks
Charles Sturt University Subject Outline
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8 16 April Mid-session
eak
9 23 April 7. Government intervention Chapter 11 Assignment 2: Due 23 April
10 30 April 8. Key macroeconomic variables Chapters 12 &13
11 7 May 9. Aggregate demand and supply Chapter 14
12 14 May 10. Money Chapter 15 Assignment 3: Due 14 May
13 21May 11.Monetary and fiscal policy Chapters 16 &17
14 28 May 12. The open economy Chapters 18 &19
15 4 June Exam Week 1
16 11 June Exam Week 2
Please see below Additional/Replacement Class Requirements for this session: Classes running on the
following Public Holidays should have a replacement class:
- Friday 30th March 2018 (Good Friday)
- Monday 02nd April 2018 (Easter Monday)
- Wednesday 25th April 2018 (ANZAC Day)
Subject Content
The subject content as defined by topics is described in the study schedule.
Subject Delivery
Class/tutorial times and location
If you are enrolled in an internal offering of this subject, your class times can be found at Timetable @
(http:
timetable.csu.edu.au). If you are enrolled in the online offering of the subject, thisCSU
timetable will not apply. Find out how to use Timetable @ CSU via the Student Portal Class
(http:
student.csu.edu.au/study/study-essentials/timetable) page.Timetable
Learning, teaching and support strategies
In this subject we will meet for a 3 hour session where we will discuss that week?s topic. Before you
come to class you need to have looked at the online activities in the Interact site. All of your subject
materials are available on the Interact2 site under the Topics link in the left hand side menu. I suggest
that for each topic you read the learning outcomes carefully, read the commentary, have a quick skim
of the text and readings and then listen to the short audio lectures and watch the relevant videos. Once
you have got a feel for what the topic is about try and make a good set of notes under each of the topic
learning outcomes. You can do this consulting the text and readings again in a more considered way.
To help you engage with the subject it is also helpful to have a small task to complete early in the
session to provide a focus in the subject from the first day. So please note that your first subject
assessment Assessment 1 is scheduled early in the session. This
ief assessment covers item the
material from the first few weeks of the course. If you don't attempt the assessment, or receive a poo
mark, I may email you to have a chat about study and if there are any issues that I can help with.
I suggest you read the learning outcomes in the subject overview in this subject outline guide. Then
look at the assessment items and read the marking criteria for each. Check the subject schedule to plan
the session, noting the important dates and the text book readings required each week. Have a skim of
the text book chapters and then become familiar with the online topic materials and view the general
overview videos in each topic. As you progress in the subject continue to use the topic and resource
materials and create a good set of your own summary notes. Remember to check announcements and
stay in touch.
Engage with and enjoy your subject!
http:
timetable.csu.edu.au
http:
timetable.csu.edu.au
http:
student.csu.edu.au/study/study-essentials/timetable
http:
student.csu.edu.au/study/study-essentials/timetable
Charles Sturt University Subject Outline
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Academic learning support
Information on effective time management is available on the CSU Learning Support website via the
following link: http:
student.csu.edu.au
Visit the learning support website for advice about assignment preparation, academic reading and
note-taking, referencing, and preparing for exams at: http:
student.csu.edu.au/study
The Study Centres also offers a range of workshops specifically targeting your needs as an
international student. These workshops run multiple times per week and build into the comprehensive
Academic Skills Development Program that you should participate in. Additionally, a number of
student volunteers are available to assist you in a program known as Discipline Support Sessions.
Please see the timetables for these programs on the noticeboards on campus and also via the iLearn
Interact2 Organisation site.
You may also contact:
Angela Maag
Study Support Manage
Phone: XXXXXXXXXX
E-mail: XXXXXXXXXX
Dr Susan Lee
Study Support Coordinato
Phone: XXXXXXXXXX
E-mail: XXXXXXXXXX
Elaine Rodrigues
Study Support Coordinator (Intervention)
Phone: XXXXXXXXXX
E-mail: XXXXXXXXXX
For appointments, please see Reception.
Queries regarding the content of this subject should be directed to your Subject Lecturer.
Li
ary services
CSU Study Centre Li
ary Collection
The CSU Study Centre Li
ary Catalogue is online at:
http:
primo.unilinc.edu.au/primo_li
ary/libwe
action/search.do?vid=SGA
You can search for books in the local Sydney li
ary collection. You are able to Sign In to the CSU
Study Centre li
ary catalogue online to place requests for books that are on loan to other students,
check their li
ary record, and renew loans prior to the due date. This li
ary service is available online
24/7.
When books with outstanding requests are returned to the CSU Study Centre Li
ary, an email will be
automatically sent to the next student who is waiting for that book.
CSU Li
ary