KING’S OWN INSTITUTE*
Success in Higher Education
BUS700 ECONOMICS T219
All information contained within this Subject Outline applies to all students enrolled in the trimester as indicated.
1. General Information
1.1 Administrative Details
Associated HE Award(s) Duration Level Subject Coordinator
Grad. Certificate in Business
Graduate Diploma of Business
Master of Accounting (elective)
Master of Professional Accounting
1 trimester Postgraduate Dr Yeon Kim
XXXXXXXXXX
P: XXXXXXXXXXExt.172)
L: Level 1, 545 Kent St.
Consultation: via Moodle or by
appointment
1.2 Core / Elective
This is a core subject for the above courses.
1.3 Subject Weighting
Indicated below is the weighting of this subject and the total course points.
Subject Credit Points Total Course Credit Points
XXXXXXXXXX4 GCBus 16; GDBus 32; XXXXXXXXXXMAcc 64; MPA 64
1.4 Student Workload
Indicated below is the expected student workload per week for this subject
No. Timetabled Hours/Week* No. Personal Study
Hours/Week**
Total Workload hours/week***
4 hours/week
(2 hour Lecture + 2 hour Tutorial)
6 hours/week 10 hours/week
* Total time spent per week at lectures and tutorials
** Total time students are expected to spend per week in studying, completing assignments, etc.
*** Combination of timetable hours and personal study.
1.5 Mode of Delivery On-campus
1.6 Pre-requisites Nil
1.7 General Study and Resource Requirements
o Students are expected to attend classes with the required textbook and to read specific chapters prior
to the tutorials. Students should read this material before coming to class to improve their ability to
participate in the weekly activities.
o Students will require access to the internet and their KOI email and should have basic skills in word
processing software such as MS Word, spreadsheet software such as MS Excel and visual
presentation software such as MS PowerPoint.
o Computers and WIFI facilities are extensively available for student use throughout KOI. Students are
encouraged to make use of the campus Li
ary for reference materials.
Resource requirements specific to this subject: There are no specific resources for this subject.
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mailto: XXXXXXXXXX
BUS700
2. Academic Details
2.1 Overview of the Subject
The subject is a
oad-based treatment of contemporary economics and its business applications. It covers
microeconomics (dealing with the behaviour consumers, resource-owners and businesses, the choices
and decisions they make and the effects of these decisions on others and on the economy as a whole) and
macroeconomics (including issues such as unemployment, inflation, GDP, taxes and government
economic policies)
2.2 Graduate Attributes for Postgraduate Courses
Graduates of Postgraduate courses from King’s Own Institute will gain the graduate attributes expected
from successful completion of a Master’s degree under the Australian Qualifications Framework (2nd
edition, January XXXXXXXXXXGraduates at this level will be able to apply an advanced body of knowledge in a
ange of contexts for professional practice or scholarship and as a pathway for further learning.
King’s Own Institute’s key generic graduate attributes for a master’s level degree are summarised below:
Across the course, these skills are developed progressively at three levels:
o Level 1 Foundation – Students learn the skills, theories and techniques of the subject and apply them
in stand-alone contexts.
o Level 2 Intermediate – Students further develop skills, theories and techniques of the subject and
apply them in more complex contexts, beginning to integrate the application with other subjects.
o Level 3 Advanced – Students have a demonstrated ability to plan, research and apply the skills,
theories and techniques of the subject in complex situations, integrating the subject content with a
ange of other subject disciplines within the context of the course
KOI Master’s Degree
Graduate Attributes
Detailed Description
Knowledge Cu
ent, comprehensive and coherent knowledge, including recent developments and applied research methods
Critical Thinking
Critical thinking skills to identify and analyse cu
ent theories
and developments and emerging trends in professional
practice
Communication
Communication and technical skills to analyse and theorise,
contribute to professional practice or scholarship and present
ideas to a variety of audiences.
Research and Information
Literacy
Cognitive and technical skills to access and evaluate
information resources, justify research approaches and
interpret theoretical propositions
Creative Problem Solving
Skills
Cognitive, technical and creative skills to investigate, analyse
and synthesise complex information, concepts and theories,
solve complex problems and apply established theories to
situations faced in professional practice.
Ethical and Cultural
Sensitivity
Appreciation and accountability for ethical principles, cultural
sensitivity and social responsibility, both personally and
professionally
Leadership and Strategy
Initiative, leadership skills and ability to work professionally
and collaboratively to achieve team objectives across a range
of team roles.
Expertise in strategic thinking, developing and implementing
usiness plans and decision making under uncertainty
Professional Skills
High level personal autonomy, judgement decision-making
and accountability required to begin professional practice.
BUS700 ECONOMICS T219 18/06/2019 16:42 PAGE 2 OF 16
*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: XXXXXXXXXXCRICOS 03171A
Approved by KOI Academic Board for T2 2019
BUS700
2.3 Subject Learning Outcomes
Listed below, are key knowledge and skills students are expected to attain by successfully completing this
subject:
Subject Learning Outcomes Contribution to Course Graduate Attributes
a) Explain and apply microeconomic concepts to consumer
ehaviors and business management decision making and
problem solving
) Critically compare and contrast the characteristics of different
market structures, and evaluate their impact on business and
competition.
c) Explain macroeconomic concepts and demonstrate their
application to the study of GDP and economic growth,
inflation and unemployment, aggregate demand and supply,
monetary and fiscal policies, and financial systems
d) Develop coherent arguments when recommending solutions
and critically evaluate theories in economics.
2.4 Subject Content and Structure
Below are details of the subject content and how it is structured, including specific topics covered in
lectures and tutorials. Reading refers to the text unless otherwise indicated.
Weekly Planner:
Week
(beginning)
Topic Covered in Each Week’s
Lecture
Reading(s) Expected work as
listed in Moodle
1
08 Jul Demand and Supply Chs. 1, 3 Tutorial activities
2
15 Jul
Elasticity,
Efficiency and Government Policy Chs. 4, 5 Tutorial activities
3
22 Jul
Producer Behavior,
Perfect Competition Chs. 6, 7 Tutorial activities
4
29 Jul
Monopoly, and
Monopolistic Competition
Ch. 8,
Ch.9 pp XXXXXXXXXXTutorial activities
5
05 Aug Oligopoly and Game theory Ch. 9 pp XXXXXXXXXXTutorial activities
6
12 Aug Mid trimester test
Research Assignment
Guideline & Discussion
Mid trimester exams
18 Aug 2019
–
25 Aug 2019
Mid trimester
eak
7
26 Aug GDP and Economic growth Ch. 13 Tutorial activities
8
02 Sep
Business cycle, Unemployment and
Inflation
Ch. 14,
Ch. 15 pp XXXXXXXXXXTutorial activities
9
09 Sep Aggregate Demand and Supply Ch. 15
Tutorial activities
Defe
ed mid trimester
exams - see Section 2.6
elow for more information
BUS700 ECONOMICS T219 18/06/2019 16:42 PAGE 3 OF 16
*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: XXXXXXXXXXCRICOS 03171A
Approved by KOI Academic Board for T2 2019
BUS700
10
16 Sep Fiscal Policy Ch. 18
Tutorial activities
Research report due
11
23 Sep Monetary Policy Ch. 17 Tutorial activities
12
30 Sep Macroeconomics in an open economy Ch. 20 Tutorial activities
13
06 Oct Study review week
14
14 Oct Final Exam Week
Please see Exam Timetable for exam date, time
and location
15
20 Oct
Student Vacation begins
Enrolments for T319 open
16
28 Oct
Results Released 29 Oct 2019
Certification of Grades 01 Nov 2019
T319 begins 04 Nov 2019
1
04 Nov
Week 1 of classes for T319
Friday 01 Nov 2019 – Review of Grade Day for T219 – see Sections 2.6 and 3.6 below for
more information.
2.5 Public Holiday Amendments
Please note: KOI is closed on all scheduled NSW Public Holidays.
T219 has one (1) public holiday (Labour Day) that occurs during this trimester. Classes scheduled for this
public holiday (Calendar Class Dates) will be rescheduled as per the table below.
This applies to ALL subjects taught in T219.
Please see the table below and adjust your class timing as required. Please make sure you have
a
angements in place to attend the rescheduled classes if applicable to your T219 enrolment.
Classes will be conducted at the same time and in the same location as your normally scheduled class
except these classes will be held on the date shown below.
Calendar Class Date Rescheduled Class Date
Monday 07 October 2019 (Week 13) Study
Review Week
Not required
2.6 Review of Grade, Defe
ed Exams & Supplementary Exams/Assessments
Review of Grade:
There may be instances when you believe that your final grade in a subject does not accurately reflect your
performance against the subject criteria. Section 8 of the Assessment and Assessment Appeals Policy
(www.koi.edu.au) describes the grounds on which you may apply for a Review of Grade.
If this happens and you are unable to resolve it with