ECON 7200 - Economic Principles (M)

North Terrace Campus - Semester 1 - 2021

This is an introductory course in economics, which introduces students to the principles, concepts, data and analytical frameworks that economists use to understand the world around us. Students develop an understanding of how the economy works and how individuals, firms and governments make decisions and interact with one another in markets and other environments. The course also focuses on the ability of students to communicate about real-world issues and public policy debates through the lens of economics.

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Course Details

Course Code	ECON 7200
Course	Economic Principles (M)
Coordinating Unit	Economics
Term	Semester 1
Level	Postgraduate Coursework
Location/s	North Terrace Campus
Units	3
Contact	Up to 3 hours per week, more if offered intensively
Available for Study Abroad and Exchange	Y
Incompatible	Introductory Macroeconomics and Microeconomics
Restrictions	Not available to PGCW Economics Programs
Assessment	Typically assignments, case study analyses, group or individual projects, exam

Course Staff

Course Coordinator: Dr Florian Ploeckl

MELBOURNE CAMPUS TRIMESTER 2:

Dr. Jacob Wong
Email: jacob.wong@adelaide.edu.au

MELBOURNE CAMPUS TRIMESTER 3:
Dr. Raul Barreto
Email: raul.barreto@adelaide.edu.au

Course Timetable

The full timetable of all activities for this course can be accessed from .

Course Learning Outcomes

On successful completion of this course, students will be able to:

Demonstrate a solid understanding of the core concepts and tools of economics.
Relate basic economic theory and principles to current economic issues and evaluate related public economic policies.
Apply economic principles and reasoning to solving business problems.
Interpret charts, graphs, and tables and use the information to make informed judgments.
Communicate their knowledge and understanding of economic issues using written, verbal and visual expression.
Critically reflect on the broader social consequences of economic decision making.

最新糖心Vlog Graduate Attribute	Course Learning Outcome(s)
Deep discipline knowledge informed and infused by cutting edge research, scaffolded throughout their program of studies acquired from personal interaction with research active educators, from year 1 accredited or validated against national or international standards (for relevant programs)	1,2,3
Critical thinking and problem solving steeped in research methods and rigor based on empirical evidence and the scientific approach to knowledge development demonstrated through appropriate and relevant assessment	2,3,4
Teamwork and communication skills developed from, with, and via the SGDE honed through assessment and practice throughout the program of studies encouraged and valued in all aspects of learning	5
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	5
Intercultural and ethical competency adept at operating in other cultures comfortable with different nationalities and social contexts able to determine and contribute to desirable social outcomes demonstrated by study abroad or with an understanding of indigenous knowledges	2,3,6
Self-awareness and emotional intelligence a capacity for self-reflection and a willingness to engage in self-appraisal open to objective and constructive feedback from supervisors and peers able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate	2,3

Learning & Teaching Modes

Course content will be delivered through prerecorded videos and other materials available online. Students are expected to have studied all materials as directed prior to attending weekly tutorial classes.
Weekly tutorial classes will include set exercises, group discussions, and other interactive content. Students are expected to attend all tutorial sessions and actively participate.
Tutorial classes are face-to-face classes on campus for local students, with an online-only tutorial available only for offshore/interstate students that require this option.

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

The 最新糖心Vlog expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This translates to 12 hours per week for a semester course.

Learning Activities Summary

Teaching & Learning Activities	Related Learning Outcomes
Lectures	1,2,3,4,6
Tutorials	1,2,3,4,5,6

Note: This schedule is subject to change.

Week	Topic	Textbook Reading
1	Introduction / Choices and Trade-offs	Chapters 1 & 2
2	Demand and Supply	Chapter 3
3	Elasticity / Economic Efficiency	Chapters 4 & 5
4	Government Intervention in the Market	Chapters 5 & 11
5	Firms, Production and Costs	Chapter 6
6	Perfect Competition and Monopoly	Chapters 7 & 8
7	Monopolistic Competition and Oligopoly	Chapter 9
8	GDP, Unemployment and Inflation	Chapters 13 & 14
9	Aggregate Demand and Aggregate Supply	Chapter 15
10	Money and Monetary Policy	Chapters 16 & 17
11	Fiscal Policy	Chapter 18
12	The Exchange Rate and International Trade	Chapters 19 & 20

The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

Assessment Task	Due Date / Week	Weighting	Length	Learning Outcomes
Assignments	Week 5 /8	30%	1-2 Pages	1,2,3,4,5,6
Weekly Online Quizzes	Weekly	10%	5-10 Questions	1,2,3,4,5,6
Final Exam	Exam Period	50%	3 hours	1,2,3,4,5,6
Active Participation	Weekly	10%		1,2,3,4,5,6
Total		100%

Assessment Detail

Assignments 30%
There will be two assignments during the course, including one set and returned before the midpoint of the course. Assignments may contain a variety of formats including written responses and other activities. Details regarding the content, format, requirements and due dates for each assignment will be provided onMyUni, please refer there for further details.

Weekly Online Quizzes 10%
Multiple choice quizzes will be conducted online each week. See MyUni for further information regarding format,content, requirements and deadlines.

Final exam 50%
This exam may assess all topics covered in the course and may use a variety of formats, including multiple choice questions, calculation exercises, and discussion questions . Details regarding the precise structure will be posted on MyUni.

Active Participation 10%
Students will be graded based on their participation in weekly tutorial sessions and/or assigned discussions. Details regarding the requirements and grading will be available on MyUni.

Submission

Refer to MyUni for detailed instructions regarding submission.

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

M10 (Coursework Mark Scheme)
Grade	Mark	Description
FNS		Fail No Submission
F	1-49	Fail
P	50-64	Pass
C	65-74	Credit
D	75-84	Distinction
HD	85-100	High Distinction
CN		Continuing
NFE		No Formal Examination
RP		Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through .

Additional Assessment

If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result.

Student Feedback

The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
Student Support
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
Fraud Awareness

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.

The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator

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