ECON 7200 - Economic Principles (M)

North Terrace Campus - Trimester 3 - 2019

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	Trimester 3
Level	Postgraduate Coursework
Location/s	North Terrace Campus
Units	3
Contact	Up to 3 hours per week. Intensive in Summer Semester and one or two Trimesters.
Available for Study Abroad and Exchange	Y
Incompatible	Introductory Macroeconomics and Microeconomics. Not available to PGCW Economics programs.
Assessment	Typically assignments, case study analyses, group or individual projects, exam

Course Staff

Course Coordinator: Dr Mark Dodd

Semester 1, Summer, Trimester 1, Trimester 2 & Trimester 3
Dr Mark Dodd
mark.dodd@adelaide.edu.au

Semester 2
Dr Yaping Shan
yaping.shan@adelaide.edu.au听
Dr Florian Ploeckl
florian.ploeckl@adelaide.edu.au听

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 Attributes

This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

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 Resources

Required Resources

The textbook for this course is 'Economy, Society, and Public Policy' which is an online open-access (free) text. Projects will also be set from the companion text 'Doing Economics', both of which are available at core-econ (.

For convenience, direct links have been provided below.
Economy, Society, and Public Policy:
Doing Economics:

Online Learning

This course makes use of MyUni for the posting of course materials, assessment tasks, and important announcements. It is expected that all students will regularly check the MyUni course website, and regularly check their university email accounts.

Learning & Teaching Modes

Classes for this trimester are scheduled once every two weeks. Each week we will go through two topics. One topic in the first 3-hour session before lunch, and a second topic in the 3-hour session after lunch.

Each timetabled class session will be divided into a number of different activities. The general structure (subject to change as necessary) will be as follows. A 'lecture' will be given on this topic. This lecture component will be followed by a tutorial style component, where we will go through some exercises together as a class.

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 to devote a total of 48 hours per week to their studies. This translates to 12 hours per week for a 12-week course. As we only have classes every second week, how this works out for you may depend on how much you smooth out the preparation and assessment tasks throughoout your weeks. If you only work on this course in the weeks with classes, it would work out to be 24 hours for each of those 6 weeks, but you are likely better off spending about 12 hours per week in all weeks including those without classes.

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.

Class	Topic	ESPP Text Reading
1	Capitalism: affluence, inequality, and the environment	Chapter 1
	Social interactions and economic outcomes	Chapter 2
2	Public policy for fairness and efficiency	Chapter 3
	Work, wellbeing, and scarcity	Chapter 4
3	Institutions, power, and inequality	Chapter 5
	The firm: Employees, managers, and owners	Chapter 6
4	Firms and markets for goods and services	Chapter 7
	The labour market: Wages, profits, and unemployment	Chapter 8
5	The credit market: Borrowers, lenders, and the rate of interest	Chapter 9
	Banks, money, housing, and financial assets	Chapter 10
6	Market failures and government policy	Chapter 11
	Governments and markets in a democratic society	Chapter 12

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 (word limit)	Learning Outcomes
Assignments	Bi-Weekly	30%	Various	1,2,3,4,5,6
Participation	Bi-Weekly	10%	N/A	1,2,3,4,5,6
Final Exam	Exam Period	60%	3 hours	1,2,3,4,5,6
Total		100%

Assessment Detail

Assignments 30%
Assignments will be due regularly following each week of classes, and 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 on MyUni, please refer there for further details.

Participation 10%
Students will receive a grade based on their participation in the class sessions. Further details will be provided on MyUni.

Final exam 60%
The final exam will be a 3-hour exam, plus 10 minutes reading time. This exam may assess all topics covered in the course. Details regarding the structure will be posted on MyUni. Please note that this is a closed book exam. Dictionaries of any type will not be allowed in the exam. Calculators will be allowed in the exam, but calculators that can store text, are programmable, or have wireless functions will not be permitted. This means graphics calculators are not permitted, and some particular scientific calculators may not be permitted.

Submission

Refer to MyUni for further 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 .

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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