ECON 3529 - Rethinking Capitalism III
North Terrace Campus - Semester 2 - 2023
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General Course Information
Course Details
Course Code ECON 3529 Course Rethinking Capitalism III Coordinating Unit Economics Term Semester 2 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Assumed Knowledge ECON 1012 Course Staff
Course Coordinator: Kostas Mavromaras
Office hours: Wednesday 10-12 (or by arrangement with the Lecturer)
Office location: Nexus 10, Level 4, Room 4.46.Course Timetable
The full timetable of all activities for this course can be accessed from .
Each student is expected to attend two one hour lectures each week, and a one hour tutorial. A full timetable of the lectures and tutorials can be found on the Course Planner at: http://access.adelaide.edu.au/courses/search.asp
The lectures will be used to explain relevant concepts, theories, models and policies, whilst the tutorial time will be used to apply the acquired knowledge to active discussions. The tutorial contents will typically include a mix of real world and theoretical, quantitative and analytical, topic explorations which will be posted on MyUni prior to the tutorials.
Students are expected to study the course materials carefully and to fully engage in class discussions. All work discussed in both the lectures and the tutorials and any submitted material can form the basis for the final examination. -
Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
1. Identify and explain a range of contemporary economic issues which are currently subject to debate and controversy.
2. Identify, explain and apply contributions from a variety of prominent economists and various schools of thought to modern controversies relating to economic policy
3. Construct effective pieces of written work of a professional standard, to communicate the results of economic analysis to non-economists.
4. Present economic analysis to a diverse group of students and members of staff, making appropriate use of the available technology for the purpose.
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) Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
1,2 Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
2 Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
3,4 Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
1,2,3,4 Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
3 Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
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Learning Resources
Required Resources
There will be no designated main text book for this course. Reading and related resources will be provided throughout the course's duration in MyUni.
Recommended Resources
Further resources will be recommended during the course on MyUni.Online Learning
All of the material related to the course, including the full details of each assessment task, will be available on MyUni.
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Learning & Teaching Activities
Learning & Teaching Modes
Lectures and related reading mayterial should reinforce each other. You are strongly advised to keep up with the recommended reading. Ideally, you should be covering the recommended reading for each week prior to the lecture. You will find that the course will be far easier to follow if you do this on a regular basis.
Tutorials are intended to reinforce the lectures, and will require active participation from all students. Active tutorial participation will form part of the tutorial contribution assessment.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
Lecture attendance: 2 Hours per week.
Tutorial participation: 1 Hour per week.
Home study expectation: 10 Hours per week.Learning Activities Summary
The schedule will include topics of current importance for understanding how the present economic thinking may be "re-thought" taking into account the current state of economic thinking combined with the current state of some of the policy problems where solutions may be debated between economists and beyond. The course is planned to allow for the students to have a voice about (some of) the topics choice, as the course develops over the semester.
Possible examples may include:
How do we understand climate change and how it influences differently developed and less developed countries. What has economics to say about the use (or abuse) of natural resources? How is the burden distributed nationally and internationally?
In many countries we can see an intense ageing of the population taking place. By the middle of the 21st Century such countries will be needing a large proportion of their GDP to be dedicated to Social and Aged Care. How will this be provided and how will it be funded?
Technology is taking over many job activities. Will the traditional distinctions such as between "employees" and "employers" or between "producers" and "consumers" continue to be useful for understanding how we allocate scarce resources? Is the idea that we all have a "right" to work an idea that will survive the explosion of technology?
Is the concept of education as an individual investment activity going to survive the changing production proceses? Who should be paying for training and education?
What is the role of public policy in regulating market 最新糖心Vlog? Is it the obligation of the state to control large national and multinational monopolies or oligopolies?
What is the purpose of housing policy? Is there an optimal level of home ownership? Should the rental market be regulated?
Why would we need a minimum wage? What would be its consequences? Should we go further and think about a basic/living wage as an entitlement?
Can we expect globalisation to persist in the future? If it does, in what form will this happen and who will benefit from it? What will be the role of debt in this context?
Some of these examples may not be followed up and other examples may be included as they may be raised during the progression of the course.
An essential commonality between these questions questions is that they all question (in one way or other) the capacity of a model based on a well-functining market motivated by utility maximising individuals and profit maximising firms to deliver socially desirable economic and social outcomes, without state intervention. The course will take the student through exploring many questions and hopefully finding some answers, basaed more on evidence and common sense and less on opinion and dogma. The understanding that neither a "fully competitive market" nor a "fully planned economy" are very likely to offer any definitive, feasible and practical solutions will underpin the thinking of this course.Specific Course Requirements
The minimum grade to pass this subject is a mark of 50% overall. There are no separate requirements for individual assessments. -
Assessment
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 Task Type Due Length Weighting Learning Outcome Tutorial participation Collaborative; Formative Weekly, ongoing N/A 10% 1,2,4 Online quizzes Individual; Formative Weeks 4, 8 and 11 N/A 30% 2 Final Exam Individual; Summative Exam period 3 hours 60% 1,2,3 Total 100% Assessment Related Requirements
The minimum grade to pass this subject is a mark of 50% overall. There are no separate requirements for individual assessments.Assessment Detail
1) Three online quizzes – (Due: Weeks 4, 8 and 11 and announced one week in advance). 30% Weight (10% each).
These are designed to assess the extent to which students have assimilated the materials covered during the previous four weeks, and to help students to prepare for the final examination.
2) Tutorial Participation. 10% Weight.
Students will be expected to participate actively in tutorials at all times. Assessment of Tutorial active participation will be explained to students at the beginning of the course.
3) Final Examination – 3 hours, Closed Book. 60% Weight.
The exam will comprise a mix of short answer questions and longer written questions.
Date: For details on examination location and date/time, please refer to the examination timetable, which will be published later in the Semester.Submission
1. Online quizzes are to be conducted and submitted via MyUni. Failure to submit an assessment on time will lead to a zero mark.
2. Extensions and alternative assessment conditions will only be considered if they follow the relevant 最新糖心Vlog regulations. It is the student's responsibility to contact their lecturer about such exceptional circumstances as early as is practically possible.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 .
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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.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
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- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
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- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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