Queensland University of Technology
Area of Study
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewSynopsis:This unit introduces students to the key economic concepts and their practical applications. It comprises twelve topics each focusing on a current economic issue. Microeconomic topics include demand and supply, elasticity, production and cost theory and market structure. Macroeconomic topics include measuring GDP, inflation and unemployment, money and banking, and fiscal and monetary policy.Learning OutcomesUpon completion of this unit, you should be able to:
ContentIn this unit you will cover key elements of both micro and macro economic theory. In microeconomics, the unit will focus on understanding how competitive markets allocate resources through the interaction of demand and supply, what happens when markets fail and why and how governments intervene in markets (for better and worse). In macro economics the unit will examine key macro economic variables (economic growth, inflation, unemployment and international trade) and the role of macroeconomic policy tools (fiscal and monetary policy) in the management of a stable economy and future economic prosperity of the nation. Throughout the unit, students broader economic understanding of Australian and global economic issues will be developed through the use of contemporary real world examples and issues.Approaches to Teaching and LearningThis unit utilises a blended learning approach with a mix of face-to-face and online learning activities. There will be a weekly lecture and tutorial, with opportunities to access these learning activities face to face and online. Examples of additional, online learning opportunities include: MyEconLab, a dedicated learning platform which provides structured and self-directed learning, the BSB113 connected short video series that bridges the gap between the weekly lecture and tutorial and social media support via a dedicated moderated FaceBook page.AssessmentAssessment name: Online QuizDescription: The online quizzes will be weekly and relate to the material delivered in the respective lectures weeks 1-6 (and further developed in tutorials weeks 2-7). The online quiz is designed to provide students with an immediate opportunity to apply their understanding of the concepts. This assessment is based on developing progressive learning and is therefore both formative and summative.Length/Duration: Weekly online quiz/approx 30 minutes per week.Formative or Summative: Formative and SummativeRelates to objectives: 1, 2Weight: 20Internal or external: InternalGroup or individual: IndividualDue date: Weeks 3-8Assessment name: EssayDescription: A critical analysis of contemporary economics issues informed by economic theory and appropriate supporting evidence.Length/Duration: 1,250 wordsFormative or Summative: Formative and SummativeRelates to objectives: 1, 2, 3, 4Weight: 30Internal or external: InternalGroup or individual: IndividualDue date: Week 10Assessment name: End of Semester ExaminationDescription: The examination will be closed book. It will consist of both theoretical and applied economic questions, and will examine work covered in lectures weeks 8-12, tutorials weeks 9-13 inclusive.Length/Duration: 2 hours (no perusal)Formative or Summative: SummativeRelates to objectives: 1, 2, 3Weight: 50Internal or external: InternalGroup or individual: IndividualDue date: Central Exam Period
- Explain the aims and purpose of economics including key concepts, terminologies and tools of economic analysis;
- Interpret, present and apply economic data correctly and effectively to support analysis of contemporary economic issues;
- Accurately describe and effectively use economics theories and thinking to explain and analyse economic issues and policies that affect Australia and the global economy;
- Use professional written communication and information literacy skills, including the effective use of scholarly resources, to present and support economic thinking.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.