Course Coordinator:Robert Alexander (ralexand@usc.edu.au) School:School of Business and Creative Industries
UniSC Sunshine Coast |
Blended learning | Most of your course is on campus but you may be able to do some components of this course online. |
Online |
Online | You can do this course without coming onto campus. |
Please go to usc.edu.au for up to date information on the
teaching sessions and campuses where this course is usually offered.
This course addresses important questions about how economics can help inform rational decision making, such as: What is the role of trust in strategic interaction between individuals or firms? How can a firm adapt its behaviour in the face of competition? This course builds a systematic way of thinking about questions like these, grounded in microeconomic theory as it relates to the strategic nature of decision making, in order to give you the confidence to increase your understanding and develop the skills to continue learning.
Activity | Hours | Beginning Week | Frequency |
Blended learning | |||
Learning materials – Interactive online learning activities. | 1hr | Week 1 | 12 times |
Tutorial/Workshop 1 – Scheduled face to face workshops. | 2hrs | Week 1 | 10 times |
Online | |||
Learning materials – Interactive online learning activities. | 1hr | Week 1 | 12 times |
Tutorial/Workshop 1 – Scheduled online workshops (Recorded). | 2hrs | Week 1 | 10 times |
Microeconomic basics: supply and demand, consumer and producer surplus, elasticity, market failure
Consumer choice: indifference curves and the budget constraint
Producer choice: production functions, cost curves, isocosts and isoquants
Market forms: perfect competition, monopolistic competition, oligpoly and monopoly
Game theory: social dilemmas, static and dynamic games, evolutionary game theory
Rationality and collective choice
200 Level (Developing)
12 units
Course Learning Outcomes On successful completion of this course, you should be able to... | Graduate Qualities Mapping Completing these tasks successfully will contribute to you becoming... | Professional Standard Mapping * Competencies from multiple Professional Bodies (see below) * | |
1 | Understand and use standard supply and demand analysis to analyse market outcomes under various market forms. | Creative and critical thinker |
PC1.1, PC3, PC6.2 |
2 | Analyse problems facing both individuals and firms in managing strategic interactions. | Creative and critical thinker |
PC1.1, PC3.1, PC6.2, 16.3.1 |
3 | Explain the role of strategic thinking in oligopolistic markets and be able to use the basic tools of game theory. | Creative and critical thinker |
PC1.1, PC3, PC6 |
CODE | COMPETENCY |
Association to Advance Collegiate Schools of Business | |
PC1.1 | Written Communication |
PC3 | Creative and Critical Thinking |
PC3.1 | Problem Solving |
PC6 | Career-ready |
PC6.2 | Discipline Knowledge |
Education for Sustainable Development Goals | |
16.3.1 | The learner is able to critically assess issues of peace, justice, inclusion and strong institutions in their region, nationally and globally. |
Refer to the UniSC Glossary of terms for definitions of “pre-requisites, co-requisites and anti-requisites”.
BUS102
Not applicable
Not applicable
Not applicable
Standard Grading (GRD)
High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL). |
From week 1, formative feedback will be provided in the form of answer guides to the tutorial exercises.
Delivery mode | Task No. | Assessment Product | Individual or Group | Weighting % | What is the duration / length? | When should I submit? | Where should I submit it? |
All | 1 | Report | Individual | 25% | 750 words |
Week 5 | Online Submission |
All | 2 | Written Piece | Individual | 35% | 1000 words |
Week 11 | Online Assignment Submission with plagiarism check |
All | 3 | Report | Individual | 40% | 1500 words |
Exam Period | Online Assignment Submission with plagiarism check |
All - Assessment Task 1:Application of market analysis | |
Goal: | To analyse a microeconomic policy issue, applying knowledge of basic microeconomic theory. |
Product: | Report |
Format: | Individual assessment to be undertaken independently Further details are provided in the assessment area in Canvas |
Criteria: |
|
All - Assessment Task 2:Problem set | |
Goal: | To apply knowledge of economic theory and concepts to economic problems demonstrating ability to structure sound economic reasoning and explain it coherently |
Product: | Written Piece |
Format: | Individual assessment to be undertaken independently Further details are provided in the assessment area in Canvas |
Criteria: |
|
All - Assessment Task 3:Analysis of strategic behaviour | |
Goal: | To analyse a range of economic problems, both theoretical and applied, applying appropriate economic models and reasoning |
Product: | Report |
Format: | Individual assessment to be undertaken independently. May cover all parts of the course, but relies heavily on later material. Further details are provided in the assessment area in Canvas. |
Criteria: |
|
A 12-unit course will have total of 150 learning hours which will include directed study hours (including online if required), self-directed learning and completion of assessable tasks. Student workload is calculated at 12.5 learning hours per one unit.
Please note: Course information, including specific information of recommended readings, learning activities, resources, weekly readings, etc. are available on the course Canvas site– Please log in as soon as possible.
Not applicable
Academic integrity is the ethical standard of university participation. It ensures that students graduate as a result of proving they are competent in their discipline. This is integral in maintaining the value of academic qualifications. Each industry has expectations and standards of the skills and knowledge within that discipline and these are reflected in assessment.
Academic integrity means that you do not engage in any activity that is considered to be academic fraud; including plagiarism, collusion or outsourcing any part of any assessment item to any other person. You are expected to be honest and ethical by completing all work yourself and indicating in your work which ideas and information were developed by you and which were taken from others. You cannot provide your assessment work to others. You are also expected to provide evidence of wide and critical reading, usually by using appropriate academic references.
In order to minimise incidents of academic fraud, this course may require that some of its assessment tasks, when submitted to Canvas, are electronically checked through Turnitin. This software allows for text comparisons to be made between your submitted assessment item and all other work to which Turnitin has access.
Eligibility for Supplementary Assessment Your eligibility for supplementary assessment in a course is dependent of the following conditions applying: The final mark is in the percentage range 47% to 49.4% The course is graded using the Standard Grading scale You have not failed an assessment task in the course due to academic misconduct
Late submission of assessment tasks may be penalised at the following maximum rate: - 5% (of the assessment task's identified value) per day for the first two days from the date identified as the due date for the assessment task. - 10% (of the assessment task's identified value) for the third day - 20% (of the assessment task's identified value) for the fourth day and subsequent days up to and including seven days from the date identified as the due date for the assessment task. - A result of zero is awarded for an assessment task submitted after seven days from the date identified as the due date for the assessment task. Weekdays and weekends are included in the calculation of days late. To request an extension you must contact your course coordinator to negotiate an outcome.
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