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Course Outline

EMB758 Managerial Economics

Course Coordinator:Hammad Siddiqi (hsiddiqu@usc.edu.au) School:School of Business and Creative Industries

2021Session 2

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.

Please go to unisc.edu.au for up to date information on the
teaching sessions and campuses where this course is usually offered.

What is this course about?

Description

This course aims to provide candidates with an introduction to economics as a foundation study in business, focusing on macroeconomics and introducing international economics. Business managers need to be aware of the economic environment in which they work, and the impact this environment has on their decision-making.
Topics such as demand and supply, fiscal and monetary policy, and international trade will be some of the issues covered.

How will this course be delivered?

Activity Hours Beginning Week Frequency
Blended learning
Lecture 2hrs Not applicable Not Yet Determined

Course Topics

  1. Module 1 Capitalism in crisis?
  2. Module 2 Why the market system is best
  3. Module 3 From Microeconomics to Macroeconomics
  4. Module 4 Monetary Policy and Fiscal Policy
  5. Module 5 Financial Markets and Labour Markets
  6. Module 6 Globalization

What level is this course?

700 Level (Specialised)

Demonstrating a specialised body of knowledge and set of skills for professional practice or further learning. Advanced application of knowledge and skills in unfamiliar contexts.

What is the unit value of this course?

6 units

How does this course contribute to my learning?

Course Learning Outcomes On successful completion of this course, you should be able to... Graduate Qualities Completing these tasks successfully will contribute to you becoming...
1 Demonstrate knowledge of microeconomic principles and how they apply in real world situations. Knowledgeable
Empowered
2 Demonstrate knowledge of macroeconomic principles and their usefulness in analysing economic policy debates and options. Knowledgeable
Empowered
3 Demonstrate an ability to structure an economic argument and support it with relevant literature. Creative and critical thinker

Am I eligible to enrol in this course?

Refer to the UniSC Glossary of terms for definitions of “pre-requisites, co-requisites and anti-requisites”.

Pre-requisites

Enrolled in Program BU791

Co-requisites

Not applicable

Anti-requisites

MBA708 or BUS702

Specific assumed prior knowledge and skills (where applicable)

Not applicable

Microcredential Information

Not applicable

How am I going to be assessed?

Grading Scale

Standard Grading (GRD)

High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL).

Details of early feedback on progress

Practice Problems will be discussed in every session starting from session 1.

Assessment tasks

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 Quiz/zes Individual 50% 
80 minutes
 Week 4 In Class
All 2 Case Study Individual 50% 
1500-2000 words
 Week 7 Online Assignment Submission with plagiarism check
All - Assessment Task 1:Quiz
Goal: 
To demonstrate your understanding of economic concepts by applying them to various problems.
Product: Quiz/zes
Authorship Statement:
Format: 
Submit: Beginning of Session 4 (in week 4). You will have 80 minutes to answer 40 multiple choice questions. This is an individual assessment.
Criteria:
No. Learning Outcome assessed
1 
To demonstrate conceptual clarity by correctly applying economic concepts to given problems
2 
Assessment criteria are mapped to the course learning outcomes.
 1 2 3
Generic Skills: 
Problem solving
All - Assessment Task 2:Case Study
Goal: 
You will demonstrate an understanding of both the macroeconomic and microeconomic principles developed in the course by applying them to a contemporary economic puzzle.
Product: Case Study
Authorship Statement:
Format: 
Submit: By Sunday 11:59
PM Week 7.

This is an individual assessment. You will be given a contemporary economic puzzle and a set of questions inviting you to apply concepts to various aspects of the puzzle.
Criteria:
No. Learning Outcome assessed
1 
Accuracy of concept application, depth of understanding shown and clarity of expression
Generic Skills: 
Communication, Problem solving, Organisation, Information literacy

Directed study hours

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.

What resources do I need to undertake this course?

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.

Prescribed text(s) or course reader

There are no required/recommended resources for this course.

Specific requirements

A Study Guide will be provided on Blackboard and in printed form, it will assist you in preparing for class and will
provide further information regarding particular aspects of your course including further reading from the web.

How are risks managed in this course?

Health and safety risks for this course have been assessed as low. It is your responsibility to review course material, search online, discuss with lecturers and peers and understand the health and safety risks associated with your specific course of study and to familiarise yourself with the University’s general health and safety principles by reviewing the online induction training for students, and following the instructions of the University staff.

What administrative information is relevant to this course?

Assessment: Academic Integrity

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.

Assessment: Additional Requirements

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

Assessment: Submission penalties

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.

Links to relevant University policy and procedures

For more information on Academic Learning & Teaching categories including:

  • Assessment: Courses and Coursework Programs
  • Review of Assessment and Final Grades
  • Supplementary Assessment
  • Central Examinations
  • Deferred Examinations
  • Student Conduct
  • Students with a Disability

For more information, visit https://www.usc.edu.au/explore/policies-and-procedures#academic-learning-and-teaching

Student Charter

UniSC is committed to excellence in teaching, research and engagement in an environment that is inclusive, inspiring, safe and respectful. The Student Charter sets out what students can expect from the University, and what in turn is expected of students, to achieve these outcomes.

General Enquiries

  • In person:
    • UniSC Sunshine Coast - Student Central, Ground Floor, Building C, 90 Sippy Downs Drive, Sippy Downs
    • UniSC Moreton Bay - Service Centre, Ground Floor, Foundation Building, Gympie Road, Petrie
    • UniSC SouthBank - Student Central, Building A4 (SW1), 52 Merivale Street, South Brisbane
    • UniSC Gympie - Student Central, 71 Cartwright Road, Gympie
    • UniSC Fraser Coast - Student Central, Student Central, Building A, 161 Old Maryborough Rd, Hervey Bay
    • UniSC Caboolture - Student Central, Level 1 Building J, Cnr Manley and Tallon Street, Caboolture
  • Tel:+61 7 5430 2890
  • Email:studentcentral@usc.edu.au
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