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Economics

Objectives

On completion of this subject students should be able to:

  • Demonstrate a knowledge of the facts, concepts, principles and models of economics;
  • Evaluate the consequences of economic decisions in given situations;
  • Access and assess relevant data from a variety of sources to present a report on an economic theme;
  • Demonstrate relevant Economic-specific language skills.

Course outline

Semester One

  • The Economic Problem, Scarcity and opportunity cost.
  • The Price Mechanism and Government Intervention.
  • Market Structures: Monopoly and Oligopoly
  • Money and banking

Semester Two

A study of the Australian Economy including the following:

  • Inflation, Economic Growth and Unemployment
  • Economic Policies: Macro and Micro
  • Globalisation, Exchange Rates and Free Trade

Assessment

This subject teaches to and assesses students on their competence in respect of the following units of competency:

  • QLD204ECO01A Examine economic concepts, systems and decisions

In addition, students' work is graded in accordance with the following table:

SEMESTER 1

Assessment 
Assessment TaskWeighting (% of overall mark)

A

Class Test (S1)

 5%

B

Assignment (Analysis)

10%

C

Seminar

-

D

Semester One Examination

30%

 

Total

45%

SEMESTER 2

AssessmentAssessment TaskWeighting (% of overall mark)

E

Class Test (S2)

 5%

F

Assignment (Commentary)

10%

G

Commentary Task 2

10%

H

Semester Two Examination

30%

 

Total

55%