|Unit convenor and teaching staff||
Unit convenor and teaching staff
Contact via email
27cp at 100 level or above including ((ECON110 or ECON111) and (6cp in commerce-designated units at 200 level))
This unit is an introduction to the Japanese economy from Meiji to the current Heisei Recession. It serves also as an introduction to development economics. Basic economic models will be used to analyse the past Miracle growth of the Japanese economy. Some of these models, such as the Solow growth model and Friedman's Permanent Income Hypothesis, will be familiar from theoretical units, but will be taught from their basics with no assumed prior knowledge, for practical application in a real economy. Other models commonly found in the Japanese and Asian development literature, such as Harrod, Lewis and Fei-Ranis, are also presented and will be new ground for most students. Many of the problems encountered by the global economy since the beginning of this decade, such as deflation, liquidity traps and crippling public debt, were first seen in the Japanese economy in the 1990s. Also first seen in Japan were the attempted solutions to these problems, such as quantitative easing, and these make study of the Japanese economy particularly relevant now. The unit also covers the wide range of distinctive institutions characteristic of and often unique to the Japanese economy, such as sogo shosha, zaibatsu, and capital and financial keiretsu. This material will be particularly useful for students intending employment in Japanese firms or firms doing business with Japan.
Information about important academic dates including deadlines for withdrawing from units are available at http://students.mq.edu.au/student_admin/enrolmentguide/academicdates/
|Presentation||15%||No||Second half of Session|
|Class Test||30%||No||Week 8|
|Essay||25%||No||6th November 11pm|
|Final Examination||30%||No||University Examination Period|
Due: Second half of Session
Once in the session, in tutorial, you will make a short presentation (a maximum of four minutes) on a given topic, a selection of which will be published in Week 3. For administrative purposes you will present as part of a group, but the comments and mark will be your own. The choice of technology or software will be yours, in consultation with your group. As with most assessment tasks in the Unit, the aim is as much to enhance your skill set as to accumulate marks. The ability to effectively assemble and convey information to colleagues is a valuable business and academic skill and the aim here is to practice and hone that skill in a friendly environment. The PechaKucha style of quick presentation is becoming increasingly common in Commerce and Law and that style will be the basis of this exercise; more information will be given in lectures and in the Presentation Guide. Students who experience misadventure which prevents them from completing the Presentation on the scheduled day, should complete a Disruption to Studies application. If this application meets the criteria set out under University guidelines, then the Presentation will be rescheduled to an alternative Week of Session, though it may be necessary for the student to present in another tutorial time and day.
Due: Week 8
The Mid-Session Test will be held in the lecture in Week 8, and will be of one hour and forty minutes duration. It will cover work presented in Weeks 2-7, but a Guide to the Test will be published on iLearn listing the specific material to be assessed. The aim is to help with the learning process, as much as it is to accumulate marks. This is a very important assessment; it will allow you to demonstrate your grasp of the core material of the Unit, and to accomplish many of the Unit's objectives, at a very early stage of Session. It is also a very impartial, objective gauge of your knowledge - much of the Test will be based on important but easy to grasp rote learnt material. As noted above, a detailed list of the material to be covered will be provided on iLearn so that you can focus your preparations directly on the material covered in the Test. All of that material will be found in the lectures and tutorials, backed up by selected handouts. No outside reading will be required. The scripts will be returned with detailed comments, in Week 10. Students who through misadventure are unable to attend the Mid-Session Test, must complete a Disruption to Studies application. If this application meets the criteria set out in the University's policy guidelines, then a Supplementary Test will be offered.
Due: 6th November 11pm
The essay is an important means of improving the student skill set as well as of accumulating marks. It will be submitted by email directly to the lecturer as a Word document; details as to the process of submission will be given in the Essay Guide available on iLearn. The Essay should be submitted by Monday 6th November at 11pm. Late essays will be accepted until 20th November, but it will not be possible to return these Essays with comments or marks by the time of the Final Exam. The grades for late Essays will be finalised with calculation of the final grade for the Unit. You should be aware that the essay will also be assessed for plagiarism and other irregularities using Turnitin. The essay should not be less than 2,000 words; it need not be significantly longer than this, and must not exceed 2,400 words. The choice of topics and other details regarding the essay will be available via the Essay Guide handout to be uploaded to iLearn during Week 3. Essays submitted on time will be returned with comments and the mark, by email as a pdf file.
As the development of the student's written communications skills is an important aim of the subject, additional information will be given in the Essay Guide regarding requirements and suggestions for format, content and research methods for the essay. Again the aim of the exercise is to enhance skills as much as to gain marks, and the Guide will contain information on citation of sources, preparation of the bibliography and other useful writing skills. Students who experience misadventure which affects their ability to complete the Essay component, and whose circumstances meet the criteria for a Disruption to Studies application, should submit this application as soon as possible after the disruption. Where this application is successful, the submission date may be varied as required by the circumstances of the disruption.
Due: University Examination Period
The Final Examination will be of 2.5 hours duration, and will consist of a mix of short answer (as seen already in the Mid-Session Test) and essay-style answer questions. A guide to the Final Examination will be available from Week 10 via iLearn. Once again, the Short Answer section of the exam will give an objective and impartial measure of the student's grasp of the rote learnt detail of the Unit, and the Essay section will provide an opportunity to discuss at length the ideas and issues raised in the lectures and tutorial readings. Students who experience misadventure which prevents them from attending the Final Examination, should complete a Disruption to Studies application. If this application meets the criteria set out in University guidelines, then the student may be offered a Supplementary Examination on the day and time timetabled by the University.
No textbook succeeds in covering all the aspects of the topic that we wish to cover, and few try. As a third year unit we will rely on academic journal articles to supplement the lecture material. Any journal article required will be available online via the Library interface, and you will be given a guide as to how to access this. All the material required for understanding the areas covered in the unit will be available through the lectures or these library readings.
Unit Web Page
Lecture and tutorial material as well as up to date information concerning any aspect of the unit, including any changes to the schedule, will be available to students by logging on to iLearn at http://ilearn.mq.edu.au.
ECON394 covers the core institutions of the Japanese economy, as well as key concepts in economic theory and especially development economics. it will not be possible to achieve a Passing grade unless this material has been mastered. The core of the teaching of ECON394 is the lecture program. It is vital that students maintain consistent attendance at lectures. Students unable to meet this requirement should consult the lecturer at the beginning of semester. Consistent attendance at tutorials is similarly vital to success in the unit. The lectures will be supplemented by a discrete set of journal articles reflecting the major themes of the Unit, and these will be discussed at length in the tutorials. Assimilation of the material from these articles and from the lectures and tutorials will be necessary for success in the Unit.
Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy_2016.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.html
Disruption to Studies Policy (in effect until Dec 4th, 2017): http://www.mq.edu.au/policy/docs/disruption_studies/policy.html
Special Consideration Policy (in effect from Dec 4th, 2017): https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
The nature of scholarly endeavour, dependent as it is on the work of others, binds all members of the University community to abide by the principles of academic honesty. Its fundamental principle is that all staff and students act with integrity in the creation, development, application and use of ideas and information. This means that:
Further information on the academic honesty can be found in the Macquarie University Academic Honesty Policy at http://www.mq.edu.au/policy/docs/academic_honesty/policy.html
Macquarie University uses the following grades in coursework units of study:
Grade descriptors and other information concerning grading are contained in the Macquarie University Grading Policy which is available at:
If, at the conclusion of the unit, you have performed below expectations, and are considering lodging an appeal of grade and/or viewing your final exam script please refer to the following website which provides information about these processes and the cut off dates in the first instance. Please read the instructions provided concerning what constitutes a valid grounds for appeal before appealing your grade.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
For all student enquiries, visit Student Connect at ask.mq.edu.au
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
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