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SOCI1020 – Economy and Society

2020 – Session 1, Fully online/virtual

Coronavirus (COVID-19) Update

Due to the Coronavirus (COVID-19) pandemic, any references to assessment tasks and on-campus delivery may no longer be up-to-date on this page.

Students should consult iLearn for revised unit information.

Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Norbert Ebert
Credit points Credit points
Prerequisites Prerequisites
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

Understanding the economy and markets is increasingly vital for us as workers and citizens. This unit provides students with a non-mathematical introduction to economic language and concepts to help you understand debates around the economy and see how economic decisions impact out everyday lives. It will help you to see the connections between the economy, politics, culture and society. We examine how social norms shape work and consumption, and how political decisions and institutions shape issues like inequality. We explore a range of contemporary issues from consumerism and ecological sustainability to the growing gap between rich and poor and financial instability.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://students.mq.edu.au/important-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • ULO1: demonstrate an understanding of key concepts in economic sociology and political economy
  • ULO3: Apply concepts from economic sociology to contemporary social and economic issues
  • ULO2: Identify important historical developments in market societies
  • ULO4: Recognise economic arguments used in public and civic debates (public sociology)
  • ULO5: Analyse data to understand economic issues.
  • ULO6: Express economic ideas in writing and verbally.

Assessment Tasks

Coronavirus (COVID-19) Update

Assessment details are no longer provided here as a result of changes due to the Coronavirus (COVID-19) pandemic.

Students should consult iLearn for revised unit information.

Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students

General Assessment Information

The major assignment has to be submitted through turnitin. The link for it will be provided on iLearn.

Delivery and Resources

Coronavirus (COVID-19) Update

Any references to on-campus delivery below may no longer be relevant due to COVID-19.

Please check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status

All course material and contents will be available through iLearn.

Unit Schedule

Coronavirus (COVID-19) Update

The unit schedule/topics and any references to on-campus delivery below may no longer be relevant due to COVID-19. Please consult iLearn for latest details, and check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status

SOCI1020 Economy and Society






Understanding Market Society (lectures and tutorials start in week 1)



REQUIRED: Academic Integrity Module (non-graded)



Prices and Competition



Quiz 1: on Friedman (5%)



Market and Society



Quiz 2: on Heilbroner (5%)



Economic Growth, Economic Crisis



Quiz 3: on Marx (5%)



Inequality: Class, Income and Wealth



The Market: Competition, Finance and Risk



Inequality Beyond Class: Unpaid work, discrimination and trade



mid-session break (no classes)



mid-session break (no classes)



The State: Property, Work and Welfare



The Corporation, Work and Consumerism



The Environment and Sustainability



The Family, Care and Social Reproduction



Civil Society and Reshaping the Economy

  28/05/2020 Major Assignment is due (40%); submit via turnitin



Conclusion (no tutorials in week 13)

  final exam during exam period (35%)

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Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct​


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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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