Students
ECON6049 – Economic Analysis
2020 – Session 2, Special circumstance
Notice
As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group learning activities on campus for the second half-year, while keeping an online version available for those students unable to return or those who choose to continue their studies online.
To check the availability of face to face activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.
General Information
Download as PDF
| Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Craig MacMillan
Contact via craig.macmillan@mq.edu.au
4ER 427
Consultation - Check iLearn
Lecturer
Marjan Nazifi
Contact via fatemeh.nazifi@mq.edu.au
4ER 429
Consultation - Check iLearn
Lecturer
Ha Vu
Contact via ha.vu@mq.edu.au
4ER 429
Consultation - Check iLearn
Aditya Srivastava
Marjan Nazifi
|
|---|---|
| Credit points |
Credit points
10
|
| Prerequisites |
Prerequisites
Admission to MAccg or MAccLead or MBkgFin or MIntBus or MProfAcc or MProfAccgLead
|
| Corequisites |
Corequisites
|
| Co-badged status |
Co-badged status
|
| Unit description |
Unit description
This unit provides an introduction to modern economic analysis. The first half of the unit deals with the theory and application of microeconomics, where individual decision making units and their interactions are examined. The second half is devoted to macroeconomics, which examines the problems associated with inflation, unemployment and the business cycle in the context of the Australian economy. |
Important Academic Dates
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
Learning Outcomes
On successful completion of this unit, you will be able to:
- ULO1: Analyse business issues using key microeconomic and macroeconomic concepts.
- ULO2: Evaluate and apply appropriate diagrammatic representations of economic concepts and models.
- ULO3: Identify and distinguish between the different market structures in an economy.
- ULO4: Apply statistical analysis to evaluate the role of the government and the central bank and the instruments available to them to manage the economy.
- ULO5: Appraise and suggest policy using relevant macroeconomic and microeconomic concepts and models to deal with real-world economic problems.
Assessment Tasks
| Name | Weighting | Hurdle | Due |
|---|---|---|---|
| Assignments | 40% | No | Week 6 and Week 10 |
| Final online examination | 60% | No | University Examination Period |
Assignments
Assessment Type 1: Report
Indicative Time on Task 2: 25 hours
Due: Week 6 and Week 10
Weighting: 40%
Economic theory and application will be analysed in two written submissions. Length will be of up to 1,500 words per submission.
On successful completion you will be able to:
- Analyse business issues using key microeconomic and macroeconomic concepts.
- Evaluate and apply appropriate diagrammatic representations of economic concepts and models.
- Identify and distinguish between the different market structures in an economy.
- Apply statistical analysis to evaluate the role of the government and the central bank and the instruments available to them to manage the economy.
- Appraise and suggest policy using relevant macroeconomic and microeconomic concepts and models to deal with real-world economic problems.
Final online examination
Assessment Type 1: Examination
Indicative Time on Task 2: 35 hours
Due: University Examination Period
Weighting: 60%
A two-hour open book examination will be held during the University Examination Period
On successful completion you will be able to:
- Evaluate and apply appropriate diagrammatic representations of economic concepts and models.
- Identify and distinguish between the different market structures in an economy.
- Apply statistical analysis to evaluate the role of the government and the central bank and the instruments available to them to manage the economy.
- Appraise and suggest policy using relevant macroeconomic and microeconomic concepts and models to deal with real-world economic problems.
1 If you need help with your assignment, please contact:
- the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
- the Writing Centre for academic skills support.
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Delivery and Resources
Classes
• Each student must listen to the lectures and read the lecture slides each week that are available on the unit iLearn web page.
• Each student is required to participate in a weekly tutorial session to discuss and work on the worksheet associated with weekly lectures.
Textbook
• The textbook for this course can be found at the following: http://www.core-econ.org/
• You will need to register using your student email to access the textbook.
• The electronic version of the textbook is free. You can choose to purchase a hard copy of the textbook from the website.
Technology
• Students will require a non-programmable calculator. A calculator is non-programmable if it does not have any memory, or if it is capable of storing only numerical data within its memory.
• Students will also require access to a computer to view the iLearn website, to use Zoom for any online learning activities and to access the ebook that forms the textbook for the course.
Unit Web Page
• Course material is available at https://ilearn.mq.edu.au/login/MQ/
Unit Schedule
PART A: MICROECONOMICS
Topic 1: The Capitalist Revolution
Topic 2: The Technological Revolution(s) and Economic Models
Topic 3: Scarcity, Work and Choice
Topic 4: The Firm: Owners, Managers & Employees
Topic 5: The Firm and Its Customers
Topic 6: Supply and Demand: Price Taking and Competitive Markets
PART B: MACROECONOMICS
Topic 1: Banks and Money
Topic 2: Economic Fluctuations and Unemployment
Topic 3: Unemployment, Fiscal and Monetary Policy
Topic 4: Inflation
Topic 5: Economic Inequality
More information about the specifics of the topics and the associated readings will be provided each week.
Policies and Procedures
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:
- Academic Appeals Policy
- Academic Integrity Policy
- Academic Progression Policy
- Assessment Policy
- Fitness to Practice Procedure
- Grade Appeal Policy
- Complaint Management Procedure for Students and Members of the Public
- Special Consideration Policy (Note: The Special Consideration Policy is effective from 4 December 2017 and replaces the Disruption to Studies Policy.)
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
Results
Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) 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 or if you are a Global MBA student contact globalmba.support@mq.edu.au
Student Support
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.
The Library provides online and face to face support to help you find and use relevant information resources.
Student Services and Support
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
Student Enquiries
For all student enquiries, visit Student Connect at ask.mq.edu.au
If you are a Global MBA student contact globalmba.support@mq.edu.au
IT Help
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
Changes since First Published
| Date | Description |
|---|---|
| 25/07/2020 | I had to remove the name of the teaching assistant due to low enrolment numbers that meant the unit does not qualify for a TA. |