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.
Unit convenor and teaching staff |
Unit convenor and teaching staff
Lecturer and Unit Convenor
David Orsmond
Contact via Email
4ER 420
TBA on iLearn
Teaching Assistant
Zac Reynolds
Contact via Email
TBA
TBA on iLearn
Marjan Nazifi
|
---|---|
Credit points |
Credit points
10
|
Prerequisites |
Prerequisites
ECON1020 or ECON110 or ECON111
|
Corequisites |
Corequisites
|
Co-badged status |
Co-badged status
|
Unit description |
Unit description
This unit builds upon ECON1020 Principles of Economics 1, providing extensions of the ideas and concepts covered in terms of both microeconomics and macroeconomics. Topics can include: Pareto efficiency, market dynamics, inflation and long-run economic growth. |
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Hurdle | Due |
---|---|---|---|
Narrative interview assignment | 15% | No | Week 8 |
Final online examination | 50% | No | Exam Week |
Tutorial problems | 20% | No | Weekly |
Quiz | 15% | No | Weeks 5 and 10 |
Assessment Type 1: Media presentation
Indicative Time on Task 2: 5 hours
Due: Week 8
Weighting: 15%
Expert interview
Assessment Type 1: Examination
Indicative Time on Task 2: 40 hours
Due: Exam Week
Weighting: 50%
A two-hour open book examination, consisting of descriptive short and long answer questions, will be held during the University Examination Period.
Assessment Type 1: Problem set
Indicative Time on Task 2: 12 hours
Due: Weekly
Weighting: 20%
Tutorial problem workouts
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 5 hours
Due: Weeks 5 and 10
Weighting: 15%
Online quizz
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
CLASSES
• This unit consists of a weekly 1 x 30 minute overview video lecture, 1 x 1 hour tutorial, and a two-hour video lecture and supporting slides that summarise the relevant sections from the textbook for that week.
• The timetable for lectures and tutorials can be found on the university web site at: http://www.timetables.mq.edu.au
Technology Used and Required
The lecture videos and slides will be available on the unit web page at http://ilearn.mq.edu.au and through Echo. Students are strongly advised that their learning is significantly enhanced by regularly following the videos and undertaking the relevant reading for the week. It is assumed that students will attend all tutorials. Students who do not regularly follow the video lectures put themselves at a significant disadvantage, including that not all the material in the text is covered in the unit and not all the material in the unit is covered in the text. In some places the text deals with issues in greater depth than is necessary for the unit, and in other places it doesn’t go far enough. The video lectures contain key unit material taught at the level required for the assessment tasks and are the guide to the unit content. The tutorials will demonstrate the way questions in macroeconomics are approached. The lectures and tutorials will include significant guidance about the style and content of the final exam and recommendations about study technique. It is difficult to provide meaningful assistance to students outside class times on topics for which they did not follow in advance the relevant lectures and tutorials.
Tutorials constitute a critical learning experience of this unit and students must attend their set tutorial. In ECON1021 we emphasise peer-to-peer learning by working through the exercises and learning from others within the tutorial. Your tutor's role is to help you understand the material. Ask your tutor for guidance on how to approach questions and problems. Brief tutorial solutions will be posted on iLearn after completion of all classes of each week.
Textbook
Students will need to consult this textbook:
This text is produced by the CORE ECON team, and is available free online at https://www.core-econ.org/project/core-the-economy/. You will need to register on the site as a student. It is possible to obtain hard copies if desired.
Note that the CORE ECON project site contains significant additional resources that you should aim to make use of in aiding your learning.
Additional Readings
For some topics students will be required to read material in addition to the textbook. All additional readings will be posted on iLearn.
Week |
Topic |
Textbook Chapters |
Week 1 |
Overview & microeconomic foundations |
|
Week 2 |
Banks, money and the credit market I |
Chapter 10 |
Week 3 |
Banks, money and the credit market II |
Chapter 10 |
Week 4 |
Rent-seeking, price-setting and market dynamics |
Chapter 11 |
Week 5 |
Markets, efficiency and public policy |
Chapter 12 |
Week 6 |
Economic fluctuations and unemployment |
Chapter 13 |
Week 7 |
Unemployment and fiscal policy |
Chapter 14 |
Week 8 |
Inflation, unemployment and monetary policy |
Chapter 15 |
Week 9 |
Technological progress, employment and living standards in the long run |
Chapter 16 |
Week 10 |
Capstone: The Nation and the World Economy |
Chapter 18 |
Week 11 |
Capstone: The Great Depression and the Global Financial Crisis |
Chapter 17 |
Week 12 |
Capstone: The Economics of Pandemics |
Extra material |
Week 13 |
Review lecture - what have we learnt |
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).
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 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
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 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.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
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
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.