There is no option for completing the assessment tasks after the submission closing time. No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for Special Consideration is made and approved. There will be a deduction of 10% of the total available marks  made from the total awarded mark for each 24 hour period or part thereof that the submission is late (up to 48 hours, for example, 25 hours late in submission – 20% penalty and 49 hours late in submission a mark of 0). This penalty does not apply to cases in which an application for special considerations is made and approved. Students who have plagiarised will be awarded a mark of zero, will not be permitted to resubmit, and may be reported to the University Disciplinary Committee for further action.

CLASSES

This unit provides 2 hours teaching per week adopting a combination of asynchronous (recorded lectures, slides, discussion forums, etc) and synchronous  (Zoom meetings, etc.) and 1 hour tutorial per 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 Unit Web Page on iLearn

Lecture and and all teaching 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 the unit web page at http://ilearn.mq.edu.au.  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:

• The Economy: Economics for a Changing World. This text is produced by the CORE ECON team, and is available free online at https://www.coreecon.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 1:  Microeconomic foundations (Catch-up)

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 great depression and the global financial crisis (Chapter 17)

Week 11: Capstone: The nation and the world economy (Chapter 18)

Week 12: Capstone: The Economics of pandemic (Extra materials)

Week 13: Review lecture - what have we learnt