Students

ECON6050 – Applied Economic Analysis

2021 – Session 1, Special circumstances

Notice

As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group activities on campus, and most will keep an online version available to those students unable to return or those who choose to continue their studies online.

To check the availability of face-to-face and online 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

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Unit convenor and teaching staff Unit convenor and teaching staff
Wylie Bradford
Credit points Credit points
10
Prerequisites Prerequisites
Admission to MAppEcon
Corequisites Corequisites
ECON6049
Co-badged status Co-badged status
Unit description Unit description

This unit builds on the foundations provided by ECON6049 to develop the technical and analytical aspects of intermediate economics, with a focus on policy and application. The unit introduces students to the behaviour of individuals, businesses and governments in contemporary economic settings, and provides a deeper understanding of how the economy works as an integrated whole. In so doing it allows students to understand economic policy and apply it to specific contexts, utilising a wide range of models to investigate contemporary economic issues, drawn domestically and internationally.

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: Explain how economic concepts can be applied to a variety of economic problems and issues.
  • ULO3: Select, justify and utilise appropriate language and analytical structure to formulate appropriate solutions to complex economic issues.
  • ULO2: Critically evaluate the applicability of economic theory to real world challenges.
  • ULO4: Analyse and frame contemporary issues and challenges facing society, business and government.

Assessment Tasks

Name Weighting Hurdle Due
Applications 40% No Weeks 5,10
Discussion Blog 30% No Fortnightly, starting Week 3
Case Study Presentation 30% No Weeks 7,13

Applications

Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 40 hours
Due: Weeks 5,10
Weighting: 40%

 

There will be two 1,000 word reports, with a focus on contemporary issues drawn from domestic and international examples.

 


On successful completion you will be able to:
  • Explain how economic concepts can be applied to a variety of economic problems and issues.
  • Select, justify and utilise appropriate language and analytical structure to formulate appropriate solutions to complex economic issues.
  • Critically evaluate the applicability of economic theory to real world challenges.
  • Analyse and frame contemporary issues and challenges facing society, business and government.

Discussion Blog

Assessment Type 1: Reflective Writing
Indicative Time on Task 2: 20 hours
Due: Fortnightly, starting Week 3
Weighting: 30%

 

Every two weeks, students are required to make a brief individual blog entry on iLearn, reflecting on the topic, material and discussions. There will be a total of six blogs.

 


On successful completion you will be able to:
  • Explain how economic concepts can be applied to a variety of economic problems and issues.
  • Select, justify and utilise appropriate language and analytical structure to formulate appropriate solutions to complex economic issues.
  • Critically evaluate the applicability of economic theory to real world challenges.

Case Study Presentation

Assessment Type 1: Presentation
Indicative Time on Task 2: 25 hours
Due: Weeks 7,13
Weighting: 30%

 

There will be two occasions during the session when students are required to submit a video presentation. One will be drawn from microeconomics, and the other, from macroeconomics. Students are expected to draw on economic theory and knowledge to address contemporary challenges.

 


On successful completion you will be able to:
  • Explain how economic concepts can be applied to a variety of economic problems and issues.
  • Select, justify and utilise appropriate language and analytical structure to formulate appropriate solutions to complex economic issues.
  • Critically evaluate the applicability of economic theory to real world challenges.
  • Analyse and frame contemporary issues and challenges facing society, business and government.

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 Learning Skills Unit 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

Lectures will be recorded and there will be a Zoom workshop held weekly.

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:

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/admin/other-resources/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 Enquiry Service

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

Equity 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.

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 from Previous Offering

This is the first offering of this unit.