Late Assessment Submission Penalty (written assessments) 

Unless a Special Consideration request has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55pm. A 1-hour grace period is provided to students who experience a technical concern.  

For any late submissions of time-sensitive tasks, such as scheduled tests/exams, performance assessments/presentations, and/or scheduled practical assessments/labs, students need to submit an application for Special Consideration.

CLASSES

This unit consists of three delivery activities:

- a weekly short overview pre-recorded video lecture and an extended pre-recorded video lecture covering that week's material and key ideas; supporting slides that summarise the relevant sections from the textbook for that week will be uploaded weekly in advance on the iLearn site

- a one-hour weekly practical interactive 'lectorial,' where the ideas and models discussed in the pre-recorded lectures will be used to understand real-world situations; this is delivered live (face-to-face at Noon Tuesdays and online at 2pm Tuesdays); it is critical student have first listened to the pre-recorded lectures; the live and online sessions will be recorded and put on iLearn

- a one-hour face-to-face or online tutorial covering questions that students prepare in advance and which focus on the skills learned from the pre-recorded lectures; the tutorials run one-week behind the lecture material so students can prepare the relevant questions; tutorials start in Week 1.

The timetable for the lectorials and tutorials can be found on the university web site at http://www.timetables.mq.edu.au and on the iLearn site for the unit.

TECHNOLOGY USED AND REQUIRED

The lecture videos and slides will be available on the unit web page at http://ilearn.mq.edu.au Learning is significantly enhanced by regularly following the videos, attendin the lectorial and undertaking the relevant readings for the week. It is assumed that students will attend all tutorials. Students who do not regularly follow the lectures and keep up wiht the textboook put themselves at a significant disadvantage. Note that in some places the textbook deals with issues in greater depth than is necessary for the unit, and in other places it doesn’t go far enough; the lectures contain key unit material taught at the level required for the assessment tasks and are the guide to the unit content. The lectures and tutorials will include significant guidance about the style and content of the final exam and recommendations about study technique. In ECON1021 we emphasise peer-to-peer learning by working through the exercises and learning from others within the tutorial and hence it is a critical part of your learning. 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 the completion of all classes of each week.

TEXTBOOK

Students will need to consult this textbook: The Economy: Economics for a Changing World. This text (the same as that used in ECON1020) is produced by the CORE ECON team and is available free of charge online at www.core-econ.org/the-economy/book/text/0-3-contents  You will need to register on the site as a student. It is possible to obtain hard copies if desired.

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 Globalisation: The nation and the world economy (Chapter 18)

Week 11 The Great Depression and the Global Financial Crisis (Chapter 17)

Week 12 The economics of pandemics (Extra material)

Week 13 Review lecture - what have we learnt