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 provides 2 hours teaching per week and 1 hour tutorial per week. Please see iLearn page for details of delivery.

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, attending classes, and undertaking the relevant reading for the week. It is assumed that students will attend all classes and all tutorials. Students who do not regularly follow the 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 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. 

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.

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 we have learnt!