EC5103 - Business Economics

Credit points:	03
Year:	2008
Student Contribution Band:	Band 3
Administered by:	School of Business

This subject provides an introduction to economic analysis, with particular applications to decision-making in business. On completion, students should have an understanding of economic concepts, be able to construct economic arguments in terms of these concepts and be able to apply simple economic models to the analysis of relevant economic issues.

Learning Outcomes

• provide benefits to business students in terms of the ability to use economic principles in 'rational' decision-making;
• develop an understanding of the economic environment in which business decisions must be made;
• familiarity with key business and economic statistics that are periodically released by the Australian government and international agencies, including the Australian Bureau of Statistics, the Reserve Bank of Australia, the Australian Treasury, the OECD and the IMF;
• devleop an understanding of the role and impact of economic policy.

Graduate Qualities

• The ability to think critically, to analyse and evaluate claims, evidence and arguments;
• The ability to adapt knowledge to new situations;
• The ability to calculate, produce, interpret and communicate numerical information.

Inadmissible Subject Combinations:

LB5003

Availabilities
Townsville, Internal, Study Period 1
Census Date 04-Apr-2008
Coord/Lect:	Ms Vera Girgenti, Professor Brendan O'Connell.
Contact hours:	40 hours lectures - Consisting of 30 hrs lectures and 10 hrs of lecturer directed activities.
Assessment:	end of semester exam (60%); other exams (20%); assignments (20%).
Cairns, Block, Study Period 9
Census Date 17-Oct-2008
Face to face teaching 17-Oct-2008 to 02-Nov-2008
Lecturer:	jc204612.
Contact hours:	40 hours lectures - Consisting of 30 hrs lectures and 10 hrs of lecturer directed activities.
Assessment:	end of semester exam (60%); other exams (20%); assignments (20%).
Cairns, Block, Study Period 1
Census Date 04-Apr-2008
Face to face teaching 07-Mar-2008 to 18-May-2008
Coordinator:	Ms Vera Girgenti
Lecturer:	Assoc. Professor Owen Stanley.
Contact hours:	40 hours lectures - Consisting of 30 hrs lectures and 10 hrs of lecturer directed activities.
Assessment:	end of semester exam (60%); other exams (20%); assignments (20%).
Guangzhou, Block, Study Period 83
Census Date 18-Apr-2008
Face to face teaching 07-Apr-2008 to 13-May-2008
Coordinator:	Assoc. Professor Owen Stanley
Contact hours:	39 hours workshops/Seminars
Assessment:	end of semester exam (60%); other exams (20%); assignments (20%).
JCU Brisbane, Internal, Study Period 21
Census Date 18-Apr-2008
Coordinator:	Ms Vera Girgenti
Contact hours:	40 hours lectures - Consisting of 30 hrs lectures and 10 hrs of lecturer directed activities.
Assessment:	end of semester exam (60%); other exams (20%); assignments (20%).
JCU Brisbane, Internal, Study Period 22
Census Date 15-Aug-2008
Coordinator:	Ms Vera Girgenti
Contact hours:	40 hours lectures - Consisting of 30 hrs lectures and 10 hrs of lecturer directed activities.
Assessment:	end of semester exam (60%); other exams (20%); assignments (20%).
JCU Brisbane, Internal, Study Period 23
Census Date 12-Dec-2008
Coordinator:	Ms Vera Girgenti
Contact hours:	40 hours lectures - Consisting of 30 hrs lectures and 10 hrs of lecturer directed activities.
Assessment:	end of semester exam (60%); other exams (20%); assignments (20%).

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.