EC5103 - Business Economics

Credit points:	03
Year:	2010
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, Block, Study Period 4
Census Date 18-Mar-2010
Face to face teaching 05-Mar-2010 to 21-Mar-2010 (Fri 5/3 6-9pm, Sat 6/3 & Sun 7/3 9-5pm AND Fri 19/3 6-9pm , Sat 20/3 & Sun 21/3 9-5pm)
Coord/Lect:	Dr Hong-Bo Liu.
Contact hours:	39 hours lectures - As per Subject Guide
Assessment:	end of semester exam (60%); other exams (20%); assignments (20%).
Special Assessment Requirements:	Each student must achieve an overall total of 50% or greater for all invigilated assessment.
Cairns, Block, Study Period 6
Census Date 24-Jun-2010
Face to face teaching 18-Jun-2010 to 18-Jul-2010 (Fri 18/6 6-9pm, Sat 19/6 & Sun 20/6 9-5pm AND Fri 16/7 6-9pm, Sat 17/7 & Sun 18/7 9-5pm)
Coord/Lect:	Mr Sizhong Sun.
Contact hours:	39 hours lectures - As per Subject Guide.
Assessment:	end of semester exam (60%); other exams (20%); assignments (20%).
Special Assessment Requirements:	Each student must achieve an overall total of 50% or greater for all invigilated assessment.
JCU Brisbane, Internal, Study Period 22
Census Date 12-Aug-2010
Coordinator:	Mr Sizhong Sun
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%).
Special Assessment Requirements:	Each student must achieve an overall total of 50% or greater for all invigilated assessment.
JCU Brisbane, Internal, Study Period 21
Census Date 15-Apr-2010
Coordinator:	Mr Sizhong Sun
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 09-Dec-2010
Coordinator:	Mr Sizhong Sun
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%).
Special Assessment Requirements:	Each student must achieve an overall total of 50% or greater for all invigilated assessment.

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.