BU1903 - Economics for Business

[Offered in 2012 only]

Credit points:	03
Year:	2012
Student Contribution Band:	Band 3
Administered by:	School of Business

This subject is an introductory course in Economics. It covers concepts in Macroeconomis and Microeconomics and provides students with an understanding of the various economic interrelationships, both domestic and international, which will help them to reach informed business decisions in the highly dynamic world of business. The subject introduces the economic principles of supply and demand which builds a foundation to understanding topics such as market forces, externalities, the environment, competition, trade, pricing practices, government policy, economic growth, and globalisation.

Learning Outcomes

• Demonstrate an understanding of concepts and analyses in microeconomics and macroeconomics;
• Apply these concepts to important contemporary microeconomic and macroeconomic problems including major policy issues; and;
• State a definition of Economics and list a range of topics which can come under this definition;
• Analyse current economic issues.

Graduate Qualities

• The ability to adapt knowledge to new situations;
• The ability to define and to solve problems in at least one discipline area;
• The ability to think critically, to analyse and evaluate claims, evidence and arguments, and to reason and deploy evidence clearly and logically;
• The ability to find and access information using appropriate media and technologies;
• The ability to evaluate that information;
• An understanding of the economic, legal, ethical, social and cultural issues involved in the use of information;
• The acquisition of coherent and disciplined sets of skills, knowledge, values and professional ethics from at least one discipline area;
• The ability to generate, calculate, interpret and communicate numerical information in ways appropriate to a given discipline or discourse;
• The ability to select and use appropriate tools and technologies;
• The ability to use online technologies effectively and ethically.

Inadmissible Subject Combinations:

EC1001 AND EC1005 AND BU1003

Availabilities
JCU Brisbane, Internal, Study Period 21
Census Date 12-Apr-2012
Coordinator:	Dr Taha Chaiechi
Contact hours:	26 hours lectures 12 hours tutorials 9 hours - Lecturer Directed Activities
Assessment:	end of semester exam (35%); other exams (35%); quizzes or tests (30%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.
JCU Brisbane, Internal, Study Period 22
Census Date 09-Aug-2012
Coordinator:	Dr Taha Chaiechi
Contact hours:	26 hours lectures 12 hours tutorials 9 hours - Lecturer Directed Activities
Assessment:	end of semester exam (35%); other exams (35%); quizzes or tests (30%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.
JCU Brisbane, Internal, Study Period 23
Census Date 06-Dec-2012
Coordinator:	Dr Taha Chaiechi
Contact hours:	26 hours lectures 12 hours tutorials 9 hours - Lecturer Directed Activities
Assessment:	end of semester exam (35%); other exams (35%); quizzes or tests (30%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.

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.