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James Cook University Subject Handbook - 2024

For subject information from 2025 and onwards, please visit the new JCU Course and Subject Handbook website.

FS0201 - Economics

Credit points:03
Year:2024
Student Contribution Band:Band 4
Prerequisites:5.5 IELTS Equivalence
Administered by:Academy Division

Subject Description

    Economics is the study of how people choose to use resources. Resources include the time and talent that people have available, the land, buildings, equipment, and other tools on hand, and the knowledge of how to combine them to create useful products and services. The unit covers what is generally accepted as the subject area of fundamental economic theories, concepts and policies. Economic principles and concepts are applied in decision making in a business environment. An understanding of the general economic environment and its effect upon business organisations and their markets will be acquired at the end of the unit. In addition, students will be introduced to the macro economic principles and market behaviour.

Learning Outcomes

  • apply critical thinking of economic theories in solving quantitative economic problems
  • construct and analyse graphical models of economic theory
  • analyse and apply knowledge of economic theory through problem solving and case studies
  • demonstrate understanding of the basic principles of economics and business

Subject Assessment

  • Written > Examination (centrally administered) - (40%) - Individual
  • Written > Test/Quiz 1 - (30%) - Individual
  • Written > Project report - (30%) - Group

Note that 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.

Special Assessment Requirements

Nil

Availabilities

JCU Singapore, Study Period 51, Internal

Census date:Thursday, 07 Mar 2024
Study Period Dates:Thursday, 15 Feb 2024 to Friday, 26 Apr 2024
Coordinator(s):
MS Kanwaljit Kaur
Lecturer(s):
MS Kanwaljit Kaur
Workload expectations:The student workload for this 3 credit point subject is approximately 130 hours.
  • 36 Hours - Lectures - 3 hrs per week over 12 weeks
  • 24 Hours - Tutorials - 2 hrs per week over 12 weeks
  • 12 Hours - was Other - Consultation/Review - 1 hr per week over 12 weeks
Restrictions:An enrolment quota applies.

JCU Singapore, Trimester 2, Internal

Census date:Thursday, 13 Jun 2024
Study Period Dates:Monday, 20 May 2024 to Saturday, 24 Aug 2024
Coordinator(s):
MS Kanwaljit Kaur
Lecturer(s):
MS Kanwaljit Kaur
Workload expectations:The student workload for this 3 credit point subject is approximately 130 hours.
  • 36 Hours - Lectures - 3 hrs per week over 12 weeks
  • 24 Hours - Tutorials - 2 hrs per week over 12 weeks
  • 12 Hours - was Other - Consultation/Review - 1 hr per week over 12 weeks
Restrictions:An enrolment quota applies.

JCU Singapore, Trimester 3, Internal

Census date:Thursday, 10 Oct 2024
Study Period Dates:Monday, 16 Sep 2024 to Saturday, 14 Dec 2024
Coordinator(s):
MS Kanwaljit Kaur
Lecturer(s):
MS Kanwaljit Kaur
Workload expectations:The student workload for this 3 credit point subject is approximately 130 hours.
  • 36 Hours - Lectures - 3 hrs per week over 12 weeks
  • 24 Hours - Tutorials - 2 hrs per week over 12 weeks
  • 12 Hours - was Other - Consultation/Review - 1 hr per week over 12 weeks
Restrictions:An enrolment quota applies.