CO ECON1101 Summer Term PDF

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Summary

This is a course outline of what is expected in the ECON1101 course....

Description

UNSW Business School Course Outline

Study Level Undergraduate

Term Summer

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UOC 6

Location Online

School Economics

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1. Course Details Given the ongoing situation with COVID-19, UNSW’s return to campus will be cautious and phased. Rules and requirements for being on campus during Summer Term 2022 will be updated in due course, taking into consideration public health advice. Courses will mostly continue online, with some in-person classes. UNSW will continue to review the situation regularly and students and staff will receive direct communication on arrangements. For further information, please see FAQs here . See tab 8. Policies and Support in this course outline for tips on online study and assessment.

Summary of Course Economics is a social science which studies the ways in which people interact with one another and make decisions in a world with limited resources. The goal of this course is to provide you with the basic tools to “think like an economist” – that is, to be able to use basic economic principles to ask and answer questions about how the world works and the effects of policies. We will cover topics such as how individuals or firms make decisions about the demand or supply of a product, how we can determine the efficiency of a market, and how we evaluate the costs and benefits of government intervention in a market.

Teaching Times and Locations Please note that teaching times and locations are subject to change.Students are strongly advised to refer to the Class Timetable website for the most up-to-date teaching times and locations. View course timetable

Course Policies & Support The Business School expects that you are familiar with the contents of this course outline and the UNSW and Business School learning expectations, rules, policies and support services as listed below: Program Learning Outcomes Academic Integrity and Plagiarism Student Responsibilities and Conduct Special Consideration Protocol for Viewing Final Exam Scripts Student Learning Support Services Further information is provided in the Assessment and Policies and Support sections. Students may not circulate or post online any course materials such as handouts, exams, syllabi or similar resources from their courses without the written permission of their instructor.

Course Aims and Relationship to Other Courses The aim of this course is to provide an introduction to microeconomic analysis. It outlines the theory of markets with relevant applications to individual, social and business issues.

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ECON1101 is a prerequisite for ECON1102 and all courses in the School of Economics with a course code number beginning with 2 or 3. No previous study of economics is assumed. Please note that this course is no longer a core course in Commerce degrees at UNSW. If you entered a UNSW degree program other than the BEc in 2020 or later, it is likely you should change your enrolment ASAP. Refer to the UNSW Handbook for the the list of courses you should take to satisfy your degree.

Student Learning Outcomes The Course Learning Outcomes (CLOs) are what you should be able to demonstrate by the end of this course, if you participate fully in learning activities and successfully complete the assessment items. CLOs also contribute to your achievement of the Program Learning Outcomes (PLOs), which are developed across the duration of a program for all coursework students in the Business School. More information on PLOs is available under Policies and Support . PLOs are, in turn, directly linked to UNSW graduate capabilities and the aspiration to develop “globally focussed graduates who are rigorous scholars, capable of leadership and professional practice in an international community”. The following table shows how the CLOs for this course relate to the overall PLOs and indicates where each CLO and PLO is assessed:

Course Learning Outcomes

Program Learning Outcomes

On successful completion of the course, you should be able to:

This course helps you to This learning outcome will be develop the following assessed in the following Program Learning items: Outcomes:

1. Explain the assumptions that underlie standard microeconomic models of individual and collective decision-making and behaviour in a world with limited resources. 2. Identify appropriate economic models (e.g., models of perfectly competitive markets and various market imperfections) and apply them to predict and analyse the behaviour of individuals and firms interacting in markets.

3. Articulate how individuals in society and society as a whole benefit or are harmed by economic markets.

4. Evaluate the costs and benefits of

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Course Assessment Item

PLO 1: Business knowledge PLO 3: Business communication PLO 6: Global and cultural competence

Playconomics: Game + Academia Final Exam

PLO 1: Business knowledge PLO 2: Problem solving PLO 4: Teamwork PLO 5: Responsible business practice PLO 6: Global and cultural competence

Playconomics: Game + Academia Final Exam

PLO 1: Business knowledge PLO 3: Business communication PLO 5: Responsible business practice PLO 6: Global and cultural competence

Playconomics: Game + Academia Final Exam

PLO 1: Business knowledge

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Course Learning Outcomes

Program Learning Outcomes

government policies that affect economic incentives and behaviour.

PLO 2: Problem solving PLO 5: Responsible business practice PLO 6: Global and cultural competence

Final Exam

PLO 2: Problem solving PLO 3: Business communication

Playconomics: Game + Academia Final Exam

5. Use basic mathematical tools to demonstrate the properties and predictions of economic models and calculate the effect of changes in economic variables.

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Course Assessment Item

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2. Staff Contact Details Position Title

Name

Email

Location

Phone

Consultation Times

Lecturer- Ms incharge

Rachel Erde

Email

–

–

Thursday 1:00 PM - 2:00 PM or by appointment

Communication with staff Note: The primary point of contact for the course is Email. Emailing this address ensures that your enquiry will be directed to the most appropriate person and responded to promptly. Please only contact lecturers directly if specifically instructed to do so.

Who to contact? Subject material: Questions about course content should be discussed on the course website. It is very likely that your question has already been asked and addressed by your peers on the course website. If not, post it on the appropriate page, where it can be addressed by the lecturer and/or other students. Discussion of course subject material will not be entered into via lengthy emails. Personal enquiries: All questions of a personal nature, such as questions regarding in-term marks, special consideration, supplementary exams, etc., should be sent to the primary course email address: Email. Enrolment: General enquiries relating to your program or enrolment in the course or tutorials should be directed to Student Nucleus . Online access: Technical enquiries relating to your UNSW logins or Moodle access should be directed to the UNSW IT Service Centre on 9385 1333. Playconomics: Instructions for how to sign up for Playconomics are on the course Moodle page. For technical issues regarding access to Playconomics, please contact the Playconomics team at Email.

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3. Learning and Teaching Activities Approach to Learning and Teaching in the Course The philosophy underpinning this course and its teaching and learning strategies is based on “ Guidelines on Learning that Inform Teaching at UNSW ". The course materials and assessments have been designed to appropriately challenge students and support the achievement of the desired learning outcomes. A climate of inquiry and dialogue is encouraged between students and tutors and amongst students (in and out of class). Teaching staff aim to provide meaningful and timely feedback to students to improve learning outcomes.

Learning Activities and Teaching Strategies The examinable content of the course is defined by the assigned textbook (including the review questions), lecture content, and any additional material provided by the Lecturer-in-Charge. Students will be taught the “core principles” of economics and encouraged to practice applying these principles to everyday problems. The aim is to teach students to “think like an economist”, whether it is in everyday life, in business situations or with a broader societal view in mind.

Class Structure This course is offered in an online lecture format with weekly online workshops, plus an active course website that enhances workshops. Students are expected to attend weekly consolidation lectures on Tuesdays and Thursdays from 10:00-12:00 (see Course Schedule), which will be offered synchronously online with the recording made available afterward. The weekly online workshops are driven by the questions students need answering and the issues they want help with. Attendance is voluntary but strongly encouraged, and students may attend any workshop that they choose. The workshop schedule will be made available on the course Moodle site. Support is also available online through the course website. Course staff will check the website regularly to answer your questions and to make sure you reach your desired level of preparation in this course. All students will sit the same final exam, which will be submitted online.

Lectures The purpose of the lectures is to: 1. Provide a logical structure for the course topics. 2. Emphasise the most important concepts and methods for each topic. 3. Provide relevant examples that apply the key concepts and methods.

Course Website Engagement The course website is a place for you to discuss how to apply various economic concepts and methods. It will allow you to interact directly with other students and the course staff about the specific questions or problems you might have and will also provide practice and feedback in answering questions relevant to the course. Each week, you should attempt the questions related to the topic(s) scheduled for discussion and think about what aspects of the material you find difficult or for which you require additional explanation. The course website is a place to get personalised feedback related to your individual application of and

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questions about course material in a timely fashion. The direction and detail provided in the answer that the course staff will give are also entirely driven by student demand and rely on your active preparation and engagement.

Out-of-Class Study Most learning will be achieved outside of class time. Remember that lectures can only provide a structure to assist your study. An “ideal” weekly learning strategy looks like the following: 1. Read the relevant textbook chapter(s). 2. View recorded lectures, and attend the weekly consolidation lecture. Here, the course content will be placed in context, and the key elements of each topic will be highlighted. 3. Engage with the Playconomics Game. Consult the course materials as needed to reach various Playconomics in-game milestones. 4. Engage with Academia. Consult the course materials as needed to reach various Academia questionbased milestones. 5. Attempt textbook questions. This will provide a self-test of your understanding, guide your re-reading of specific parts of the text, and allow you make the most of the time interacting with staff online. 6. Attend the weekly online workshop. Here, course staff will answer your questions and help you work through problems with the course content.

You are expected to spend about 25 hours in total per week on the course material, including reading, lectures, and assessment tasks.

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4. Assessment Formal Requirements In order to pass this course, you must: achieve a composite mark of at least 50 out of 100; meet any additional requirements described in the Assessment Summary section. You are expected to attempt all assessment requirements in the course.

Assessment Structure Assessment Task Playconomics: Game + Academia

Weighting

Length

45%

–

Due Date Academia MCQs are due 1 Feb at noon. Academia short answer question submissions are due 3 Feb at noon. Academia markings are due 4 Feb at noon. Final Game progress will be recorded as of 4 Feb at 5PM.

Final exam (open-book)

Total

55%

100%

approximately 2 hours

UNSW Summer Exam Period

–

–

Assessment Summary As a student at UNSW you are expected to display academic integrity in your work and interactions. Where a student breaches the UNSW Student Code with respect to academic integrity, the University may take disciplinary action under the Student Misconduct Procedure. To assure academic integrity, you may be required to demonstrate reasoning, research and the process of constructing work submitted for assessment. To assist you in understanding what academic integrity means, and how to ensure that you do comply with the UNSW Student Code, it is strongly recommended that you complete the Working with Academic Integrity module before submitting your first assessment task. It is a free, online self-paced Moodle module that should take about one hour to complete.

Playconomics: Game + Academia (45%)

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The Playconomics Game is a computer-based interactive experience that can be accessed via the Playconomics package. It combines gamification, personalised feedback and experiential learning in an innovative and accurate way, to make your microeconomics learning more engaging and fun. Academia is a rich database of questions that can be accessed via the Playconomics package. A combination of these online assessment items will account for 45% of your overall course mark. Marks are allocated based on a combination of (1) achieving specific milestones in the Game and (2) completing specified activities on the Academia platform. The assessment is flexible and can be completed at your own pace. Academia multiple choice questions will be due at 12:00 noon, Tuesday 1st February. Academia short answer questions will be due at 12:00 noon, Thursday 3rd February. Academia short answer markings will be due at 12:00 noon, Friday 4th February. The Playconomics Game will be available in a "beta" (trial) period from 3:00 PM, Monday 17th January 5:00 PM, Friday 21st January. No marks will be awarded during this period. The assessment period will open at 3:00 PM, Monday 24th January. Final Game progress will be recorded at 5:00 PM, Friday 4th February.

Final Exam (55%) The final exam is worth 55% of your overall course mark. The exam will assess your understanding of the basic principles of microeconomics and will likely consist of a combination of multiple choice, numerical response and short answer/essay questions. The exam is expected to take approximately 2 hours to complete and submit online. Students should be prepared to sit for the final exam online during the UNSW Summer Exam Period. Further details (including details on the submission process) will be provided closer to the date of the exam.

Assessment Feedback Feedback on student performance from formative and summative assessment tasks will be provided to students in a timely manner. Assessment tasks completed within the teaching period of a course, other than a final assessment, will be assessed and students provided with feedback, with or without a provisional result, within 10 working days of submission, under normal circumstances. Feedback on continuous assessment tasks (e.g. laboratory and studio-based, workplace-based, weekly quizzes) will be provided prior to the midpoint of the course.

Special Consideration You can apply for special consideration whenillness or other circumstances beyond your control interfere with yourperformance in a specific assessment task or tasks, including online exams.Special consideration is primarily intended to provide you with an extra opportunityto demonstrate the level of performance of which you are capable. To apply, andfor further information, see Special Consideration on the UNSW Current Students page. Specialconsideration applications will be assessed centrally by the Case Review Team,who will business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

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update the online application with the outcome and add any relevantcomments.The change to the status of the application immediately sends anemail to the student and to the assessor with the outcome of the application. Please note the following: 1. Applications can only be made through Online Services in myUNSW. Applications will not be accepted by teaching staff. The lecturer-in-charge/course coordinator will be automatically notified when your application is processed. 2. Applying for special consideration does not automatically mean that you will be granted a supplementary exam or other concession. 3. If you experience illness or misadventure in the lead up to an exam or assessment, you must submit an application for special consideration, either prior to the examination taking place, or prior to the assessment submission deadline, except where illness or misadventure prevent you from doing so. 4. If your circumstances stop you from applying before your exam or assessment due date, you must apply within 3 working days of the assessment or the period covered by your supporting documentation. 5. Under the UNSW Fit To Sit/Submit rule, if you sit the exam/ submit an assignment, you are declaring yourself well enough to do so and are cannot subsequently apply for special consideration. 6. If you become unwell on the day of – or during – an exam, you must stop working on your exam, advise your course coordinator or tutor and provide a medical certificate dated within 24 hours of the exam, with your special consideration application. For online exams, you must contact your course coordinator or tutor immediately via email, Moodle or chat and advise them you are unwell and submit screenshots of your conversation along with your medical certificate and application. 7. If your online assessment is scheduled at a specific time in Sydney, Australian Eastern Standard Time (AEST), you must make yourself available at the time advised. Special consideration will not be awarded on the grounds that you are in a different time zone. 8. Special consideration requests do not allow the awarding of additional marks to students. Further information on Business School policy and procedure can be found under “Special Consideration” on the Po...