ECON20039 - Economics for Managers

General Information

Unit Synopsis

This unit encompasses a broad ranging introduction to economic theory and analysis as well as a study of some applications of economics to economic systems and to enterprises. You will be required to study microeconomics (how individual businesses and sectors operate) and macroeconomics (how an economy works as a whole). You will also be required to gain some understanding of why institutions are very important in an economy, and how internal and international trade creates economic wealth. Key goals in the unit will be to raise awareness of the importance of economic systems, introduction to the different fields of economic theory that are relevant to business, and develop some analytical skills. If you have successfully completed the unit ECON20023 you should not enrol in this unit.

Details

Level Postgraduate
Unit Level Not Applicable
Credit Points 6
Student Contribution Band 3
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites There are no pre-requisites for the unit.
Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 2 - 2019

Term 2 - 2019 Profile
Brisbane
Melbourne
Online
Sydney
Term 3 - 2019 Profile
Brisbane
Melbourne
Online
Sydney

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

This information will not be available until 8 weeks before term.
To see assessment details from an earlier availability, please search via a previous term.

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).

Consult the University’s Grades and Results Procedures for more details of interim results and final grades

Past Exams

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Previous Feedback

Term 1 - 2018 : The overall satisfaction for students in the last offering of this course was 4.3 (on a 5 point Likert scale), based on a 59.55% response rate.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Source: Informal consultation.
Feedback
The preparation for the exam should start earlier in the term.
Recommendation
The list of potential essay questions for part B of the exam is available on Moodle site few weeks before the exam week.
Action Taken
Students were sent the reminders about the topics and structure of the exam. Examples of essay questions were emailed to students few weeks in advance.
Source: Informal consultation.
Feedback
Students asked for more options with regards to textbook.
Recommendation
In addition to the hard copy of textbook and ebook, a new option was added (MindTap). It is an interactive textbook that includes ebook, homework revision, videos, quizzes and more.
Action Taken
A new option for the textbook was added to the moodle. The MindTap has more resources and cheaper than a traditional hard copy textbook.
Source: Students suggestions.
Feedback
Keep quizzes open longer.
Recommendation
Practice quizzes are open earlier and stay open till the assignment 1 due date.
Action Taken
Nil.
Source: Students.
Feedback
Provide more examples of exam essay questions.
Recommendation
More examples of potential essay questions to be provided on moodle website.
Action Taken
Nil.
Source: Students.
Feedback
Practice potential questions for the exam.
Recommendation
Questions drawn from the exam topics to be practiced during tutorials.
Action Taken
Nil.
Unit learning Outcomes
This information will not be available until 8 weeks before term.
To see Learning Outcomes from an earlier availability, please search via a previous term.