School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Economics I
  • Unit Code

    ECF1110
  • Year

    2021
  • Enrolment Period

    1
  • Version

    4
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Ghialy Choy Lee YAP

Description

In our personal lives and business careers, we are faced with many choices as we try to make the best use of the limited resources available to us. This unit's main focus is 'economic literacy' - being able to recognise, understand and apply the economic principles which give us insight into personal, corporate and government behaviour (nationally and internationally). Its secondary focus is to introduce techniques which economists use to help them think logically about problems and their solutions. An understanding of concepts and techniques provides students with an 'economic toolkit' which will be useful in many situations in the future. There is considerable emphasis on the application of economic concepts to current economic climate in Australia and internationally.

Learning Outcomes

On completion of this unit students should be able to:

  1. Articulate the influence of ethical values in decision-making using economic concepts.
  2. Apply economic theories and models to contemporary business and social issues.
  3. Critically appraise actions of governments, central banks, businesses, households and the global sectors to understand how policies and practices affect economic outcomes.
  4. Communicate economic concepts in written format.

Unit Content

  1. Markets, demand and supply
  2. Elasticity of demand and supply
  3. Production costs
  4. Market types
  5. Business cycles and economic growth
  6. Inflation and unemployment
  7. Macroeconomic policies
  8. International trade and finance

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECUs LMS

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 2 hour seminarNot OfferedNot Offered
Semester 213 x 2 hour seminarNot Offered13 x 2 hour seminar

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECUs LMS as well as additional ECU l

Additional Learning Experience Information

Unit materials are available via Blackboard. Regular online access is required. This unit will be delivered using technology-enhanced learning. Students will be required to access and use a variety of digital learning materials to prepare for and engage in discussion and activities related to economics. Learning activities and Assessments will develop communication and analytical abilities of students as well as providing opportunities to discover, discuss and apply theory in a meaningful context. Students need to be actively engaged in the unit by reading the textbook chapters, listening to the content videos, completing the weekly Homework and Tutorial questions, and participating in discussions within Blackboard.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

ON CAMPUS
TypeDescriptionValue
TestOn-line Tests20%
AssignmentAssignment30%
ExaminationFinal Examination50%
ONLINE
TypeDescriptionValue
TestOn-line Tests20%
AssignmentAssignment30%
ExaminationFinal Examination50%

Core Reading(s)

  • Hubbard, G., Garnett, A., Lewis, P., & O’Brien, T. (2019). Essentials of Economics. (4th ed.). Melbourne, VIC : Pearson. Retrieved from https://ecu.on.worldcat.org/oclc/1048785684

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF1110|4|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Economics I
  • Unit Code

    ECF1110
  • Year

    2021
  • Enrolment Period

    2
  • Version

    4
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Ghialy Choy Lee YAP

Description

In our personal lives and business careers, we are faced with many choices as we try to make the best use of the limited resources available to us. This unit's main focus is 'economic literacy' - being able to recognise, understand and apply the economic principles which give us insight into personal, corporate and government behaviour (nationally and internationally). Its secondary focus is to introduce techniques which economists use to help them think logically about problems and their solutions. An understanding of concepts and techniques provides students with an 'economic toolkit' which will be useful in many situations in the future. There is considerable emphasis on the application of economic concepts to current economic climate in Australia and internationally.

Learning Outcomes

On completion of this unit students should be able to:

  1. Articulate the influence of ethical values in decision-making using economic concepts.
  2. Apply economic theories and models to contemporary business and social issues.
  3. Critically appraise actions of governments, central banks, businesses, households and the global sectors to understand how policies and practices affect economic outcomes.
  4. Communicate economic concepts in written format.

Unit Content

  1. Markets, demand and supply
  2. Elasticity of demand and supply
  3. Production costs
  4. Market types
  5. Business cycles and economic growth
  6. Inflation and unemployment
  7. Macroeconomic policies
  8. International trade and finance

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECUs LMS

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 2 hour seminarNot OfferedNot Offered
Semester 213 x 2 hour seminarNot Offered13 x 2 hour seminar

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECUs LMS as well as additional ECU l

Additional Learning Experience Information

Unit materials are available via Blackboard. Regular online access is required. This unit will be delivered using technology-enhanced learning. Students will be required to access and use a variety of digital learning materials to prepare for and engage in discussion and activities related to economics. Learning activities and Assessments will develop communication and analytical abilities of students as well as providing opportunities to discover, discuss and apply theory in a meaningful context. Students need to be actively engaged in the unit by reading the textbook chapters, listening to the content videos, completing the weekly Homework and Tutorial questions, and participating in discussions within Blackboard.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

ON CAMPUS
TypeDescriptionValue
TestOn-line Tests20%
AssignmentAssignment30%
ExaminationFinal Examination50%
ONLINE
TypeDescriptionValue
TestOn-line Tests20%
AssignmentAssignment30%
ExaminationFinal Examination50%

Core Reading(s)

  • Hubbard, G., Garnett, A., Lewis, P., & O’Brien, T. (2019). Essentials of Economics. (4th ed.). Melbourne, VIC : Pearson. Retrieved from https://ecu.on.worldcat.org/oclc/1048785684

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF1110|4|2