ECON 1002 - Australia in the Global Economy I
North Terrace Campus - Semester 1 - 2024
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General Course Information
Course Details
Course Code ECON 1002 Course Australia in the Global Economy I Coordinating Unit Economics Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Assessment Typically, tutorial work, essays or papers, group presentation and final exam Course Staff
Course Coordinator: Associate Professor Paul Pezanis-Christou
Contact information will be posted on MyUni.Course Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
- Make an economic argument.
- Explain how Australia developed into the Economy it is now.
- Evaluate the appropriateness of economic arguments
- Use general concepts in economics (e.g. GDP, demand, exchange rate, etc).
- Write concise comments on economic issues.
- Complete a group project and present the result.
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
1, 2, 4 Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
3 Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
5, 6 Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
5 Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
6 Attribute 6: Australian Aboriginal and Torres Strait Islander cultural competency
Graduates have an understanding of, and respect for, Australian Aboriginal and Torres Strait Islander values, culture and knowledge.
2 Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
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Learning Resources
Required Resources
Textbook:
Ian W. McLean (2013): Why Australia Prospered – The Shifting Resources of Economic Growth, Princeton University Press
Note: this book is not a classical text-book. It is rather an economic history of AustraliaRecommended Resources
Ville, S. and Withers, G. (2015) The Cambridge Economic History of Australia. Cambridge: Cambridge University Press.
In case additional resources become relevant this will be communicated in the lectures and the tutorials.Online Learning
MyUni () will be used to communicate efficiently as a group and to post material such as articles, reading lists, class notes, etc.
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Learning & Teaching Activities
Learning & Teaching Modes
The course will use a wide variety of learning modes. Lectures will vary between core lectures given by the lecturer in charge and guest lectures. While the core lectures provide the academic economics knowledge, guest lectures are designed to provide practical background and real world relevance. Tutorials will be used for solving tutorial questions and student presentations.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
On average beyond watching lectures and attending tutorials, students are expected to spend about 4 hours per week for reading, solving practice examples, preparing projects and studying. The time required may vary across students and topics.Learning Activities Summary
Teaching & Learning Activities Related Learning Outcomes Lectures 1,2,3,4 Workshop discussion 5,6
(Tentative) Learning Activities Schedule
Part I: A brief economic history of Australia
Week 1 Introduction – The facts
Week 2 Early colonial prosperity
Week 3 Gold rush – from boom to bust
Week 4 Successive negative shocks – a long depression
Week 5 Boom after World War II
Week 6 Shocks, policy shifts and another boom
Part II: The Australian economy today
Weeks 7 to 12 Contemporary topics (guest lectures and case studies)Specific Course Requirements
There are no specific requirements for this course. -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Task Due Weighting Learning Outcome Assignments Weeks 4,9,12 30% 1, 3, 4, 5 Group Project and Presentation Week 7/8 20% 6 Final exam Week 14 50% 2, 4 Total 100% Assessment Detail
The assignments are written tasks to be completed individually and submitted via MyUni.
In the group project students are asked to work together in groups and to prepare a presentation about an economic institution or a sector.
The final exam covers the content of the whole course.
Further assessment details will be made available on MyUni.Submission
Except in cases outlined in the University Policy on modified arrangements for assessment, work that is submitted late is not accepted. Students are given feedback on their work (assignment and project report) within 2 weeks of submission.
Further details on submission will be provided on MyUni.Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
Additional Assessment
If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result. -
Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
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