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Stage 3 OSP101A Economics IB_ACCT Unit Outline
日期: 2012-05-17 15:31:50  点击:[]

Course Code:   BSB50807/FNS50210

Course Name: Diploma of International Business

                    Diploma of Accounting

Unit Name:         OSP 101A Economics

Faculty of Business and Finance, Off Shore Diploma Program

UNIT OUTLINE(updated July, 2013)

Group:              Stage 3              Teacher:

Course Dates:       Semester 22013     Duration:60 hours

Unit Objectives:

Apply economic principles to work in the financial services industry

1.    Identify economic principles and theories related to financial services functions and tasks

2.    Evaluate economic aspects that apply to decision making

3.    Review own work

4.    Maintain a personal understanding of economic policies

Resources:

Di Stasio, A and Georgeson, C.

Apply Economic Principles, Learn Now/Better Teams Publications

Not all parts of the text are delivered and assessed in this subject. Only use parts indicated in the semester planner.

Table of Assessment

This course is delivered entirely in English and will be assessed in English.  To pass this subject you must be able to meet both the academic requirements and English literacy requirements.

Assessment Tasks

%

Internal Assessment.

This assessment will consist of a Mid semester test held in Lesson 7.

30%

External Assessment.

Your tutor will give you details of this assessment approximately 4 weeks before the date of the assessment. You must pass this final assessment to pass the unit.  

70%

TOTAL

100%

Student Responsibilities:

1.

Attend a minimum of 80% of classes.  Assessments may not be allowed if attendance is below 80%.

2.

For successful completion of this unit all assessments must be attempted and the final assessment must be passed.

3.

You will be expected to study outside of class for this unit.

4.

Participate in all class and homework activities.

5.

Be on time for all classes.


Semester Planner – CommencingSeptember2013

Only teach the parts of the text that are indicated in the planner.

LESSON

TOPIC

COMMENT

Out-of-class study Tasks set by the teacher

1

What is economics?

The problem of scarcity

Opportunity cost

Terminology

Ch 1  Text

Apply Economic Principles to work in the financial services industry.

2

The circular flow

The production possibility curve

Economic systems

Ch 1  Text

3

The difference between Microeconomics and Macroeconomics

Supply and Demand

Ch 2 Text

4

Factors that affect the micro and macro economy.

·  Elasticity

·  Market failure:

·  Externalities

·  The Carbon Tax

·  ETS’s

·  Public and private goods

·  Lack of competition

·  Income inequality

·  The place of assumptions in economics

Ch 2 Text

5

Firms and Market Structures and why they are important.

Ch 3&4Text

6 & 7

Economists don’t always agree and besides conditions change.

Economic Theory:

·  Adam Smith

·  The 1930,s depression

·  Keynes

·  After Keynes and the 1970,s stagflation

·  Monetarism and Milton Friedman

·  Supply side /Reganomics

·  Mid 1990’s-2007

·  The GFC

Are we condemned to boom and bust?

Mid-Semester test

Ch 10    Text

8 - 9

Free Trade, the Balance of Payments & Exchange Rates and the relationship between them.

Who benefits from free trade?

Ch 8 &Ch 9 Text

10 - 11

What is meant by Macroeconomic and why is it important? Have a look at the relationship between various indicators such as:

·  Economic growth and Long term as against short term growth

·  Standard of living

·  Unemployment

·  Inflation

·  Government policy and response

·  The importance of expectations

·  The National Accounts and their importance

·  Industrial Relations law

Ch 6   Text

Australian Bureau of Statisticswebsite

12 - 13

Fiscal & Monetary Policy

·  The business cycle

·  Economic indicators

·  Government policy

·  The multiplier

·  Monetary policy

Interest rates and the role of the RBA

Ch 7   Text

14

Asset Pricing Models

Financial Regulations & Capital Requirements

Ch 15 Text

15

Revision for exams