Victoria Elizabeth Gonzalez
Course overview
- Study period
- , 2024 (14/10/2024 - 27/06/2025)
- Study level
- UQ College
- Location
- St Lucia
- Attendance mode
- In Person
- Units
- 3.2
- Administrative campus
- St Lucia
- Coordinating unit
- UQ College
This course positions students to think deeply about the challenges that confront individuals, business and government, providing students with tools to think creatively beyond what is known and predictable.
Economics is an introductory course in broad based Economic issues. In the 21st century, the study of economics develops the transferable skills of critical thinking and questioning assumptions. It focuses on how decision makers within the economy (e.g., consumers, firms, government departments) make choices to satisfy their wants given their limited resources.
The field of economics is typically divided into two: microeconomics being the study of individuals, households and businesses; and macroeconomics, the study of economy-wide phenomena. These concepts are applied to real-world issues and segue to Australian economic management, as students analyse trends and evaluate economic policies.
Course requirements
Assumed background
No prior knowledge or experience in Economics required to study this course.
Course staff
Course convenor
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
Timetables will beﾠavailableﾠto students on Edval.
Please refer to theﾠQLD government website for Public holiday information.
Aims and outcomes
This course aims to introduce students to major economic concepts, themes and principles. It will develop students' ability to make economic decisions based on analysis and evaluations of economic information.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Compare and contrast economic concepts, principles and models to examine the nature and consequences of economic trade-offs
LO2.
Select data and economic information from appropriate sources that are relevant to microeconomic and macroeconomic issues
LO3.
Analyse economic issues to illustrate economic causes and consequences of contemporary events on local, domestic and international economies
LO4.
Evaluate economic outcomes that are relevant to microeconomic and macroeconomic objectives and economic management
LO5.
Select, analyse and interpret relevant data to communicate economic concepts in an appropriate format to suit the intended audience and purpose
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Portfolio | Learning Portfolio 1 | 15% |
15/11/2024 10:00 pm |
| Quiz |
Quizzes
|
10% |
Quiz 1 20/01/2025 - 24/01/2025 Quiz 2 27/01/2025 - 31/01/2025 Quiz 3 3/03/2025 - 7/03/2025 Quiz 4 10/03/2025 - 14/03/2025 |
| Paper/ Report/ Annotation |
Report
|
20% |
17/02/2025 - 21/02/2025 |
| Portfolio | Learning Portfolio 2 | 30% |
30/05/2025 10:00 pm |
| Examination |
Final Exam
|
25% |
Term 3 Exam Block |
Assessment details
Learning Portfolio 1
- Mode
- Written
- Category
- Portfolio
- Weight
- 15%
- Due date
15/11/2024 10:00 pm
- Learning outcomes
- L01, L02, L03
Task description
During weeks 2 to 5, you will work to complete a series of portfolio tasks. The tasks in this assessment will assist to ensure you have learned the key content required for the rest of the course. Tasks will increase in complexity across the course. You are encouraged to seek regular feedback to assess progress. You will format all completed tasks into one document before submission in week 5.
Submission guidelines
Deferral or extension
You cannot defer or apply for an extension for this assessment.
UQ College students can apply for an extension or deferral. Please refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Late submission
Refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Quizzes
- In-person
- Mode
- Written
- Category
- Quiz
- Weight
- 10%
- Due date
Quiz 1 20/01/2025 - 24/01/2025
Quiz 2 27/01/2025 - 31/01/2025
Quiz 3 3/03/2025 - 7/03/2025
Quiz 4 10/03/2025 - 14/03/2025
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03, L04
Task description
During the program, students will complete a series of quizzes. The quizzes are designed to develop knowledge and understanding of key economic concepts. Once completed, student grades will be averaged and a grade awarded out of 10. Students will be allocated 30 minutes per quiz and quizzes will be completed during class time.
Submission guidelines
Completed during scheduled classes.
Deferral or extension
You cannot defer or apply for an extension for this assessment.
UQ College students can apply for an extension or deferral. Please refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Late submission
Refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Report
- In-person
- Mode
- Written
- Category
- Paper/ Report/ Annotation
- Weight
- 20%
- Due date
17/02/2025 - 21/02/2025
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03, L04, L05
Task description
This is an in-class assessment task. Each student will be provided with a topic related to an economic concept. Based on the topic, students will conduct research during class time to analyse and evaluate the identified issue before producing economic graphs and a report which summarises their findings.
Submission guidelines
Deferral or extension
You cannot defer or apply for an extension for this assessment.
UQ College students can apply for an extension or deferral. Please refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Late submission
Refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Learning Portfolio 2
- Mode
- Product/ Artefact/ Multimedia, Written
- Category
- Portfolio
- Weight
- 30%
- Due date
30/05/2025 10:00 pm
- Learning outcomes
- L01, L02, L03, L04, L05
Task description
Outside of class time, students complete a series of self-directed tasks designed to allow them to experience and reflect on different economic concepts. Reflections are written which connect practical actions to course content and which test students' ability to analyse and evaluate economic concepts.
Submission guidelines
Deferral or extension
You cannot defer or apply for an extension for this assessment.
UQ College students can apply for an extension or deferral. Please refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Late submission
Refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Final Exam
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 25%
- Due date
Term 3 Exam Block
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03, L04, L05
Task description
Students will be assessed on concepts learned in Term 3. Questions may involve multiple choice, short answer and extended response. Students may be asked to engage with case studies and utilise graphs and tables to support their analysis and evaluation.
Exam details
| Planning time | 10 minutes |
|---|---|
| Duration | 120 minutes |
| Calculator options | Casio FX82 series calculator only |
| Open/closed book | Closed Book examination - no written materials permitted |
| Exam platform | Paper based |
| Invigilation | Invigilated in person |
Submission guidelines
Deferral or extension
You cannot defer or apply for an extension for this assessment.
UQ College students can apply for an extension or deferral. Please refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Late submission
Refer to UQ College Assessment Extensions, Exam Deferrals and Late Penalty Policy and Procedure.
Course grading
Full criteria for each grade is available in the Assessment Procedure.
| Grade | Cut off Percent | Description |
|---|---|---|
| 1 (Low Fail) | 0 - |
Absence of evidence of achievement of course learning outcomes. Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
| 2 (Fail) | 25 - |
Minimal evidence of achievement of course learning outcomes. Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
| 3 (Marginal Fail) | 47 - |
Demonstrated evidence of developing achievement of course learning outcomes Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
| 4 (Pass) | 50 - |
Demonstrated evidence of functional achievement of course learning outcomes. Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
| 5 (Credit) | 65 - |
Demonstrated evidence of proficient achievement of course learning outcomes. Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
| 6 (Distinction) | 75 - |
Demonstrated evidence of advanced achievement of course learning outcomes. Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
| 7 (High Distinction) | 85 - |
Demonstrated evidence of exceptional achievement of course learning outcomes. Course grade description: Students are assessed on a 1-7 grading scale via rubrics produced for each assessment item. |
Supplementary assessment
Supplementary assessment is available for this course.
Additional assessment information
Artificial Intelligence (AI):
Assessment tasks evaluate students' abilities, skills and knowledge without the aid of generative Artificial Intelligence (AI) or Machine Translation (MT). Students are advised that the use of AI or MT technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Feedback on Assessmentﾠ
In addition to the mark awarded, feedback will be provided on all assessment tasks to enable students to apply the feedback to further tasks within the course or program. The form of feedback provided is appropriate to the task weighting, timing, and context, and with reference to criteria and standards.ﾠ
Appropriate conditions for group work and collaborationﾠ
Teachers usually aim for groups of 3-4 and provide preparation for group work activities (examples can include discussions, role-playing, and identifying strengths and weaknesses) to maximise students’ learning and performance.ﾠ
Assignment submissionﾠ
Unless advised otherwise,ﾠassignments are to be submitted electronically via Blackboard. Instructions for submission are in the Assessment folder in your course Blackboard site.ﾠﾠ
Calculator policyﾠ
If a calculator is permitted for use in an examination, the calculator must comply with the University of Queensland Calculator Scheme. Where calculators are permitted for use in the examination, students are advised to ensure that the calculator complies with the type nominated by the course coordinator. Unless the type is unrestricted, the calculator must be either a Casio FX82 seriesﾠcalculator, orﾠhave an 'approved label' attached which can be obtained from the Student Centre. Please refer to theﾠmy.UQﾠwebsiteﾠfor information on the use of calculators in examinations.ﾠ
Referencing styleﾠ
All relevant material MUST be correctly referenced using theﾠAPA 7th referencing style.ﾠ
Learning resources
You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.
Library resources
Find the required and recommended resources for this course on the UQ Library website.
Additional learning resources information
Additional resources are also available via the Blackboard course website.
Learning activities
The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.
Filter activity type by
Please select
| Learning period | Activity type | Topic |
|---|---|---|
Week 1 (14 Oct - 20 Oct) |
Workshop |
Introduction to Economics Learning outcomes: L01, L02, L04 |
Week 2 (21 Oct - 27 Oct) |
Workshop |
Opportunity Cost and the Production Possibility Frontier Learning outcomes: L01, L02, L04 |
Week 3 (28 Oct - 03 Nov) |
Workshop |
Demand, Supply and the Price Mechanism Learning outcomes: L01, L02, L04 |
Week 4 (04 Nov - 10 Nov) |
Workshop |
Elasticity of Demand and Supply Learning outcomes: L01, L02, L04 |
Week 5 (11 Nov - 17 Nov) |
Workshop |
Production Costs Learning outcomes: L01, L02, L04 |
Multiple weeks From Week 6 To Week 8 |
Workshop |
Market Structures Learning outcomes: L01, L02, L04 |
Week 9 (09 Dec - 15 Dec) |
Workshop |
Behavioural Economics Learning outcomes: L03 |
Week 10 (16 Dec - 22 Dec) |
Workshop |
International Trade Theories Learning outcomes: L01, L02, L03 |
Week 11 (06 Jan - 12 Jan) |
Workshop |
Trade Policies, Terms of Trade and the Balance of Payments Learning outcomes: L03 |
Week 12 (13 Jan - 19 Jan) |
Workshop |
Exchange Rate Learning outcomes: L01, L02, L04, L05 |
Week 13 (20 Jan - 26 Jan) |
Workshop |
Australia's Foreign Investment Learning outcomes: L01, L02, L04, L05 |
Week 14 (27 Jan - 02 Feb) |
Workshop |
Measuring the Size of the Economy Learning outcomes: L01, L02, L03, L04 |
Week 15 (03 Feb - 09 Feb) |
Workshop |
The Business Cycle and Economic Growth Learning outcomes: L01, L02, L03, L04 |
Week 16 (10 Feb - 16 Feb) |
Workshop |
Assessment Workshop Learning outcomes: L01, L02, L03, L04 |
Week 17 (17 Feb - 23 Feb) |
Workshop |
Market Failure: Externalities Learning outcomes: L01, L02, L03, L04 |
Week 18 (24 Feb - 02 Mar) |
Workshop |
Market Failure: Climate Change Learning outcomes: L01, L02, L04, L05 |
Week 19 (03 Mar - 09 Mar) |
Workshop |
Market Failure: Inequality Learning outcomes: L01, L02, L04, L05 |
Week 20 (10 Mar - 16 Mar) |
Workshop |
Market Failure: Inequality Case Study Market failure 2: Climate change Learning outcomes: L01, L02, L04, L05 |
Week 21 (07 Apr - 13 Apr) |
Workshop |
Inflation Learning outcomes: L01, L02, L04, L05 |
Week 22 (14 Apr - 20 Apr) |
Workshop |
Unemployment Learning outcomes: L01, L02, L03, L04 |
Week 23 (21 Apr - 27 Apr) |
Workshop |
AD/AS Model Learning outcomes: L01, L02 |
Week 24 (28 Apr - 04 May) |
Workshop |
The Monetary and Financial System Learning outcomes: L01, L02, L04, L05 |
Week 25 (05 May - 11 May) |
Workshop |
Monetary Policy Learning outcomes: L01, L02, L04, L05 |
Week 26 (12 May - 18 May) |
Workshop |
Fiscal Policy Learning outcomes: L01, L02, L04, L05 |
Week 27 (19 May - 25 May) |
Workshop |
Microeconomic Reform Learning outcomes: L01, L02, L04, L05 |
Week 28 (26 May - 01 Jun) |
Workshop |
Monetary vs Fiscal Policies: Case Study Learning outcomes: L01, L02, L03, L04, L05 |
Multiple weeks From Week 29 To Week 30 |
Workshop |
Exam Preparation Learning outcomes: L01, L02, L03, L04, L05 |
Policies and procedures
University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:
- Student Code of Conduct Policy
- Student Integrity and Misconduct Policy and Procedure
- Assessment Procedure
- Examinations Procedure
- Reasonable Adjustments - Students Policy and Procedure
Learn more about UQ policies on my.UQ and the Policy and Procedure Library.