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ECONS101-23A (HWC)
Economics for Business and Management
15 Points
Staff
Convenor(s)
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Muhammad Taimur
MS8.G.16
muhammad.taimur@waikato.ac.nz
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Administrator(s)
Librarian(s)
You can contact staff by:
- Calling +64 7 838 4466 select option 1, then enter the extension.
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Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
- For extensions starting with 4: dial +64 7 838 extension.
- For extensions starting with 5: dial +64 7 858 extension.
- For extensions starting with 9: dial +64 7 837 extension.
- For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
What this paper is about
This paper offers insights into the behaviour of consumers, firms, and the government within the economy, giving students skills in analysing and predicting the actions of individuals and businesses. The course is designed in a way that it will be interactive, fun, and reflective as well. The goal is that you will appreciate how private economic agents (businesses and households) respond to incentives as they seek to maximise their objective within a set of constraints that they might face within the wider business environment. Practical application using case studies and data on the New Zealand economy will make this paper fun and relevant as learners get the opportunity to apply the theories and concepts learned in class.
How this paper will be taught
The delivery approach will be a blend of lectures and tutorials and are all going to be online-based. The synchronous online lecture sessions will rely on Zoom technology. There will be opportunities for breakout sessions during the tutorials to allow students to work as a team in problem-solving a given task. Though online, total participation by each learner is expected to make the course fun, engaging, and interactive. There are other resources such as the recommended (free) online textbook (with its downloadable app), Panopto, videos (based on the topic from the Economy Core Textbook), and a host of online and other materials accessible on Moodle. Your attendance and full participation will ensure that you succeed in this paper. You are encouraged to prepare ahead of class as that is always helpful in ensuring your active participation and can greatly improve your understanding of the key concepts to be discussed.
Again, please note that the amount of time and effort you put into this course will have a significant impact on your successful outcome. You are therefore encouraged to take full advantage of all the resources that would be provided in the Moodle. Class sessions and assessment submission deadlines are set based on NZST. Ensure that you have checked what that means for your own country (local) time zone, so you do not miss any assessment submissions.
Required Readings
The CORE Team. (n.d.). The Economy. in the main text for this course
This is a free e-book that can be accessed at https://www.core-econ.org/the-economy/?lang=en and are downloadable as an app from Google Play Store (for android devices) or Windows Store (for Windows 10 devices). The has been developed by economic professors who are experienced and respected in the field of teaching of the subject. The materials are being used by renowned Universities/Institutions globally noted among them are: University College London, Sciences PO (Paris), the Toulouse School of Economics, Azim Premji University (Bangalore), Humboldt University (Berlin), the Lahore University of Management Sciences and a host of other world-class universities.
Learning Outcomes
Students who successfully complete the course should be able to:
Assessments
How you will be assessed
Assessment submission and collection procedure
Assessments will be submitted online via Moodle or in class by the time specified unless stated otherwise.
Late Submission
Work may be handed in up to 24 hours late with the following deductions applying:
- Up to 8 hours late 5%
- Up to 24 hours late 10%
Percentages are based on possible marks. For example, if 100 marks are possible on an assignment and a student's work would have earned an 80 but is submitted 6 hours late, 5% (in this case, 4 marks) would be deducted, resulting in a mark of 76.
The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam.