316-327 Business Applications of Economics

316-202 Intermediate Microeconomics.

The subject will study methods and approaches for applying economic theory and quantitative techniques in business environments. Lectures in the subject will cover topics relating to planning a group research project, bibliographic skills, ethics in research, the application of economic theory and quantitative methods, effective presentation of data, writing a research report, and oral presentations of research reports. The main part of assessment for this course will involve groups of students undertaking business-oriented research projects. Workshop sessions in the course will provide a forum for evaluation of work-in-progress on the research projects.

• High level of development: problem solving; application of theory to practice; interpretation and analysis; critical thinking; receptiveness to alternative ideas.

• Moderate level of development: oral communication; written communication; synthesis of data and other information; evaluation of data and other information; accessing data and other information from a range of sources.

• Some level of development: collaborative learning; team work; statistical reasoning; use of computer software.

A 2-hour end-of-semester examination (40%) and a written report and presentation (60%). The assessment for the research report will be allocated to the group of students writing the report. To pass the subject students must achieve a pass in each component of assessment.