BUSINESS 115 : Economics, Markets and Law

Business and Economics

2021 Semester One (1213) (15 POINTS)

Course Prescription

Considers how the economic and legal environment affects individuals, businesses, markets and the global economy. Explores the meaning and impact of price fluctuations, interest rate changes, exchange rate movements and balance of payments problems, standard of living comparisons, regional trading agreements, and regulatory and legal mechanisms and constraints.

Course Overview

The course content will be accessible to students with no prior exposure to economic and legal concepts or frameworks. Basic knowledge of legal environment and economics is essential to be informed voters and citizens and to make sense of the world around us. This course will provide an overview of New Zealand's legal system and institutions as well as economic and social issues that are routinely encountered in daily discussion of events in the media, with the main theme of "How we can be a resilient organisation". 

The course is designed to provide essential disciplinary knowledge and practice, as well as to expose you to the other graduate profile capabilities. For example, when applying the analytical tools to major developments and challenges in the global economy (such as climate change, population ageing, the rise of tech giants, and etc.), you get a training of critical thinking as well as a deep understanding of social and environmental responsibility; by seeking out solutions to open-ended questions, you are expected to make thoughtful and independent judgement; by writing essays on New Zealand legal environment as well as current economic and social issues, you improve your writing skills that are crucial in the modern-day work-place.

Course Requirements

Restriction: ECON 101, 111, 151, 151G, 191

Capabilities Developed in this Course

Capability 1: Disciplinary Knowledge and Practice
Capability 2: Critical Thinking
Capability 3: Solution Seeking
Capability 4: Communication and Engagement
Capability 5: Independence and Integrity
Capability 6: Social and Environmental Responsibilities
Graduate Profile: Bachelor of Commerce

Learning Outcomes

By the end of this course, students will be able to:
  1. Explain the legal environment for business in New Zealand, including sources of law, constitution, structure of government, New Zealand Bill of Rights Act and legislative process (Capability 1 and 4.2)
  2. Articulate the nature, legal standing and significance of the Treaty of Waitangi for business practices as well as explain the basic rules of the Commerce Act in relation to competition in a business context (Capability 3 and 4.2)
  3. Apply the economic and legal principles and analytical tools to a wide range of current issues and discuss their implications to individuals and organizations (Capability 1, 3 and 4.1)
  4. Develop and assess the alternative options for welfare-impoving public policies (Capability 2 and 3)
  5. Develop a concise and structured essay on current issues, synthesising different perspectives and critically evaluating alternative approaches (Capability 4.2 and 6)
  6. Evaluate regularly and independently your own role as active knowledge co-creator in the learning process (Capability 5.1 and 5.2)

Assessments

Assessment Type Percentage Classification
Quizzes 15% Individual Coursework
Peer-reviewed assignment 5% Individual Coursework
Reflections 5% Individual Coursework
Essay 15% Individual Coursework
Final Exam 60% Individual Examination
Assessment Type Learning Outcome Addressed
1 2 3 4 5 6
Quizzes
Peer-reviewed assignment
Reflections
Essay
Final Exam
As a general rule, you will need to score 50% to pass a course. There is no pre-set rule about what you must score on the exam in order to pass this course, as long as your overall mark, when calculated with the weightings described above, is a passing (50% or greater) mark. 

Workload Expectations

This course is a standard 15 point course and students are expected to spend 10 hours per week involved in each 15 point course that they are enrolled in.

For this course, you can expect 3 hours of per-workshop reading and explorations, 2 hours of workshop, 1 hour of tutorial recording, and 4 hours of work on assignments and/or test preparation.

Delivery Mode

Campus Experience

Attendance is expected at scheduled activities including workshop to complete the components of the course.
Workshop will be available as recordings. Other learning activities including tutorials will be available on Canvas as recordings.
The course will not include live online events.
Attendance on campus is required for the exam.
The activities for the course are scheduled as a standard weekly timetable.

Learning Resources

  • Recommended Textbook: Principles of Economics, by Robert Frank and Ben Bernanke, McGraw Hill. The online version is available in the University Library.
  • Additional course materials are posted on Canvas.

Student Feedback

At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.

Your feedback helps teachers to improve the course and its delivery for future students.

Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.

Other Information

Please see additional course information provided on Canvas about how to seek assistance and a number of other frequently asked questions about the course and the assessments.

Digital Resources

Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).

Please remember that the recording of any class on a personal device requires the permission of the instructor.

Academic Integrity

The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. This requirement also applies to sources on the internet. A student's assessed work may be reviewed against online source material using computerised detection mechanisms.

Inclusive Learning

All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.

Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website http://disability.auckland.ac.nz

Special Circumstances

If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.

If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.

This should be done as soon as possible and no later than seven days after the affected test or exam date.

Learning Continuity

In the event of an unexpected disruption we undertake to maintain the continuity and standard of teaching and learning in all your courses throughout the year. If there are unexpected disruptions the University has contingency plans to ensure that access to your course continues and your assessment is fair, and not compromised. Some adjustments may need to be made in emergencies. You will be kept fully informed by your course co-ordinator, and if disruption occurs you should refer to the University Website for information about how to proceed.

Student Charter and Responsibilities

The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html.

Disclaimer

Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.

In this course you may be asked to submit your coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. The final decision on the completion mode for a test or examination, and remote invigilation arrangements where applicable, will be advised to students at least 10 days prior to the scheduled date of the assessment, or in the case of an examination when the examination timetable is published.

Published on 29/11/2020 10:44 a.m.