Unit Synopsis
This unit introduces fundamentals of production function: how to convert inputs (eg resources) into products and services. Topics include cost function, profit function, risk and uncertainty and technological change. The unit builds on the microeconomic theory and help students understand the production decisions made by agricultural and other production industries.
Details
| Level | Undergraduate |
|---|---|
| Unit Level | 1 |
| Credit Points | 6 |
| Student Contribution Band | SCA Band 1 |
| Fraction of Full-Time Student Load | 0.125 |
| Pre-requisites or Co-requisites |
ECON11026 Principles of Economics (prerequisite) Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework). |
| Class Timetable | View Unit Timetable |
| Residential School | No Residential School |
Unit Availabilities from Term 1 - 2026
Attendance Requirements
All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Assessment Tasks
| Assessment Task | Weighting |
|---|---|
| 1. Online Quiz(zes) | 20% |
| 2. Written Assessment | 30% |
| 3. Written Assessment | 50% |
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).
Past Exams
All University policies are available on the Policy web site, however you may wish to directly view the following policies below.
This list is not an exhaustive list of all University policies. The full list of policies are available on the Policy web site .
Term 1 - 2020 : The overall satisfaction for students in the last offering of this course was 33.33% (`Agree` and `Strongly Agree` responses), based on a 12% response rate.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Source: New Unit coordinator's observation from the Term 1 Unit Profile and Unit Moodle site. Have Your Say data could not be accessed to make any meaningful comments.
Nothing could be found in the 2020 Term-1 Unit Profile and Moodle site to add to previous recommendations and action taken by the Unit Coordinator in the previous term.
Note applicable. The unit is being discontinued as from 2021. There was no recommendations for enhancement in the Unit Provide from the previous term.
In Progress
On successful completion of this unit, you will be able to:
- Discuss the economics principles related to production function.
- Apply some economic tools and techniques to modelling production decisions in industry.
- Compare different market structures and demonstrate how each attempts to achieve maximum profit.
NA
| Assessment Tasks | Learning Outcomes | ||
|---|---|---|---|
| 1 | 2 | 3 | |
| 1 - Online Quiz(zes) | • | ||
| 2 - Written Assessment | • | • | |
| 3 - Written Assessment | • | • | • |
| Graduate Attributes | Learning Outcomes | ||
|---|---|---|---|
| 1 | 2 | 3 | |
| 1 - Communication | • | • | • |
| 2 - Problem Solving | • | • | • |
| 3 - Critical Thinking | • | • | • |
| 4 - Information Literacy | • | • | • |
| 6 - Information Technology Competence | • | • | • |
| Assessment Tasks | Graduate Attributes | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 10 | |
| 2 - Written Assessment | • | • | • | • | • | ||||||
| 3 - Written Assessment | • | • | • | • | • | ||||||
| 1 - Online Quiz(zes) | • | • | • | ||||||||