School of Accounting, Economics and Finance

ECON305: Economic Policy

Subject Outline

Subject Information
Session 2, 2018
Offshore campus, INTI INTERNATIONAL COLLEGE SUBANG

Lecture Information:
To be updated

Pre-requisites: ECON205 OR ECON215

Co-requisites: N/A
Restrictions: None
Contact Hours: 3 hours Lecture plus 1 hour Tutorial
Online Subject Material:

Please refer to the Moodle site for further information

Teaching Staff
Teaching Role Coordinator and Lecturer
Name Dr. Vignes Gopal Krishna
Telephone 03-56232800 Ext 3106
Email Vignesgopal.krishna@newinti.edu.my
Room Room No. 10, Ground Floor, Centre of UOW programs (Block E)
Consultation Times To be confirmed later

ECON305 Subject Outline Session 2, 2018 Page 1 of 15

Email Etiquette: Consultation with your subject coordinator and/or teachers via email
Your teachers receive many emails each day. In order to enable them to respond to your emails appropriately
and in a timely fashion, students are asked to observe basic requirements of professional communication:

Consider what the communication is about

 Is your question addressed elsewhere (e.g. in this subject outline or, where applicable, on the subject's
eLearning site)?
 Is it something that is better discussed in person or by telephone? This may be the case if your query
requires a lengthy response or a dialogue in order to address. If so, see consultation times above and/or
schedule an appointment.
 Are you addressing your request to the most appropriate person?

Specific email title/ header to enable easy identification of subject related/ student emails

 Identify the subject code of the subject you are enquiring about (as your teacher may be involved in
more than one subject) in the email header. Add a brief, specific header after the subject code where
appropriate

Professional courtesy

 Address your teacher appropriately by name (and formal title if you do not yet know them).
 Use full words (avoid 'text-speak' abbreviations), correct grammar and correct spelling.
 Be respectful and courteous.
 Academics will normally respond within 1-2 business days. If the matter is urgent, you may wish to
telephone the teaching staff whose contact details are given in this subject outline or contacting the
School.
 Please ensure that you include your full name and identify your seminar or tutorial group in your email
so that your teachers know who they are communicating with and can follow-up personally where
appropriate.

A guide to eLearning 'Netiquette' is available at

https://www.uow.edu.au/student/elearning/netiquette/index.html. The basic principles of Netiquette also apply
to email communication.

Copyright
Commonwealth of Australia

Copyright Regulations 1969

© 2017 University of Wollongong

The original material prepared for this guide is covered by copyright. Apart from fair dealing for the purposes of
private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by
any process without written permission.

ECON305 Subject Outline Session 2, 2018 Page 2 of 15

Table of Contents

Section A: General Information .......................................................................................................................... 4

Learning Outcomes ............................................................................................................................................ 4
Course Learning Outcomes ........................................................................................................................... 4
Student Learning Outcomes .......................................................................................................................... 4
Subject Description ....................................................................................................................................... 4
Readings, References and Materials .................................................................................................................. 4
Major Text(s) ................................................................................................................................................ 4
Key References ............................................................................................................................................. 4
Recommended Background and Further Reading ......................................................................................... 4
Additional Materials ..................................................................................................................................... 4
Lectures, Tutorials and Attendance Requirements ............................................................................................ 5
Lecture Times * ............................................................................................................................................ 5
Lecture Program * ......................................................................................................................................... 5
Tutorial/Seminar/Workshop Times ............................................................................................................... 6
Tutorial/Seminar/Workshop Program ........................................................................................................... 6
Attendance Requirements .................................................................................................................................. 6
Updates to Subject ............................................................................................................................................. 6
Extraordinary Changes to the Subject Outline ................................................................................................... 7
Section B: Assessment .......................................................................................................................................... 8
Assessment Summary ........................................................................................................................................ 8
UOW Grade Descriptors ............................................................................................................................. 10
Assessment Learning Outcome Matrix ............................................................................................................ 11
Minimum Performance Requirements ............................................................................................................. 11
Types of Assessment and Collaboration .......................................................................................................... 12
Submission, Retention and Collection of Written Assessment ........................................................................ 12
Submitting Assessment Tasks ..................................................................................................................... 12
Extensions ................................................................................................................................................... 12
Faxing, Posting and Emailing Assessment Work ....................................................................................... 13
Late Submission of Assessment Tasks........................................................................................................ 13
Collection .................................................................................................................................................... 13
Data Retention and Use............................................................................................................................... 13
Scaling ............................................................................................................................................................. 13
Supplementary Assessment ............................................................................................................................. 13
Student Complaints Policy ............................................................................................................................... 14
Assessment Quality Cycle ............................................................................................................................... 14
Assurance of Learning (What will students learn in their degree?) ................................................................. 14
Academic Integrity and Plagiarism .................................................................................................................. 14
Plagiarism Prevention ................................................................................................................................. 14
Referencing ...................................................................................................................................................... 15
Why do you need to reference? ................................................................................................................... 15
The Harvard System of Referencing ........................................................................................................... 15
Citation of Internet Sources ........................................................................................................................ 15
Section C: General Advice for Students ................................................................Error! Bookmark not defined.

ECON305 Subject Outline Session 2, 2018 Page 3 of 15

Section A: General Information
Learning Outcomes

Course Learning Outcomes

Course Learning Outcomes can be found in the Course Handbook

https://www.uow.edu.au/handbook/yr2016/index.html.

Student Learning Outcomes

On successful completion of this subject, students will be able to:

1. Explain trends in government sector growth in many market based economies over the last 100 years.
2. Demonstrate an understanding of the economics of market failures involving the provision of public
goods and the production of negative externalities
3. Demonstrate an understanding of some of the important economic issues surrounding the public
provision of education.
4. Critically evaluate arguments for and against the government provision of social security.
5. Demonstrate a sound understanding of the economic principles required to minimise the adverse
efficiency and equity effects of taxation and redistribution

Subject Description

This subject introduces students to some of the important microeconomic policy issues facing governments in
Australia and overseas. Government policy makers face questions such as how to best respond to various forms
of market failure, how to best promote a competitive national economic environment and how to design taxation
policies to minimise adverse efficiency and equity effects. This subject introduces students to these issues in
detail and sets out the current economic thinking with regard to such questions. Students will be required to
analyse applied research from the economics literature and draw on material from related areas from other
subjects in their degree.

Readings, References and Materials

Major Text(s)

Rosen, H. and T. Gayer (2010). Public Finance (Ninth Edition), McGraw-Hill.

Textbook details are available online from the University Bookshop at https://unicentre.uow.edu.au/unishop/

Key References

Abelson, P. (2008). Public Economics: Principles and Practice, 2rd edition. McGraw Hill.

Recommended Background and Further Reading

This is not an exhaustive list of references. Students should also use the library catalogue and databases to locate
additional resources.

Additional Materials

Lecture notes and tutorial questions will be available from the subject Moodle site. Some journal articles will
also be analysed in tutorials. These will be accessible either from the University library via ereadings or from
the subject Moodle site.

ECON305 Subject Outline Session 2, 2018 Page 4 of 15

Lectures, Tutorials and Attendance Requirements

Lecture’s Venue Times *

To be confirmed later

Lecture Program *

Topics Covered Readings

Review of subject outline Subject Outline
1
Welfare Economics RG chapter 3
2 Public Goods RG chapter 4
3 Externalities RG chapter 5
4 Mid-session test 1 Review of covered chapters
4 The Health Care Market RG chapter 9
Education
5 RG chapter 7

Political Economy
6 RG chapter 6
Review for the midsession exam
7 Mid-session test 2 Up to the covered chapters
8 Income Redistribution RG chapter 12
Taxation and Income
9 RG chapter 14
Redistribution
10 Taxation and Efficiency RG chapter 15
11 Efficient and Equitable Taxation RG chapter 16

12 Taxation in practice RG chapters 17,19 and 21

13 Review for the final exam

14 Revision
15 Final Examination

*Students will be notified of the changes if any via Moodle site.

ECON305 Subject Outline Session 2, 2018 Page 5 of 15

Tutorial/Seminar/Workshop Times

To be confirmed later

Tutorial/Seminar/Workshop Program

Topics Covered Activities

1 No tutorial

2 Welfare Economics Discussion, Quizzes or Tutorials

3 Public Goods Discussion, Quizzes or Tutorials

4 Externalities Discussion, Quizzes or Tutorials

5 The Health Care Market Discussion, Quizzes or Tutorials

6 Education Discussion, Quizzes or Tutorials

7 Mid-session test
8 Political Economy Discussion, Quizzes or Tutorials
9 Income Redistribution Discussion, Quizzes or Tutorials

10 Taxation and Income Distribution Discussion, Quizzes or Tutorials

11 Taxation and Efficiency Discussion, Quizzes or Tutorials

12 Efficient and Equitable Taxation Discussion, Quizzes or Tutorials

13 Taxation in practice Discussion, Quizzes or Tutorials

14 Revision
15 Final Examination

The above program may be subject to change.

Attendance Requirements

The Faculty of Business expects all students to attend lectures and tutorials as we strongly believe that students
who attend lectures and tutorials usually learn more and perform better in assignments and examinations.

Updates to Subject

The School is committed to continual improvement in teaching and learning. In assessing teaching and learning
practices in a subject, the School takes into consideration student feedback from many sources. These sources
include direct student feedback to tutors and lecturers, feedback through Student Services and Business Central,
and responses to the Subject and Course Evaluation Surveys. These important student responses, along with
University policies and Faculty practices inform ongoing changes to subjects and courses. This information is
also used to inform systemic comprehensive reviews of subjects and courses.

ECON305 Subject Outline Session 2, 2018 Page 6 of 15

While every effort is made to keep the subject database current, students may find that occasionally, the
assessment information in the subject outline differs from the information on the subject database. In such
instances, the Subject Coordinator will make appropriate announcements in the first class of the session.

Extraordinary Changes to the Subject Outline

In extraordinary circumstances the provisions stipulated in this Subject Outline may require amendment after
the Subject Outline has been distributed. All students enrolled in the subject must be notified and have the
opportunity to provide feedback in relation to the proposed amendment, prior to the amendment being finalised.

ECON305 Subject Outline Session 2, 2018 Page 7 of 15

Section B: Assessment
Assessment Summary

Assessment Item Form of Assessment %

Assessment 1 Essay 20%
Assessment 2 In session tests – Individual tests 5%
Assessment 3 In session tests – Group tests 5%
Assessment 4 In session test – Mid-session test 20%
Assessment 5 Final exam 50%
TOTAL MARKS 100%

Assessment 1: Essay
Marking Criteria The essay will be marked according the following criteria
1. Demonstrated research effort
2. Capacity to answer the question
3. Demonstrated understanding of subject matter
4. Original insight of student
Length 2000 to 3000 words
Weighting 20%
Assessment Due Will be updated later
Type of Collaboration Individual assessment
Style and format Use 1.5-line spacing; font Times New Roman; font size 12; 2.5 cm margin
on all sides. Please include the following information: name, student ID.
Assessment submission Online via Moodle

This assessment task has been set up to be checked by Turnitin, a tool for
checking if it has unreferenced content. You can submit your assessment task
to Turnitin prior to the due date and Turnitin will give you an originality
report. You can then make any changes that may be required and re-submit
your final version by the due date.
Assessment return Will be updated later
Detailed information Detailed information on the topic of the essay will be provided in Moodle
site.

ECON305 Subject Outline Session 2, 2018 Page 8 of 15

Assessment 2: In session tests - Individual tests
Marking Criteria Based on the selected correct response
Length 10 minutes for completion
Weighting 5%
Assessment Due (In lecture in Session Week 2)
(In lecture in Session Week 3)
(In lecture in Session Week 4)
(In lecture in Session Week 5)
(In lecture in Session Week 7)
(In lecture in Session Week 8)
(In lecture in Session Week 9)
(In lecture in Session Week 11)
(In lecture in Session Week 12)
(In lecture in Session Week 13)
Type of Collaboration Individual assessment
Style and format 10 multiple choice questions per test. Closed book.
Assessment submission Submit to the lecturer
Assessment return During the lecture
Detailed information Beginning week 2, you will be required to individually complete a
short multiple choice test based on the previous week's lecture material. Each
week's individual test shall contribute a maximum of 0.5% to the students'
final mark.

Please note: each individual test shall we worth 0.5% of your final mark and
hence this component shall contribute up to 5% to your final mark.

Assessment 3: In session tests - Team in-lecture tests

Marking Criteria Based on the selected correct response
Length 10 minutes for completion
Weighting 5%
Assessment Due (In lecture in Session Week 2)
(In lecture in Session Week 3)
(In lecture in Session Week 4)
(In lecture in Session Week 5)
(In lecture in Session Week 7)
(In lecture in Session Week 8)
(In lecture in Session Week 9)
(In lecture in Session Week 11)
(In lecture in Session Week 12)
(In lecture in Session Week 13)
Type of Collaboration Group work
Style and format Multiple choice questions. Closed book. Collaboration within teams
recommended.
Assessment submission Submit to the lecturer
Assessment return During the lecture
Detailed information Each week, at the completion of the in-lecture individual test, teams formed
during week 1 of session shall re-consider each of the multiple choice
questions of the individual in-lecture test and agree on a set of team
answers. Each team answer set shall contribute a maximum of 0.5% to the
final mark

ECON305 Subject Outline Session 2, 2018 Page 9 of 15

 Please note: this component shall contribute up to 5% to your final mark.

Assessment 4: In session tests – Mid-session test 2

Marking Criteria Based on the ability of sthdents in answering the questions
Length 100 minutes
Weighting 20%
Assessment Due Will be updated later
Type of Collaboration Individual assessment
Style and format The test will consist of numerical problems and essay type questions. This
test will cover the chapters from Week (1 to 6)
Assessment submission Hardcopy submission
Assessment return Within 3 weeks of the completion of the examination.
Detailed information
Details will be provided to the students via Moodle.

Assessment 5: Final exam - Final examination

Marking Criteria Based on the ability of students in answering the questions.
Length 3 hours
Weighting 50%
Assessment Due Will be updated later
Type of Collaboration Individual assessment
Style and format The exam will consist of numerical problems and essay type questions and
will cover all the material presented in lectures and tutorials during the
semester.
Detailed information

UOW Grade Descriptors

The UOW Grade Descriptors are general statements that communicate what our grades represent, in terms of
standards of performance, and provide a frame of reference to ensure that assessment practice across the
University is appropriate, consistent and fair. Grade Descriptors are expressed in general terms so that they are
applicable to a broad range of disciplines. For more information on the UOW grade descriptors see:
https://www.uow.edu.au/curriculum-transformation/aqc/uowgradedescriptors/index.html

ECON305 Subject Outline Session 2, 2018 Page 10 of 15

Assessment Learning Outcome Matrix

Measures - Assessment weighting

Individual Team in-
Research Midsession Final
in-lecture lecture
Learning Outcomes Report Exam examination
tests tests

(20%) (5%) (5%) (20%) (50%)

Explain trends in government sector growth
in many market based economies over the ✔ ✔ ✔ ✔
last 100 years.
Demonstrate an understanding of the
economics of market failures involving the
provision of public goods and the production ✔ ✔ ✔ ✔
of negative externalities
Demonstrate an understanding of some of
the important economic issues surrounding ✔ ✔ ✔ ✔
the public provision of education.
Critically evaluate arguments for and against
the government provision of social security. ✔ ✔ ✔ ✔ ✔

Demonstrate a sound understanding of the

economic principles required to minimise
the adverse efficiency and equity effects of ✔ ✔ ✔
taxation and redistribution

Minimum Performance Requirements

To be eligible to pass this subject, students must complete all assessment tasks for this subject. In addition, you
must achieve a total mark of 50% or over and obtain a minimum of 50% in the final examination or major piece
of assessment (where there is no final exam). Students who do not meet these minimum performance level
requirements will be given a Fail grade (F) on their Academic Transcript, in accordance with the General
Course Rules.

Where a student gains a mark of 50 or greater and does not meet the specified level in an assessment task
required to pass the subject a Technical Fail (TF) grade will be given. Where a Technical Fail is given the
following applies:

a. Failure of the subject;

b. a TF without a mark will be granted;
c. a TF will be presented on the student's academic transcript;
d. The allocated mark of 49 will be used as the WAM calculation for subjects at all levels.

Failure to complete all assessment tasks will normally result in failure of the entire subject, other marks
notwithstanding.

Students should note that UOW policy equates 1 credit point with 2 hours of study per week that includes
lectures and tutorials/workshops/practical. For example, in a 6 credit point subject, a total of 12 hours of study
per week is expected.

ECON305 Subject Outline Session 2, 2018 Page 11 of 15

Students who fail a subject may be eligible for a supplementary exam depending on the final mark obtained for
the subject and the final exam mark, or for other extenuating circumstances as approved by the relevant Head of
School and Faculty Assessment Committee in line with University of Wollongong and Faculty of Business
guidelines. Students who believe they may be eligible, and who have not already been advised accordingly,
should consult their lecturer or subject coordinator.

Types of Assessment and Collaboration

Collaboration between students during the preparation of subject assessment tasks or case studies is only
permitted dependent upon the category of assessment task declared by the subject coordinator and as printed in
the Subject Outline.

Type 1 - Take home exams: No collaboration of any kind is permitted between students or anyone else during
formation and preparation of the contents of the student submission.

Type 2 - Group work: Collaboration is permitted between students in the same group but not with students in
other groups.

Type 3 - Individual assessment: Collaboration is permitted between students only in the form of general
discussion pertaining to relevant concepts or potential issues to be dealt with in completing the assessment.
However, collaboration must not proceed to the point where it contributes directly to the final submission
produced by the student. Joint planning of the actual contents of a student's submission is not permitted. Where
the assessment requires formulation of a set of recommendations, a problem solution, or a specific course of
action, collaboration is not permitted during their formulation. Needless to say, collaboration is not permitted
during the actual preparation and writing of the student submission.

Type 4 - Open assessment: Collaboration with other students is permitted, subject to the normal rules governing
plagiarism. That is, direct use of ideas contributed by others must be acknowledged.

Type 5 - Individual assessment and group work: Collaboration is permitted with other members of your group,
but not with other groups for the group work component. No collaboration is permitted with other members of
your group for the individual component.

Submission, Retention and Collection of Written Assessment

Assessed work must be handed in by the date and time listed under each assessment task. All assessment tasks
must represent the enrolled student's own ORIGINAL work and must not have been previously submitted for
assessment in any formal course of study.

If a student does not attend a required in-session test/examination, and also fails to produce satisfactory medical
or other reasons for this (See Section C: General Advice for Students), a deferred examination will NOT be
offered, and the student may be deemed to have failed the subject, other marks notwithstanding.

Submitting Assessment Tasks

Students are required to submit original work which will provide a basis for the certification of competence in
this subject. These assessments may include: examinations, tests, take-home examinations, quizzes,
assignments, essays, laboratory reports, demonstrations, folio of creative works, performances, tutorial
presentation and participation.

Extensions

Extensions of time to submit material for assessment can only be requested in advance of the due date for an
assessment activity through the Academic Consideration process on SOLS. For more information please refer to
the Student Academic Consideration Policy at: http://www.uow.edu.au/about/policy/UOW058721.html

A Faculty of Business assignment cover sheet must be attached to each piece of written assessment task. This
cover sheet can be obtained from the website: https://business.uow.edu.au/businesscentral/UOW155483.html.
Students should ensure they receive a receipt of submission and retain this for proof of submission.

ECON305 Subject Outline Session 2, 2018 Page 12 of 15

Faxing, Posting and Emailing Assessment Work

Students may not e-mail, post or fax assessment tasks unless specifically requested by or with the prior approval
of the subject coordinator.

Late Submission of Assessment Tasks

Assessed work submitted late will be penalised by the deduction of 10 percent of the maximum possible mark
for that assessment per working day or part thereof. The operation of this rule will not result in a negative mark
being carried forward.

This penalty for late submission may be waived upon presentation of a medical certificate of illness for a
relevant period, or upon evidence of untoward or approved circumstances that fall under the Student Academic
Consideration Policy (See Section C: General Advice for Students).

Collection

Assessment items will normally be returned to students within three (3) weeks of the due date. Assessment tasks
which are relevant to the final examination for the subject will be marked and available for collection prior to
the study week before the final examination.

Data Retention and Use

The Faculty of Business will retain appropriate records in line with the State Records Act 1998 (NSW), other
relevant legislation, standards and University of Wollongong policies.

Data on student performance and engagement (such as Moodle and University Library usage, task marks, use of
SOLS) will be available to the Subject Coordinator to assist in analysing student engagement, and to identify
and recommend support to students who may be at risk of failure. If you have questions about the kinds of data
the University uses, how we collect it, and how we protect your privacy in the use of this data, please refer to
https://www.uow.edu.au/dvca/bala/analytics/index.html

Please note: Copies of student work may be retained by the University in order to facilitate quality assurance of
assessment processes.

Scaling

Marks awarded for any assessment task or part of any assessment task, including an examination may be subject
to scaling at the end of the session. Marks will be scaled only when unpredicted circumstances occur and in
order to ensure fairness of marking across groups of students. The method of scaling will depend on the type of
scaling required by the circumstances. When scaling is deemed necessary, it will follow a detailed consideration
by the Unit Assessment Committee and/or the Faculty Assessment Committee of the marks of the group of
students concerned. Scaling will not affect any individual student's rank order within their cohort. For more
information please refer to Standards for the Finalisation of Student Results Schedule 1: Scaling Guidelines
https://www.uow.edu.au/about/policy/UOW039331.html for details.

Supplementary Assessment

Supplementary assessment may be offered to students whose performance in this subject is close to that required
to pass the subject, and are otherwise identified as meriting an offer of a supplementary assessment. The Subject
Coordinator will determine the precise form of supplementary assessment at the time the offer of a
supplementary is made. In some circumstances you may be offered a supplementary exam. For more
information about Supplementary Exams refer to: http://www.uow.edu.au/student/exams/aboutsupp/index.html

ECON305 Subject Outline Session 2, 2018 Page 13 of 15

Student Complaints Policy

In accordance with the Coursework Student Academic Complaints Policy, a student may request an explanation
of a mark for an assessment task or a final grade for a subject consistent with the student's right to appropriate
and useful feedback on their performance in an assessment task. Refer to the Coursework Student Academic
Complaints Policy for further information - http://www.uow.edu.au/about/policy/UOW058653.html

Assessment Quality Cycle

The University of Wollongong is committed to the quality assurance and quality enhancement of assessment.
The University will meet its legislative and regulatory obligations, to ensure consistent and appropriate
assessment through course management and coordination, including assessment quality assurance procedures.
An Assessment Quality Cycle is used to describe quality assurance at the points of assessment design,
assessment delivery, the declaration of marks and grades, and review and improvement activities.

Assurance of Learning (What will students learn in their degree?)

The Faculty of Business ensures each degree has specified course learning outcomes which assure that students
attain knowledge, skills and competencies at the appropriate qualification level. These course learning outcomes
align with the curriculum. These are evaluated through existing assessment tasks within subjects.
The Faculty uses Assurance of Learning (AOL) to assess how students meet the specified course learning
outcomes and how well our graduates have achieved these. AOL collects and analyses student results data to
continuously improve degrees offered by the Faculty which leads to improved student learning.

Academic Integrity and Plagiarism

The University's Academic Integrity and Plagiarism Policy, faculty handbooks and subject guides clearly set out
the University's expectation that students submit only their own original work for assessment and avoid
plagiarising the work of others or cheating. Re-using any of your own work (either in part or in full) which you
have submitted previously for assessment is not permitted without appropriate acknowledgement. Plagiarism
can be detected and has led to students being expelled from the University.

The use by students of any website that provides access to essays or other assessment items (sometimes
marketed as 'resources'), is extremely unwise. Students who provide an assessment item (or provide access to an
assessment item) to others, either directly or indirectly (for example by uploading an assessment item to a
website) are considered by the university to be intentionally or recklessly helping other students to cheat.
Uploading an assessment task, subject outline or other course materials without express permission of the
University is considered academic misconduct and students place themselves at risk of being expelled from the
University.

Students should visit the following University website and become familiar with the University's policy on
plagiarism https://www.uow.edu.au/about/policy/UOW058648.html

Plagiarism Prevention

The Faculty of Business has introduced an e-learning module which aims to orientate you with the knowledge
and resources to:

 avoid problems related to plagiarism

 develop your capacity to integrate evidence into your arguments
 reference correctly.

The online module is openly available for use by students at any stage in their degree. You are strongly
encouraged to use the module to help in assessing the academic integrity of your written work. The module can
be accessed via https://moodle.uowplatform.edu.au/course/view.php?id=5679

ECON305 Subject Outline Session 2, 2018 Page 14 of 15

Referencing

Why do you need to reference?

At university it is necessary to acknowledge the sources of information and ideas that you have incorporated in
your assessment tasks. Failure to do this thoroughly may result in accusations of plagiarism: this is the academic
equivalent of stealing (because by not acknowledging someone else's work, you are presenting it as your own).
Plagiarism is taken very seriously by the University and may result in expulsion from the University.

Referencing is not only about acknowledging other people's work; accurate referencing and lists of references
are beneficial when researching a topic as they allow the reader to follow up information and read further in the
area. In a sense, references provide readers with clues to help them explore different avenues of a topic. This
aspect of referencing will become more valuable to you as you progress in your studies.

There is a correct procedure that must be followed when referencing and using footnotes. Not complying with
these set techniques and format will most likely result in loss of marks. When writing an essay it is easiest to
reference as you go, making sure you are writing down all relevant information. This will save hours trying to
find the source again in the library.

The Harvard System of Referencing

The Faculty of Business uses the Harvard system of referencing. This system makes use of short references
within the body of the text. It is supplemented by a detailed list of references at the end of the text, which
provides all the information necessary to find the source material. In-text references include the author and year
of publication, and where necessary the page number(s).

It is the responsibility of students to ensure that they are familiar with the Harvard system of referencing and
that they use it accurately in all written work submitted.

Students should consult the following University Library website for a detailed explanation and examples of the
Harvard system of referencing https://www.library.uow.edu.au/resourcesbytopic/UOW026621.html

A referencing and citing guide is also available via the University Library website:
http://uow.libguides.com/refcite

Citation of Internet Sources

It is necessary for students to reference all sources used in their written work, including file transfer protocol
sites, worldwide web sites, telnet sites, synchronous communications (MOOs, MUDs, IRC, etc.) GOPHER
sites, and email, Listserv and Newsgroup citations.

It is the responsibility of students to ensure that they are familiar with the accepted Faculty of Business practice
for referencing electronic material and that they use it accurately in all written work submitted.

Students should consult the following University Library website for a detailed explanation and examples of
how to reference electronic material:
http://uow.libguides.com/refcite

ECON305 Subject Outline Session 2, 2018 Page 15 of 15