Week 1 Part 1

00:57:14
https://www.youtube.com/watch?v=Ra3VdUvA4Mc

Summary

TLDRAlberto Ma, seorang profesor di UNSW, menyambut pelajar ke dalam kursus ECON 101, menekankan fleksibiliti dan sokongan dalam struktur kursus. Pelajar boleh menghadiri kelas dalam talian atau secara langsung tanpa peraturan yang ketat. Kursus ini bertujuan untuk mengurangkan tekanan dengan menghapuskan tarikh akhir perantaraan, membolehkan pelajar bekerja mengikut kadar mereka sendiri. Maklum balas digalakkan, dan kursus ini termasuk pendekatan gamifikasi untuk pembelajaran ekonomi. Integriti akademik ditekankan, dengan garis panduan yang jelas terhadap penipuan. Kursus ini juga mempunyai penilaian yang dinilai rakan sebaya untuk meningkatkan pembelajaran dan pemikiran kritis. Secara keseluruhan, fokusnya adalah untuk menjadikan ekonomi dapat diakses dan menarik untuk semua pelajar.

Takeaways

  • 👨‍🏫 Selamat datang ke ECON 101!
  • 📅 Tiada tarikh akhir ketat untuk penilaian.
  • 💻 Fleksibiliti untuk menghadiri kelas dalam talian atau secara langsung.
  • 🤝 Penilaian rakan sebaya untuk meningkatkan pembelajaran.
  • 📚 Terdapat buku teks dalam format PDF.
  • 🛠️ Sumber tambahan seperti bengkel dan program PASS tersedia.
  • 📝 Maklum balas pelajar sangat digalakkan.
  • 🎮 Pendekatan gamifikasi untuk pembelajaran ekonomi.
  • 🔍 Memahami integriti akademik adalah penting.
  • 🌍 Ekonomi berkaitan dengan setiap keputusan yang kita buat.

Timeline

  • 00:00:00 - 00:05:00

    Pengenalan oleh Profesor Alberto Ma, yang menekankan kepentingan kejayaan pelajar dan fleksibiliti dalam kursus. Pelajar digalakkan untuk menghadiri kelas secara langsung atau dalam talian, dan boleh memilih mana-mana bengkel yang mereka mahu.

  • 00:05:00 - 00:10:00

    Profesor Ma menjelaskan tentang interaksi dalam kelas dalam talian, termasuk kelewatan antara video dan chat. Dia menggalakkan pelajar untuk memberi maklum balas dan menyatakan kebimbangan mereka, serta menekankan bahawa kejayaan pelajar adalah keutamaan utama.

  • 00:10:00 - 00:15:00

    Kursus ini tidak mempunyai tarikh akhir yang ketat, membolehkan pelajar menyelesaikan kerja kursus pada kadar mereka sendiri. Profesor Ma percaya bahawa pelajar mampu menguruskan masa mereka dengan baik dan menawarkan bantuan jika ada yang mengalami masalah dengan penangguhan.

  • 00:15:00 - 00:20:00

    Kursus ini memanfaatkan saiz besar pelajar untuk meningkatkan pengalaman pembelajaran. Penilaian termasuk SAQ (Soalan Jawapan Pendek) yang akan dinilai oleh rakan sebaya, yang bertujuan untuk mengembangkan kemahiran memberi dan menerima maklum balas.

  • 00:20:00 - 00:25:00

    Pengenalan kepada laman web Moodle yang akan digunakan untuk komunikasi dan pengumuman kursus. Pelajar digalakkan untuk memeriksa pengumuman secara berkala dan memahami pentingnya integriti akademik.

  • 00:25:00 - 00:30:00

    Pentingnya memahami apa yang dianggap sebagai plagiarisme dan penipuan akademik, serta akibatnya. Pelajar diingatkan untuk tidak terlibat dalam tingkah laku yang boleh dianggap sebagai penipuan.

  • 00:30:00 - 00:35:00

    Pengenalan kepada 'Pleconomics', laman web yang mengandungi semua bahan kursus dan aktiviti permainan. Pelajar boleh mengaksesnya secara percuma di makmal komputer universiti.

  • 00:35:00 - 00:40:00

    Maklumat tentang cara mendaftar di laman web Pleconomics dan cara menggunakan sumber yang tersedia. Pelajar digalakkan untuk memanfaatkan makmal komputer dan sumber lain yang disediakan.

  • 00:40:00 - 00:45:00

    Penjelasan tentang penilaian dalam kursus, termasuk SAQ dan aktiviti pilihan berganda. Pelajar diberi kebebasan untuk memilih cara mereka ingin mendapatkan markah dalam kursus.

  • 00:45:00 - 00:50:00

    Pentingnya program PASS yang membolehkan pelajar senior membantu pelajar junior dengan kerja kursus dan masalah lain. Ini adalah peluang untuk mendapatkan bantuan tambahan dalam suasana yang lebih santai.

  • 00:50:00 - 00:57:14

    Pengenalan kepada konsep asas ekonomi, termasuk bagaimana setiap keputusan yang kita buat adalah keputusan ekonomi. Profesor Ma menekankan bahawa ekonomi berkaitan dengan semua aspek kehidupan dan keputusan yang kita buat.

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Mind Map

Video Q&A

  • What is the main objective of the course?

    The main objective is to help students succeed and understand economic concepts flexibly.

  • Are there strict deadlines for assignments?

    No, there are no strict deadlines; all assessments are due at the end of the course.

  • Can I attend any workshop or lecture?

    Yes, students can attend any workshop or lecture regardless of their enrollment.

  • What should I do if I have questions during the course?

    Students are encouraged to ask questions in the chat or attend workshops for support.

  • How is academic integrity handled in the course?

    Students must familiarize themselves with academic integrity policies to avoid penalties.

  • What is the peer-marked assessment?

    Students will select a journal article and explain its relation to economic concepts, then mark each other's work.

  • Is there a textbook for the course?

    Yes, there is a textbook available in PDF format and through the Pleconomics website.

  • How can I access the Pleconomics website?

    Students can sign up using their student ID and email as instructed in Moodle.

  • What resources are available for additional help?

    Students can access workshops, office hours, and the PASS program for peer support.

  • What is the focus of the first chapter?

    The first chapter introduces basic economic concepts and decision-making.

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  • 00:00:00
    Hello everyone, welcome to ECON one 101.
  • 00:00:06
    My name is Alberto Ma. I am a professor
  • 00:00:09
    of economics uh in in the school of
  • 00:00:12
    economics and also the deputy director
  • 00:00:15
    of the Shiencia education academy at
  • 00:00:18
    UNSW. You are
  • 00:00:21
    absolutely
  • 00:00:22
    300% 300 billions time welcome. The
  • 00:00:27
    first message is that we really care
  • 00:00:31
    about our students and our first
  • 00:00:32
    objective is to put you in the position
  • 00:00:36
    to uh succeed. Uh we we are really
  • 00:00:39
    thinking about that at all time and we
  • 00:00:42
    have designed the course to be as as
  • 00:00:46
    flexible as possible and as helpful as
  • 00:00:48
    possible for that reason. For example,
  • 00:00:51
    let's have a look at how we do classes.
  • 00:00:54
    So we have these classes uh today and
  • 00:00:58
    then uh we have another online class
  • 00:01:01
    just like this uh later in the
  • 00:01:04
    week and this is the stream that you are
  • 00:01:07
    currently attending and then we are
  • 00:01:09
    going to have a live class on campus
  • 00:01:13
    replicate exactly what I do here but in
  • 00:01:17
    the in the lecture theater in person
  • 00:01:21
    that also is gonna be two uh face-toface
  • 00:01:26
    live lectures per week but effectively
  • 00:01:30
    you can go to any lecture you want. You
  • 00:01:34
    can even if you're not enrolled in that
  • 00:01:36
    particular stream. So if you want
  • 00:01:39
    sometimes to come on campus and get into
  • 00:01:42
    the lecture theater, please do it. If
  • 00:01:45
    you want sometimes to just follow me
  • 00:01:47
    online like we are doing now, uh do it.
  • 00:01:51
    If you want to mix and match, please do
  • 00:01:53
    that. There are no rigid rules in this
  • 00:01:55
    course. We try to eliminate them as much
  • 00:01:59
    as we
  • 00:02:01
    can. It's also uh important to keep in
  • 00:02:06
    mind that we extend this same philosophy
  • 00:02:09
    to our workshops.
  • 00:02:11
    uh you probably have been enrolled at
  • 00:02:15
    this point into a specific workshop, but
  • 00:02:19
    in reality we offer full flexibility
  • 00:02:22
    there as well. You can go to any
  • 00:02:25
    workshop that you
  • 00:02:27
    want, even someone even a workshop that
  • 00:02:30
    you're not enrolled in. And you can go
  • 00:02:33
    to these workshops to as many of them as
  • 00:02:36
    you want. If you want to go every day to
  • 00:02:40
    a workshop, you can. We even have an
  • 00:02:42
    online workshop. The idea is that we
  • 00:02:46
    don't want to link you to a particular
  • 00:02:50
    time or day all the time. We give you
  • 00:02:54
    flexibility so that you can use this
  • 00:02:57
    resource as much as possible. If you
  • 00:03:00
    have a lot of questions one week, you
  • 00:03:03
    can go to multiple of our workshops. And
  • 00:03:06
    speaking of workshops, we're very proud
  • 00:03:08
    of the team we put together. As I was
  • 00:03:11
    telling you, Josh is not only an
  • 00:03:13
    excellent academic students, um, but
  • 00:03:17
    also someone that really really care
  • 00:03:19
    about about the course and about the
  • 00:03:21
    students coming into the course. And all
  • 00:03:24
    our demonstrators are actually selected
  • 00:03:27
    to be like Josh, not only very good
  • 00:03:30
    academically, but also really ready and
  • 00:03:33
    willing to help out people that care. So
  • 00:03:37
    please take the workshops
  • 00:03:40
    opportunity as much as you can and don't
  • 00:03:43
    worry too much if you are not always
  • 00:03:46
    going uh to your allocated workshop
  • 00:03:48
    because the flexibility is part of um of
  • 00:03:53
    of the experience that we want to have
  • 00:03:55
    here. Speaking of
  • 00:03:57
    feedback, during the the live class, I
  • 00:04:01
    will keep an eye on the the chat, we are
  • 00:04:07
    going to also uh post a recording of
  • 00:04:12
    this live uh online class on the YouTube
  • 00:04:16
    page. So, if you by any chance cannot
  • 00:04:20
    follow me in real time one day, well, no
  • 00:04:25
    worries. We have a recording there.
  • 00:04:27
    Again, trying to get as flexible as
  • 00:04:29
    possible. We know that we are very busy.
  • 00:04:31
    Some of you are taking a lot of courses.
  • 00:04:34
    Some of you are even taking a lot of
  • 00:04:36
    courses plus doing some work part-time.
  • 00:04:39
    We we do understand that the days are
  • 00:04:42
    very intense. Our objective here is to
  • 00:04:44
    make your life as easy as possible and
  • 00:04:47
    to get you to be exposed to the economic
  • 00:04:50
    concepts that that we care about.
  • 00:04:55
    Very good. Now testing our interaction.
  • 00:04:58
    Let me just say that there is a little
  • 00:05:00
    bit of delay between the image that you
  • 00:05:03
    see me that that you see on YouTube and
  • 00:05:07
    the speed at which I read the chat. So
  • 00:05:10
    my image reaches you with a bit of a
  • 00:05:13
    delay. Um so when I'm reading the the
  • 00:05:16
    the chat, I do that in real time, but
  • 00:05:19
    you only see me with with that delay.
  • 00:05:22
    The way I'm running uh this course and
  • 00:05:25
    when I look at that camera, the way I'm
  • 00:05:28
    imagining it is that I've got maybe 400
  • 00:05:33
    students listening to me. For for some
  • 00:05:35
    of you, this is will be the first
  • 00:05:37
    experience at uni and that brings a lot
  • 00:05:40
    of stress. So, if you're nervous, know
  • 00:05:43
    that it's completely normal. Lots of
  • 00:05:45
    people will be nervous at this point,
  • 00:05:47
    but we are here to help you succeed. My
  • 00:05:51
    first objective is not necessarily to
  • 00:05:54
    teach you incredible things about
  • 00:05:56
    economics as a first step. The first
  • 00:05:58
    step is making sure that you get the
  • 00:06:00
    mark that you need and that you want
  • 00:06:03
    from this uh subject. Then once I make
  • 00:06:08
    sure that you are absolutely in the best
  • 00:06:10
    position to achieve what you want, I'm
  • 00:06:13
    going to try to sneak in as much
  • 00:06:14
    economic as possible and really try to
  • 00:06:17
    sell the idea that economics is amazing
  • 00:06:19
    and it's a worldchanging discipline that
  • 00:06:22
    you should think about for your career
  • 00:06:24
    and maybe even your studies if you are
  • 00:06:27
    not already enrolled as as an economist
  • 00:06:30
    to in this course. But let's face it,
  • 00:06:33
    this is one of the biggest courses uh at
  • 00:06:36
    UNSW Business School, one of the biggest
  • 00:06:39
    in the school of economics and a lot of
  • 00:06:41
    you are not necessarily people that are
  • 00:06:45
    and enroll in an
  • 00:06:49
    econ. So even um further reason for me
  • 00:06:54
    to be very gentle with the course. I
  • 00:06:56
    know that not all of you are into the
  • 00:07:00
    economics stratosphere. You're just
  • 00:07:03
    taking this course as a gened. You want
  • 00:07:04
    to understand what's going on, have a
  • 00:07:06
    feel for it. So I just know that I know
  • 00:07:09
    where you're coming from and I'm not
  • 00:07:12
    going to push on the accelerator or do
  • 00:07:14
    anything
  • 00:07:16
    strange. Very well. Uh this is a quick
  • 00:07:20
    introduction which can be summarized
  • 00:07:24
    into the concept of we are making this
  • 00:07:27
    course as flexible as we humanly
  • 00:07:31
    possibly can. But we need your help. We
  • 00:07:34
    need your help to tell us how things are
  • 00:07:35
    going like you're doing right now in the
  • 00:07:37
    chat. We need your help to get the
  • 00:07:41
    feedback that we need to you know just
  • 00:07:44
    improve. Uh, online classes, I think
  • 00:07:47
    they're pretty fun. I like them. I love
  • 00:07:49
    seeing the chat, but without your voice,
  • 00:07:51
    I cannot quite tell. I cannot quite look
  • 00:07:53
    you in the eyes and understand what's
  • 00:07:55
    going on. So, please let me know if you
  • 00:07:58
    need
  • 00:08:00
    anything. Someone is saying, "I love
  • 00:08:02
    microeconomics, which makes me really,
  • 00:08:05
    really happy." Uh, someone is nervous,
  • 00:08:08
    excited, chilling. It's beautiful.
  • 00:08:13
    Very well Josh please if I said anything
  • 00:08:17
    on the workshops that you want to um add
  • 00:08:21
    on please let me know I hope you don't
  • 00:08:24
    mind that I said super flexible um of
  • 00:08:28
    course go to your allocated workshop
  • 00:08:31
    right but also remember you can go to
  • 00:08:33
    any workshop multiple uh if even if you
  • 00:08:37
    want during the week so complete freedom
  • 00:08:41
    there speaking about
  • 00:08:43
    flexibility. What is the thing that in a
  • 00:08:46
    course sometimes create stress? Well,
  • 00:08:49
    that is deadlines. You've got deadlines
  • 00:08:52
    for this assessment, deadline for that
  • 00:08:55
    assignment, then you have the final
  • 00:08:56
    exam. Stress, stress, stress. In this
  • 00:09:00
    subject, we take a different approach.
  • 00:09:02
    We basically dispense, we get rid of
  • 00:09:08
    deadlines completely.
  • 00:09:11
    How does this even work? Well, I cheated
  • 00:09:15
    a little bit. We still have a deadline
  • 00:09:18
    which is basically the end of the
  • 00:09:21
    course. At the very end, we have to draw
  • 00:09:24
    the line and say you got to submit your
  • 00:09:27
    stuff. But otherwise, we don't have any
  • 00:09:30
    intermediary deadline. So, you don't
  • 00:09:33
    have to worry about, oh wait, it's
  • 00:09:36
    Tuesday and I've got that deadline for
  • 00:09:38
    micro one again. No.
  • 00:09:40
    uh we are going to let the other courses
  • 00:09:42
    do that and stress you out, but we
  • 00:09:46
    instead are going to just put everything
  • 00:09:48
    at the end. You can do it whenever you
  • 00:09:51
    want
  • 00:09:53
    um at your own pace based on your
  • 00:09:56
    schedule. Now let me say one thing a
  • 00:09:59
    push back against this philosophy is
  • 00:10:01
    that well how about procrastination? How
  • 00:10:04
    about situations where a student is not
  • 00:10:08
    completely completing the the
  • 00:10:11
    coursework uh early enough and we have
  • 00:10:14
    last minute cramming and then everything
  • 00:10:17
    is is pushed back towards uh you know at
  • 00:10:20
    at the very end of the course and and
  • 00:10:22
    that's not good. Well, let me just say
  • 00:10:24
    that from my experience looking at
  • 00:10:27
    cohort after cohort of your peers, you
  • 00:10:31
    are pretty great at scheduling your
  • 00:10:33
    time. So this assumption that students
  • 00:10:35
    don't know how to schedule their time
  • 00:10:37
    actually is not quite true in my
  • 00:10:40
    experience. You do things strategically.
  • 00:10:42
    You sometimes don't do certain
  • 00:10:44
    activities in a certain day. You
  • 00:10:45
    postponed it because it may be optimal
  • 00:10:48
    to do that. Uh in my opinion the benefit
  • 00:10:51
    of giving you flexibility outweigh the
  • 00:10:54
    risk of procrastination. But if you feel
  • 00:10:58
    you are being uh falling prey of
  • 00:11:02
    procrastination and you are beginning to
  • 00:11:04
    worry about it, just send me an email
  • 00:11:06
    and we can make a schedule just for you
  • 00:11:09
    and follow up with you so that we help
  • 00:11:12
    you hit those targets. Very important.
  • 00:11:14
    If you or a friend of yours that maybe
  • 00:11:18
    is not readily asking for help but you
  • 00:11:22
    think they might need it, please contact
  • 00:11:25
    us and we can make detailed schedules uh
  • 00:11:29
    with madeup deadlines to help you stay
  • 00:11:33
    on top. But for most people, try to
  • 00:11:36
    optimize, make your own choices and you
  • 00:11:38
    will be absolutely absolutely fine.
  • 00:11:43
    One um aspect of Eon 101 is generally
  • 00:11:49
    speaking the size of of the course. This
  • 00:11:54
    is as I said a very big course and I
  • 00:11:57
    actually love it for it. You're going to
  • 00:12:00
    see that what we do with this particular
  • 00:12:04
    subject is that we take advantage of
  • 00:12:06
    that as much as possible. We are going
  • 00:12:08
    to try to make use of all your opinions,
  • 00:12:13
    point point of views and this will make
  • 00:12:15
    the course much much more special. This
  • 00:12:18
    is um a component of of our assessment
  • 00:12:22
    which is the permarked SAQ that I will
  • 00:12:24
    introduce in a second. But the
  • 00:12:26
    philosophy of this course is that we are
  • 00:12:29
    going to try to leverage the large
  • 00:12:32
    number. So instead of being a negative
  • 00:12:34
    thing, it's actually a positive thing.
  • 00:12:38
    I think I can switch on now to have a
  • 00:12:42
    look at our um Moodle web page. There we
  • 00:12:46
    go. I'm going to put myself in the
  • 00:12:49
    little corner of the screen down there
  • 00:12:52
    and u just present to you our Moodle
  • 00:12:57
    website.
  • 00:13:00
    One of the most important things to keep
  • 00:13:02
    in mind in Moodle because this is where
  • 00:13:06
    I communicate with you. So really
  • 00:13:08
    important. Tell everyone that this is
  • 00:13:10
    really important is this course
  • 00:13:12
    announcement and forum section. This one
  • 00:13:14
    here course
  • 00:13:16
    announcement. Um we can see here we got
  • 00:13:21
    uh a few course announcements already.
  • 00:13:23
    And this one is the one that I just
  • 00:13:25
    wrote yesterday. Just welcoming everyone
  • 00:13:28
    and uh setting you up for this online
  • 00:13:31
    class. Please just check it
  • 00:13:34
    frequently. If you don't receive emails
  • 00:13:37
    directly when I post uh uh an
  • 00:13:41
    announcement, please let us know because
  • 00:13:43
    we would really like to be able to reach
  • 00:13:45
    you with this announce. They're very
  • 00:13:47
    important. We're going to talk about the
  • 00:13:48
    final exam. All that stuff that matters
  • 00:13:50
    is going to be dealt with through this
  • 00:13:52
    announcement. So keep an eye on
  • 00:13:55
    that. Very well. Let's go back to the
  • 00:13:59
    general course hub. Then we have uh this
  • 00:14:02
    part which is really important. It shows
  • 00:14:05
    you how to sign up into uh play
  • 00:14:10
    economics. The idea behind play
  • 00:14:12
    economics is that we are trying to
  • 00:14:14
    gamify as much as possible economics.
  • 00:14:18
    And so we have a separate website where
  • 00:14:20
    the video game is and all the game
  • 00:14:22
    activities are together with your ebook
  • 00:14:25
    uh the PDF of of your ebook and all the
  • 00:14:28
    things that um you you'll find helpful
  • 00:14:32
    for the
  • 00:14:33
    course. This is the instruction on how
  • 00:14:37
    to do that. And I'm going to show you in
  • 00:14:39
    a second how to get into the pleconomics
  • 00:14:42
    website. But for the time being, I just
  • 00:14:44
    wanted to emphasize this part
  • 00:14:49
    here. So the game is uh available for
  • 00:14:53
    free in computer labs. So we occupied
  • 00:14:57
    entire computer labs with uh PCs that
  • 00:15:00
    can run everything, the game, which is
  • 00:15:04
    just a way for us to make sure that you
  • 00:15:06
    have at least a PC that can run the game
  • 00:15:09
    if if if you want to try it. Um then we
  • 00:15:12
    have you know all the package available
  • 00:15:14
    from these free computers and we have
  • 00:15:17
    designed the course this is something
  • 00:15:19
    really important that that I really care
  • 00:15:21
    about we have designed the course so you
  • 00:15:24
    don't have to go many time to the
  • 00:15:26
    computer labs you can go maybe four or
  • 00:15:29
    five times maybe right before you go to
  • 00:15:32
    the workshop or right after you can drop
  • 00:15:35
    by the computer lab do a little bit of
  • 00:15:38
    activities and if you do it four five
  • 00:15:40
    times over the course of a term just
  • 00:15:43
    when you come for the workshops anyway
  • 00:15:46
    that will be absolutely fine. So don't
  • 00:15:49
    worry about having to do a lot of trips
  • 00:15:52
    to the computer labs. Let's say once a
  • 00:15:54
    week when when you come for for your
  • 00:15:56
    workshop done
  • 00:15:59
    uh problem solved. If you want, you can
  • 00:16:02
    also purchase an individual license. And
  • 00:16:06
    when we receive this money, we're not
  • 00:16:07
    using, nobody's making a profit here at
  • 00:16:10
    all. We're just using to support the
  • 00:16:12
    program to do tax support and uh develop
  • 00:16:15
    the program. And we are also now, you
  • 00:16:18
    know, extending it to high schools. We
  • 00:16:20
    are reaching out to various high schools
  • 00:16:23
    to try to get more and more people
  • 00:16:26
    interested in economics. So, this is
  • 00:16:28
    part of of the project that we are
  • 00:16:30
    running.
  • 00:16:34
    The website will contain everything,
  • 00:16:37
    your textbook, all the
  • 00:16:39
    questions. So it's basically one stop
  • 00:16:42
    for all the things economics that that
  • 00:16:44
    you need to know. Very well. So this was
  • 00:16:47
    the first block here. Let me now become
  • 00:16:52
    small again. Uh it's something important
  • 00:16:54
    that we receive an email from you asking
  • 00:16:57
    how to use this free computer labs.
  • 00:17:00
    there is a procedure that we're going to
  • 00:17:01
    explain. Um, but also for me it's
  • 00:17:04
    important because it will allow me to
  • 00:17:06
    know how many computers are needed. If
  • 00:17:08
    there is a lot of demand, we can have
  • 00:17:09
    more computer labs, more computers
  • 00:17:11
    available. Hence, if it's very important
  • 00:17:14
    that we keep communicating with you a
  • 00:17:17
    little bit more as you set up your um
  • 00:17:21
    free
  • 00:17:22
    options. Here we have general uh general
  • 00:17:26
    course hub. You can find uh the course
  • 00:17:28
    announcement here and uh a few policies
  • 00:17:32
    that are important. Just give a quick
  • 00:17:35
    look uh so that you are up to date with
  • 00:17:38
    the most important things. One thing
  • 00:17:40
    that uh we have to talk about okay it's
  • 00:17:44
    academic integrity.
  • 00:17:46
    Um so here we are going to have all the
  • 00:17:51
    information you need to understand
  • 00:17:53
    including this video here to understand
  • 00:17:56
    what is allowed at at UNSW
  • 00:17:59
    what is the bar for academic integrity
  • 00:18:04
    and this is not a trivial question
  • 00:18:06
    because of course with GPT with all the
  • 00:18:09
    technology we have today it's getting
  • 00:18:11
    more and more blurred uh generally
  • 00:18:15
    speaking what academic integrity means.
  • 00:18:18
    So, please make sure you
  • 00:18:21
    familiarize with uh these resources
  • 00:18:23
    before you get um into ECON 101. The
  • 00:18:28
    reason I'm saying this is that if you
  • 00:18:32
    engage in behavior that the UNSW
  • 00:18:34
    consider cheating, like for example,
  • 00:18:37
    contract cheating may be the worst when
  • 00:18:40
    you ask someone to do your homeworks for
  • 00:18:42
    you and things like that.
  • 00:18:45
    there is a mechanism in place where it
  • 00:18:49
    very quickly
  • 00:18:51
    uh gets out of my hands. So if a student
  • 00:18:55
    for example notices a behavior or we
  • 00:19:00
    constant constantly supervise the
  • 00:19:03
    website with we look for uh behavior
  • 00:19:06
    that may be construed as as cheating. As
  • 00:19:09
    soon as any of this happen, as soon as I
  • 00:19:11
    receive an email saying we have found an
  • 00:19:13
    instance where we think there might be
  • 00:19:15
    cheating going on. As soon as that
  • 00:19:18
    happens, it's completely out of my
  • 00:19:21
    hands. It's a central
  • 00:19:24
    process. I have a lot of sympathy,
  • 00:19:27
    especially for first year students
  • 00:19:29
    coming into uni. You probably don't know
  • 00:19:30
    exactly how harsh the punishment is,
  • 00:19:33
    what's allowed, what's not allowed, and
  • 00:19:34
    you're playing, you know, around the
  • 00:19:37
    corners a little bit. But unfortunately
  • 00:19:39
    the process is taken completely out of
  • 00:19:41
    my hands right away and it gets
  • 00:19:44
    escalated and at that point I have to
  • 00:19:46
    follow the protocol and there's much
  • 00:19:48
    nothing that I can do. So please have a
  • 00:19:52
    read at what constitutes plagiarism or
  • 00:19:55
    cheating and don't do it. Just please
  • 00:19:59
    just don't do it. I know it's a
  • 00:20:01
    temptation sometime, but just talk to
  • 00:20:03
    your inner self and say, "Nope, I'm not
  • 00:20:06
    going to do it." Because the penalty can
  • 00:20:08
    be substantial and it can be something
  • 00:20:12
    that stays with you for the entire
  • 00:20:14
    journey at UNSW. Please don't do it. Um,
  • 00:20:18
    have a look at this
  • 00:20:19
    section as soon as you can. Here in this
  • 00:20:23
    section, you have your lecture slides.
  • 00:20:25
    They're very simple, very concise,
  • 00:20:27
    uh, just what you need. Remember, they
  • 00:20:30
    are not a substitute for the textbook,
  • 00:20:32
    which I'm going to talk about in a
  • 00:20:33
    second, but they are a great summary.
  • 00:20:35
    And this is what I'm going to use to uh
  • 00:20:38
    to teach the
  • 00:20:39
    course. And then here we have the um the
  • 00:20:44
    stream and recordings. So here we have
  • 00:20:48
    uh all the links that you need to uh
  • 00:20:51
    access the recording of these videos and
  • 00:20:54
    the online classes. But as I said
  • 00:20:56
    before, we really use YouTube. So if you
  • 00:21:00
    can access the YouTube channel, that's
  • 00:21:02
    all you need to do. It's very very
  • 00:21:04
    simple, very streamlined. However, if
  • 00:21:06
    you have trouble um you know getting
  • 00:21:08
    into YouTube, just let us know and we're
  • 00:21:11
    going to disseminate the the videos in
  • 00:21:14
    some other way. So this is just the link
  • 00:21:17
    uh to the YouTube um channel. Very well.
  • 00:21:22
    Workshops. Here we have um our workshops
  • 00:21:26
    and we uh explain how to access by
  • 00:21:31
    clicking on this link our online
  • 00:21:34
    workshops. Again, maximum flexibility.
  • 00:21:37
    If you don't have time to come to
  • 00:21:39
    campus, but you really wanted to ask a
  • 00:21:42
    question to one of our demonstrators,
  • 00:21:45
    well, Allison's is going to be there for
  • 00:21:47
    you on Wednesday 3 p.m. on Zoom. Just
  • 00:21:50
    click here and you are in. Hopefully
  • 00:21:53
    this covers all the cases. Um, office
  • 00:21:56
    hours, you can go to any stream you
  • 00:21:59
    want. Don't need to stuck, you know,
  • 00:22:01
    stick with the online. You can go to any
  • 00:22:04
    stream you want and to any workshop you
  • 00:22:06
    want. Now, who to
  • 00:22:09
    contact? If you want course information,
  • 00:22:11
    give a look at the course outline first.
  • 00:22:14
    If you have problems with the
  • 00:22:15
    Pleconomics package, send an email to
  • 00:22:18
    support. They are super quick. They're
  • 00:22:19
    going to get back to you immediately.
  • 00:22:22
    And for any um academic matters such as
  • 00:22:26
    interm marks or special consideration,
  • 00:22:29
    please email uh
  • 00:22:31
    ecom1101
  • 00:22:33
    here. Given that we are talking about
  • 00:22:36
    special
  • 00:22:38
    considerations, let me
  • 00:22:42
    uh say something that I I think it's
  • 00:22:45
    really important because there is no
  • 00:22:48
    deadline in this course. there is
  • 00:22:51
    actually essentially the deadline is the
  • 00:22:53
    whole course. uh we don't do special
  • 00:22:56
    consideration by definition because
  • 00:22:57
    there will be no extra time and there is
  • 00:23:00
    so many there are so many opportunities
  • 00:23:02
    for you to do the activity uh during the
  • 00:23:06
    term that it's very hard to argue oh
  • 00:23:09
    they didn't have time they had you know
  • 00:23:12
    months to to do these activities so
  • 00:23:15
    there must have been a moment where they
  • 00:23:17
    could have found
  • 00:23:19
    time this special consideration process
  • 00:23:22
    it's also something out of our hands.
  • 00:23:25
    When you ask for special consideration,
  • 00:23:27
    we are going to say yes, absolutely. And
  • 00:23:29
    we are going to start the process for
  • 00:23:31
    you. It's going to be handled centrally
  • 00:23:34
    and we are going to communicate with
  • 00:23:36
    them. But ultimately, they're going to
  • 00:23:37
    look at our course and say, well, is
  • 00:23:40
    there a reason? Is this special
  • 00:23:42
    consideration request reasonable?
  • 00:23:45
    uh and it's very very hard to motivate
  • 00:23:48
    uh a request for an extension in our
  • 00:23:51
    course because the deadline is the whole
  • 00:23:54
    course. So please keep this in mind.
  • 00:23:56
    Tell all your friends there's not going
  • 00:23:58
    to be really an opportunity to push
  • 00:24:00
    those deadlines. Those dead deadlines
  • 00:24:02
    are pushed as much as
  • 00:24:04
    we humanly possibly can. So, just do
  • 00:24:10
    your best to stay within those deadlines
  • 00:24:11
    because an extension is most likely not
  • 00:24:14
    going to happen. This is an important
  • 00:24:17
    message because I hate to find
  • 00:24:20
    situations where a student thought that
  • 00:24:24
    maybe they could push the deadline a
  • 00:24:26
    little bit uh when in practice that
  • 00:24:29
    cannot happen because of the way we
  • 00:24:31
    structure the c the subject the course.
  • 00:24:35
    Let me show you how to sign up into the
  • 00:24:37
    Pleconomics website and get started with
  • 00:24:41
    that stuff so that we can get that final
  • 00:24:44
    part of admin out of the way and we can
  • 00:24:46
    just talk a little bit about economics
  • 00:24:49
    and just get a little introduction to
  • 00:24:51
    that in this
  • 00:24:53
    class.
  • 00:24:55
    Fantastic. Let's have a look at the
  • 00:24:57
    pleconomics page. So you
  • 00:25:00
    um access this
  • 00:25:02
    website by uh typing
  • 00:25:06
    playeconomics.com. You're going to be
  • 00:25:08
    here. There's a little video. Uh we talk
  • 00:25:11
    a little bit about what are the
  • 00:25:13
    principles in our philosophy with this
  • 00:25:15
    video game that we are developing uh for
  • 00:25:17
    the course and in general how we use the
  • 00:25:21
    the website as well. And this is the
  • 00:25:24
    outreach education program that we care
  • 00:25:26
    a lot about as well when we reach out to
  • 00:25:29
    high school particular particularly
  • 00:25:32
    underresourced high school and we we
  • 00:25:34
    give them a hand with with some ecom
  • 00:25:36
    content a bit of gallery uh our
  • 00:25:39
    collaborators. Okay. But and we won some
  • 00:25:41
    awards not to brag but we did pretty
  • 00:25:43
    good so far. Now going up here uh this
  • 00:25:47
    is the sign up page. So you just go in
  • 00:25:50
    follow the instructions in Moodle. First
  • 00:25:52
    name, last name, student ID, email.
  • 00:25:55
    Remember to input the email exactly as
  • 00:25:57
    we show in Moodle. Otherwise, you're not
  • 00:25:59
    going to go through. Some of these
  • 00:26:01
    fields are not uh necessary. So you just
  • 00:26:05
    um need to fill up the most uh the uh
  • 00:26:09
    one with an asterisk and then you just
  • 00:26:12
    submit and you get into the website.
  • 00:26:15
    When when that happens, you're going to
  • 00:26:18
    be asked to choose a password. Then if
  • 00:26:22
    you go back to uh the Pleconomics page,
  • 00:26:26
    let me let me go here. And you log in.
  • 00:26:29
    Then you kind of land in this page here.
  • 00:26:32
    And you just need to enter your the the
  • 00:26:35
    same email address that that you use uh
  • 00:26:38
    to sign up and your password that you
  • 00:26:41
    will have just freshly created.
  • 00:26:44
    When you click submit, you are going to
  • 00:26:46
    notice that immediately we give you a
  • 00:26:48
    little monster icon. These are
  • 00:26:51
    randomized, procedurally generated. If
  • 00:26:54
    you don't like it, send us an email. We
  • 00:26:55
    can send you a different one. Um, here
  • 00:26:59
    you're going to be able to see your
  • 00:27:00
    courses. In this case, this Ecom101
  • 00:27:03
    course. Um,
  • 00:27:07
    and then you're going to be able to
  • 00:27:10
    um click this button here and get into
  • 00:27:14
    the course
  • 00:27:16
    itself. Here's the university, the
  • 00:27:19
    course that you're taking, the start and
  • 00:27:21
    end date. And from here, you can do two
  • 00:27:24
    things. You can launch the online
  • 00:27:27
    course, which is where the all the
  • 00:27:28
    action is, or you can access the PDF.
  • 00:27:32
    And the PDF is just um the PDF version
  • 00:27:36
    of your ebook. So just the ebook all in
  • 00:27:40
    PDF form. Say you you like to take notes
  • 00:27:42
    or you like to read on a train uh
  • 00:27:45
    paper. We have it. I want to say
  • 00:27:48
    something about this very quickly. The
  • 00:27:51
    textbook covers everything that is
  • 00:27:54
    examinable. So there is nothing in the
  • 00:27:56
    textbook that is not examinable. But we
  • 00:27:58
    also keep kept the textbook as short as
  • 00:28:02
    possible. I am using there as few words
  • 00:28:06
    as I possibly
  • 00:28:08
    can. So we are just shrinking it to the
  • 00:28:11
    most sizable um possible measure and we
  • 00:28:16
    hope you enjoyed it. It's it's very very
  • 00:28:18
    streamlined. It should be easy to read.
  • 00:28:20
    It shouldn't take you too long. So
  • 00:28:22
    that's the PDF version of your readbook.
  • 00:28:25
    Uh for example, if you go to the free
  • 00:28:27
    computer labs, you can download this and
  • 00:28:29
    you basically have your textbook already
  • 00:28:32
    ready for for for the entire term. If if
  • 00:28:35
    I press launch online
  • 00:28:37
    course, I will be
  • 00:28:39
    redirected to your ebook. Here it is.
  • 00:28:44
    Super simple. So this is me, a test
  • 00:28:47
    student here. Um I've got you're going
  • 00:28:51
    to see your your name um here. One thing
  • 00:28:54
    that I want you Oh, actually, sorry. I
  • 00:28:57
    am I haven't showed you that. So, if I
  • 00:29:01
    if I click launch online course here, my
  • 00:29:04
    picture was big and in the way. Launch
  • 00:29:06
    online course, you end up here. This is
  • 00:29:08
    your um you know, avatar if you want.
  • 00:29:12
    And by clicking here, I can then select
  • 00:29:15
    preferences. Um, and I'm suggesting, you
  • 00:29:18
    know, you choose what you want to do,
  • 00:29:20
    but you can get notified when everybody
  • 00:29:22
    reply to one of your posts or notified
  • 00:29:25
    when um someone reply or or post
  • 00:29:28
    anything. Uh, for example, this one,
  • 00:29:31
    right? You literally are notified
  • 00:29:32
    whenever anyone posts a message in here.
  • 00:29:35
    Helpful if you want to really be up to
  • 00:29:37
    date with this. Uh, and also you can
  • 00:29:39
    have notification when your, you know,
  • 00:29:41
    answers the short answer questions that
  • 00:29:43
    I'm going to talk about in a second. uh
  • 00:29:46
    are had had been graded and you can
  • 00:29:48
    basically track the entire process of
  • 00:29:51
    your SAQ journey uh if you want uh by um
  • 00:29:56
    toggling on these notifications. By
  • 00:29:59
    default they are not toggled on. So by
  • 00:30:01
    default they are not but if you want to
  • 00:30:04
    have that extra notification you can.
  • 00:30:07
    Then you're going to here have here at
  • 00:30:09
    the top you're going to see the course
  • 00:30:11
    marks that you can achieve uh in within
  • 00:30:15
    the ebook activities which are up to 45
  • 00:30:20
    marks. So by doing the ebook activities
  • 00:30:23
    during the term, no deadlines, you're
  • 00:30:26
    going to get up to 45 marks if you want.
  • 00:30:29
    And then the next 55 marks that sum up
  • 00:30:33
    to 100 are going to be achieved by um a
  • 00:30:38
    final exam which we're going to give you
  • 00:30:40
    a lot more information. It's going to be
  • 00:30:42
    a final exam that happens at the very
  • 00:30:44
    end of the course.
  • 00:30:47
    Now exploring this a little bit more.
  • 00:30:50
    Let's have a look at the course details.
  • 00:30:52
    Uh first thing first stop is this one.
  • 00:30:55
    Welcome to ECO101. Please leave a
  • 00:30:57
    message uh here. Just introduce
  • 00:31:01
    yourself. You can see that some students
  • 00:31:03
    have already started. I also started I I
  • 00:31:06
    posted a picture of me one year ago and
  • 00:31:09
    as you can see I tried to get the same
  • 00:31:11
    shirt on. Um but clearly I need a
  • 00:31:14
    haircut. I I think I definitely need a
  • 00:31:16
    haircut at this point. This was me one
  • 00:31:19
    year ago. Very well. This is welcome to
  • 00:31:23
    Eco101. We have here a section showing
  • 00:31:26
    you how to navigate the website. Uh
  • 00:31:30
    navigating is really simple. Your
  • 00:31:32
    progress is up here. Um, then for each
  • 00:31:34
    chapter, you're going to have a little
  • 00:31:36
    icon here that's going to tell you when
  • 00:31:39
    the chapter is going to open and also
  • 00:31:43
    what is the deadline for answering
  • 00:31:45
    multiple choice questions or submitting
  • 00:31:47
    SAQs. And you can see that all these
  • 00:31:50
    deadlines are in two months, two months,
  • 00:31:53
    two months, three months because all our
  • 00:31:55
    deadlines are at the end of the term.
  • 00:31:57
    But I still wanted you to know exactly
  • 00:32:00
    how many days you have until the
  • 00:32:01
    deadline at any time. So just hover this
  • 00:32:04
    icon here and you're going to learn
  • 00:32:06
    that. Also here you can see how many
  • 00:32:09
    activities you have completed within
  • 00:32:11
    this chapter. Um and here you're going
  • 00:32:14
    to see how many activities you have
  • 00:32:16
    complete within this particular section
  • 00:32:19
    of the chapter your first model. And as
  • 00:32:21
    I said, I'm going to open more and more
  • 00:32:23
    chapters and more and more section as we
  • 00:32:26
    go with the course because I want to to
  • 00:32:29
    just uh you know give out each section
  • 00:32:35
    uh you know at a time to make sure that
  • 00:32:38
    we are all focusing on the content that
  • 00:32:41
    is more focal at a certain point of the
  • 00:32:44
    course. So I'm going to just update
  • 00:32:45
    constantly uh here. Okay. So this was
  • 00:32:48
    how to navigate the course. Then we have
  • 00:32:50
    a getting started section. Here you have
  • 00:32:53
    a course outline
  • 00:32:55
    um where it's a super short version of
  • 00:32:58
    your course outline. Very digestible,
  • 00:33:01
    easy to read, just the most important
  • 00:33:03
    things. So if you click on this link,
  • 00:33:05
    you're going to see a very very short
  • 00:33:08
    summary of the the course outline with
  • 00:33:11
    the main thing like the final exam
  • 00:33:14
    information, the academia information,
  • 00:33:17
    um the you know the due dates,
  • 00:33:19
    everything very condensed, very much
  • 00:33:22
    simplified. Then you also have a weekly
  • 00:33:25
    checklist where we suggest if you click
  • 00:33:28
    on this link what to do in week one.
  • 00:33:30
    have a have a read at the concept, read
  • 00:33:33
    the chapter, uh try the the questions
  • 00:33:36
    and and so on so forth plus in one place
  • 00:33:40
    also your lecture slides for
  • 00:33:43
    um for simplicity so that you can just
  • 00:33:46
    navigate this very quickly. Then we have
  • 00:33:49
    the assessment. We have here uh a little
  • 00:33:53
    summary of of the assess the assessments
  • 00:33:55
    that we have available in this course.
  • 00:33:59
    And finally down here we have the
  • 00:34:01
    textbook PDF again a link uh share
  • 00:34:05
    anything. This leads you to a section
  • 00:34:07
    section where where you can post any
  • 00:34:10
    comment. Hello right there. If you want
  • 00:34:13
    to share anything you can use that one.
  • 00:34:16
    Finally we have these two sections at
  • 00:34:18
    the end about this project and about
  • 00:34:19
    this author explaining why we're doing
  • 00:34:21
    what we're doing uh with with this
  • 00:34:23
    gamified approach uh for ecom
  • 00:34:26
    101. Very well. This is
  • 00:34:31
    the just a quick touch base on the uh
  • 00:34:36
    course structure and let's have a a a
  • 00:34:40
    quick look now at what's happening in
  • 00:34:43
    this chapter one. So in chapter one you
  • 00:34:46
    will see that at the moment I have this
  • 00:34:48
    coming soon section. Okay, this will
  • 00:34:50
    come in later but at the moment we have
  • 00:34:53
    just one section open for simplicity to
  • 00:34:55
    get everybody on board. And this is my
  • 00:34:57
    first message. I'll basically send a
  • 00:35:00
    message every time I open I open new
  • 00:35:02
    sections. And I'm just going to put it
  • 00:35:04
    there up there. So the first thing you
  • 00:35:06
    see is me just giving you some
  • 00:35:08
    information about how the course is
  • 00:35:10
    going, what this content is going to be
  • 00:35:12
    about, how how we are doing collectively
  • 00:35:15
    as we as we take the class. And right
  • 00:35:19
    here I have two boxes and and I think
  • 00:35:22
    these are really important where I
  • 00:35:24
    explain to you how many course marks
  • 00:35:26
    have you made so far. Really fleshing
  • 00:35:29
    out how these are acred and also how
  • 00:35:34
    exactly the points that you get for
  • 00:35:36
    example from uh playing the game
  • 00:35:38
    activities and the multiple choice
  • 00:35:40
    questions transform translates into
  • 00:35:43
    course mark. So hopefully this is
  • 00:35:45
    completely self-explanatory. It's going
  • 00:35:48
    to be in every section. I'm sorry for
  • 00:35:50
    the repetition but I am trying to be as
  • 00:35:53
    clear as possible so that everybody
  • 00:35:55
    understand okay that's how I make my
  • 00:35:58
    points and you have an interesting
  • 00:36:01
    example in this first section of of that
  • 00:36:05
    exact strategy. So you are going to have
  • 00:36:08
    a little bit of content and then in line
  • 00:36:12
    you are going to find your first
  • 00:36:14
    multiplechoice question
  • 00:36:17
    uh just tailor to that particular
  • 00:36:20
    content that that you just read. If you
  • 00:36:23
    submit and you uh get
  • 00:36:31
    it, you
  • 00:36:33
    know, you you can actually do trial and
  • 00:36:36
    error. So, I didn't have time. I I just
  • 00:36:38
    gained one point during doing this
  • 00:36:40
    multiple choice question. You're not
  • 00:36:42
    penalized for multiple attempts. This is
  • 00:36:44
    really just a formative assessment.
  • 00:36:47
    Okay. And and with that going on, you
  • 00:36:49
    can see now that in this box, this box
  • 00:36:52
    has been updated
  • 00:36:54
    uh to actually say you have obtained one
  • 00:36:58
    multiplechoice point by answering one
  • 00:37:00
    multiplechoice question. So this gets
  • 00:37:02
    updated in real time so that every
  • 00:37:05
    activity that you do in your course as
  • 00:37:09
    part of the ebook is counted here. You
  • 00:37:11
    can track it and then it will end up
  • 00:37:14
    affecting your course marks. You can see
  • 00:37:16
    here that it went up a little bit and uh
  • 00:37:19
    here I'm explaining how multiple choice
  • 00:37:22
    points
  • 00:37:23
    um are you know translating into course
  • 00:37:26
    mark. So hopefully this is really simple
  • 00:37:29
    just one section to start with and you
  • 00:37:31
    can experiment with the multiplechoice
  • 00:37:34
    question.
  • 00:37:36
    A very important part of this course is
  • 00:37:41
    another type of assessment that you're
  • 00:37:43
    gonna find in academia as well which is
  • 00:37:48
    the short answer question peer marked.
  • 00:37:51
    In that activity, which we call a cap a
  • 00:37:54
    capstone activity, you're going to be
  • 00:37:56
    asked to pick a journal article and uh
  • 00:38:01
    that talks about a certain concept in
  • 00:38:03
    economics that that you want to
  • 00:38:05
    describe. Then you're going to explain
  • 00:38:07
    how that article pertains to the concept
  • 00:38:09
    and then your uh work is going to be
  • 00:38:12
    peermarked by other students of course
  • 00:38:14
    invigilated by us. So your job there
  • 00:38:17
    with that particular SAQ assessment is
  • 00:38:20
    not only to answer the question but also
  • 00:38:22
    to mark other students. I'm going to
  • 00:38:25
    give you a lot more information about
  • 00:38:27
    the short answer question component as
  • 00:38:30
    we open that part of the ebook. I'm
  • 00:38:32
    going to open that capstone activity and
  • 00:38:34
    I'm going to go through a lot a lot of
  • 00:38:36
    detail on exactly how to submit these
  • 00:38:39
    things, how the marking process happens.
  • 00:38:42
    It will be all seamlessly integrated in
  • 00:38:45
    this platform. So this is the only place
  • 00:38:47
    you're going to have to go. I want to
  • 00:38:49
    spend one second talking about this peer
  • 00:38:52
    marking component. We are going to have
  • 00:38:55
    detailed explanations of how this works
  • 00:38:57
    when we open those chapters in in this
  • 00:39:00
    online classes. I'm going to give you
  • 00:39:02
    also example of great short answer
  • 00:39:04
    questions and so on so forth. H and also
  • 00:39:08
    in your
  • 00:39:09
    workshops, your demonstrators are going
  • 00:39:12
    to go through an example of a short
  • 00:39:14
    answer question. They're going to help
  • 00:39:15
    you see how to write it, how to grade
  • 00:39:18
    other other students. So, it's going to
  • 00:39:20
    all be part of the workshop. If you want
  • 00:39:22
    to know more about it, you just have to
  • 00:39:23
    go to a workshop and um lies with with
  • 00:39:28
    your demonstrator. But the question is
  • 00:39:30
    why do we do this peer marking
  • 00:39:33
    component? Let me start by saying that
  • 00:39:36
    that's not an easy component to have in
  • 00:39:38
    in a course.
  • 00:39:40
    uh when you are tasked with grading
  • 00:39:43
    other students and when you see the
  • 00:39:46
    feedback that they give you in turn, you
  • 00:39:49
    may get a little bit upset sometimes and
  • 00:39:52
    you know because it's very
  • 00:39:56
    hard to accept
  • 00:39:58
    criticism and it's maybe even harder to
  • 00:40:02
    pay criticism to someone without
  • 00:40:05
    triggering them, making it essentially
  • 00:40:08
    constructive criticism that helps the
  • 00:40:11
    author of an answer. So, how do we
  • 00:40:13
    receive criticism and how do we give
  • 00:40:16
    criticism or or or feedback to other
  • 00:40:19
    people is incredibly important in life.
  • 00:40:23
    when you're gonna finish up uni and
  • 00:40:26
    you're going to get in into your uh job
  • 00:40:30
    of of choice or career path of choice,
  • 00:40:34
    you're going to see that one of the
  • 00:40:35
    first thing you'll discover is that the
  • 00:40:38
    world is rarely black and
  • 00:40:42
    white. People will have different
  • 00:40:45
    opinions about what is more important
  • 00:40:48
    than the rest. Conflicting point of
  • 00:40:52
    view. you're gonna be put into
  • 00:40:54
    conference rooms where people are kind
  • 00:40:56
    of debating the pros and cons. There's
  • 00:40:59
    no black and white question because you
  • 00:41:02
    know everybody has different ways to see
  • 00:41:04
    the world. It's really important to
  • 00:41:06
    start recognizing that different points
  • 00:41:08
    of view and accept when people are
  • 00:41:12
    challenging our our work and also uh be
  • 00:41:16
    able to challenge their work without
  • 00:41:18
    triggering and and basically stopping
  • 00:41:20
    the conversation. I think this is a
  • 00:41:23
    fundamental professional skill and
  • 00:41:26
    that's why we have this component in the
  • 00:41:29
    course. Uh the course is incredibly
  • 00:41:32
    flexible in the sense that if you want
  • 00:41:34
    you could get full marks just by doing
  • 00:41:37
    this short answer question peer marked.
  • 00:41:39
    You you could get
  • 00:41:41
    45 out of 100 which is the amount that
  • 00:41:45
    you can get in term from the uh website
  • 00:41:48
    just by doing SAQs. But if you want, you
  • 00:41:51
    can mix it up with multiple choice
  • 00:41:53
    questions or game activities. So, it's
  • 00:41:56
    really up to you. If if you take a look
  • 00:41:58
    here, I explained this. You can
  • 00:42:01
    literally mix up your points. Uh, sorry,
  • 00:42:06
    I'm not here. You can literally mix up
  • 00:42:09
    your points between multiple choice
  • 00:42:11
    questions and game activities. And later
  • 00:42:12
    on, you will see also um short answer
  • 00:42:16
    questions. So if the game is not exactly
  • 00:42:19
    your bread and butter, you don't have to
  • 00:42:21
    play. You can just do a lot more of
  • 00:42:23
    these SAQs focusing on the news. If you
  • 00:42:26
    like multiple choice question, you you
  • 00:42:29
    can tackle that. Uh very open-ended.
  • 00:42:32
    Again, another layer of flexibility.
  • 00:42:35
    Come to any class, come to any workshop,
  • 00:42:37
    do it anytime you want. But also select
  • 00:42:40
    your own journey. If there is an
  • 00:42:42
    assessment that you really think it's
  • 00:42:44
    helping you because you have a specific
  • 00:42:47
    learning style, do more of that. Go for
  • 00:42:49
    it. If you want to mix, mix it. Very,
  • 00:42:52
    very flexible. And hopefully this
  • 00:42:54
    information here gives you all the
  • 00:42:56
    answers. But if you still have
  • 00:42:57
    questions, do not hesitate to send us an
  • 00:42:59
    email to the Ecom101 account or come to
  • 00:43:02
    the workshops. In theory, I think after
  • 00:43:05
    doing these activities today, you will,
  • 00:43:08
    you know, go out of this thinking, okay,
  • 00:43:10
    I actually know how this is going to
  • 00:43:12
    work. They're going to open sections in
  • 00:43:13
    the ebook and then they're going to ask
  • 00:43:15
    us to do some activities and um I can
  • 00:43:18
    see immediately my points, so no stress
  • 00:43:21
    whatsoever. And if you want to use the
  • 00:43:23
    free computer, maybe come next week when
  • 00:43:26
    your workshop is or when you're coming
  • 00:43:27
    to uni anyway and go to the lab and
  • 00:43:30
    you're going to see that the first
  • 00:43:31
    chapter is going to be completely open
  • 00:43:33
    at that point and just do all the
  • 00:43:34
    activities in one
  • 00:43:37
    shot. Perfect. At the end here, you see
  • 00:43:40
    we have a we have exam practice
  • 00:43:42
    question. We're going to talk more about
  • 00:43:44
    this later on, but you can see we don't
  • 00:43:47
    go subtle on this. Look how many exam
  • 00:43:50
    practice questions we have. That's a lot
  • 00:43:52
    of them. Um, this is because we want you
  • 00:43:56
    to be really really prepared for that
  • 00:43:57
    final exam and we are going to propose a
  • 00:44:02
    lot of questions. In fact, we can open
  • 00:44:04
    even more questions later on or more
  • 00:44:06
    challenging one as we approach the final
  • 00:44:08
    exam to make sure you are 100%
  • 00:44:11
    comfortable when you get when you sit
  • 00:44:13
    that exam. You know exactly what's going
  • 00:44:15
    to happen. you have been able to test
  • 00:44:16
    and have practice exams uh enough for
  • 00:44:20
    you to know exactly what's going on and
  • 00:44:22
    how things are going to shape shape up.
  • 00:44:24
    Finally, we have additional information
  • 00:44:26
    here. Again, this is the team. Any page
  • 00:44:29
    here you can comment, right? So, I'm
  • 00:44:31
    going to say another hello here. Any
  • 00:44:33
    single page you can comment and the
  • 00:44:36
    demonstrators and myself are always
  • 00:44:38
    taking a look at the website. I have
  • 00:44:40
    those preferences toggled on so I
  • 00:44:42
    receive a notification all the time. So
  • 00:44:45
    please do not hesitate just uh do that
  • 00:44:48
    anytime. Uh we have the course schedule
  • 00:44:51
    here. Uh you can see in every week what
  • 00:44:53
    we're going to do and what workshops are
  • 00:44:56
    are going to be uh focusing on. Um then
  • 00:45:00
    we have the class schedule and we have
  • 00:45:03
    also the pass schedule. Um pass is an
  • 00:45:06
    amazing program. It's basically other
  • 00:45:10
    students offering to spend time with
  • 00:45:12
    you, more senior than you, of course,
  • 00:45:14
    and experienced, offering to help you
  • 00:45:16
    out with any problem that you have, your
  • 00:45:20
    homeworks, any anything that that you
  • 00:45:22
    may need. Here is all the information. I
  • 00:45:24
    love this program. It's one of my
  • 00:45:26
    favorite because it's actually students
  • 00:45:28
    helping students. You can see here um
  • 00:45:31
    the past leader name, the location. So
  • 00:45:34
    if you want something even more informal
  • 00:45:37
    than our workshops which are very
  • 00:45:39
    informal uh you can go to the pass um
  • 00:45:43
    initiative as well and these guys are
  • 00:45:46
    working with us so they're absolutely up
  • 00:45:48
    to speed with everything we're doing and
  • 00:45:50
    they are they are excellent. So please
  • 00:45:52
    consider uh joining them. Finally if you
  • 00:45:55
    need help all the information and the
  • 00:45:58
    emails uh to to contact us. Very well.
  • 00:46:03
    This was your first look at the ebook
  • 00:46:07
    with a particular focus on
  • 00:46:09
    multiplechoice questions activities. We
  • 00:46:12
    will open more section and as we do that
  • 00:46:15
    you're also as I said going to be
  • 00:46:17
    exposed to the short answer question
  • 00:46:19
    peer marking and you'll be able to start
  • 00:46:21
    doing those activities as
  • 00:46:23
    well. This is
  • 00:46:26
    uh all in all all you need to know. This
  • 00:46:29
    is the place you do all your
  • 00:46:31
    assessments. you prepare for the final
  • 00:46:33
    exam all in one place. We hope it's as
  • 00:46:36
    seamless as possible, as simple as
  • 00:46:38
    possible. The stream aid online and the
  • 00:46:42
    face toface stream um in person, these
  • 00:46:46
    are covering
  • 00:46:48
    exactly the same material. In fact, we
  • 00:46:52
    don't even record our live classes. We
  • 00:46:54
    don't record them because the quality of
  • 00:46:57
    the recording is not quite right. This
  • 00:46:59
    is the best way to record a class for
  • 00:47:02
    for online and I'm going to do exactly
  • 00:47:05
    what I do in the live class. So if you
  • 00:47:08
    come to this one, you're going to get
  • 00:47:10
    the same exact amount of information in
  • 00:47:12
    the same time period. So every class is
  • 00:47:15
    going to have the same content. So it's
  • 00:47:17
    not that one class is going to go faster
  • 00:47:19
    than the other. They're going to be
  • 00:47:20
    contained within the same time frame for
  • 00:47:23
    content. You can in fact skip a live
  • 00:47:26
    class and come to the online vice versas
  • 00:47:29
    everything you
  • 00:47:31
    need. The thing that I would like to
  • 00:47:34
    talk about today is essentially just a
  • 00:47:39
    quick introduction of what economics is
  • 00:47:42
    what what the subject is all about. Let
  • 00:47:45
    me ask you a question because you
  • 00:47:47
    probably have a lot of ideas about
  • 00:47:50
    economics. One question that I have for
  • 00:47:52
    you is could economics be about love
  • 00:47:57
    just about two people in love. Is there
  • 00:48:01
    anything in that situation that can be
  • 00:48:05
    seen as
  • 00:48:07
    economics? If you can give
  • 00:48:11
    me if you can give me a quick answer in
  • 00:48:14
    in the chat that would be great. Is
  • 00:48:17
    um economics about love?
  • 00:48:23
    I'm going to start like explaining a
  • 00:48:27
    possible situation. Uh yes, I've got the
  • 00:48:31
    first answer. The answer is yes.
  • 00:48:34
    And I'm glad possibly. Yes. You usually
  • 00:48:40
    think economics is about money or supply
  • 00:48:43
    and demand but actually economics is
  • 00:48:47
    about almost any decision we make every
  • 00:48:52
    day. So there is no single decision in
  • 00:48:55
    your life that is not an economic
  • 00:48:57
    decision. So this is the first
  • 00:49:00
    preconception that I would like to take
  • 00:49:02
    off your head and and just throw it
  • 00:49:05
    somewhere else. Economics is really
  • 00:49:08
    about anything. Someone is saying no.
  • 00:49:11
    And I do understand why you would say
  • 00:49:13
    no. But let me explain why pol economics
  • 00:49:17
    is. Sorry. Economics can be about
  • 00:49:19
    literally any action, any choice that we
  • 00:49:22
    make during the day. Imagine the world
  • 00:49:24
    has been completely destroyed.
  • 00:49:26
    Everybody's dead except yourself sitting
  • 00:49:31
    in Sydney and someone else who could be
  • 00:49:35
    an absolutely perfect partner for you.
  • 00:49:37
    So it's complete distraction. Only you
  • 00:49:40
    two are surviving but you are in Sydney
  • 00:49:44
    and your soulmate, this perfect partner
  • 00:49:46
    is actually in Europe. Let me ask
  • 00:49:49
    quickly on the chat. Are you going to
  • 00:49:52
    travel to Europe even though there are
  • 00:49:54
    no trains? There's no airplanes, no
  • 00:49:57
    boats anymore. You're going to have to
  • 00:49:58
    be very inventive. Would you travel for
  • 00:50:01
    love? Would you travel the other side of
  • 00:50:05
    the world in this situation just because
  • 00:50:08
    you have your
  • 00:50:09
    soulmate and you can have the
  • 00:50:13
    opportunity of experiencing the perfect
  • 00:50:16
    relationship in your lifetime? What what
  • 00:50:19
    what do you say? So I am I'm I'm seeing
  • 00:50:24
    a lot of people saying
  • 00:50:25
    no.
  • 00:50:27
    Um so I I think a lot of people are
  • 00:50:30
    saying no I would not travel to Europe.
  • 00:50:34
    So someone is saying yes definitely
  • 00:50:36
    someone in says depends. Someone is
  • 00:50:39
    saying it's possible
  • 00:50:41
    um split the journey 5050. You see you
  • 00:50:45
    see what I'm talking about. Even when it
  • 00:50:47
    comes to things like love, which is very
  • 00:50:50
    pure and very abstract in its
  • 00:50:53
    conception, you still need to make
  • 00:50:55
    decisions about love. Should I go to
  • 00:50:57
    Europe or not? And some people uh are
  • 00:51:01
    just saying no, Sydney for life in the
  • 00:51:03
    sense that no, I'm not going to travel
  • 00:51:05
    the world. And so right there,
  • 00:51:08
    sacrificing pure love, that's an
  • 00:51:10
    economic
  • 00:51:12
    decision. But imagine that you have um
  • 00:51:16
    infinite time, right? So, imagine a
  • 00:51:20
    world that where there is no scarcity,
  • 00:51:23
    no scarcity whatsoever, no scarcity at
  • 00:51:27
    all. Um, would
  • 00:51:30
    you still be making economic
  • 00:51:34
    decisions if there is no limitation? You
  • 00:51:38
    can travel for free, teleport. Well, it
  • 00:51:41
    turns out that there is something about
  • 00:51:43
    ourselves, our
  • 00:51:45
    preferences that even with infinite
  • 00:51:49
    resources still would force us to make
  • 00:51:52
    economic decision. For example, I give
  • 00:51:54
    you the first ice cream, you probably
  • 00:51:56
    love it. Just just shout out in the in
  • 00:51:59
    the in in the chat what would be the
  • 00:52:01
    happiness that you would achieve if I
  • 00:52:03
    gave you one ice cream. Just a number. I
  • 00:52:06
    give you now one ice cream out of 10.
  • 00:52:09
    How much happy would that make you? Now
  • 00:52:13
    the ice cream is free. You can have as
  • 00:52:15
    many as you want. Now I'm giving you a
  • 00:52:17
    second ice cream. Okay. So just write
  • 00:52:20
    the second and then tell me how much
  • 00:52:22
    happiness you would get from that second
  • 00:52:25
    ice cream. How about I continue giving
  • 00:52:27
    you a third and a fourth and a fifth.
  • 00:52:30
    You might reach a point where you're
  • 00:52:32
    like, Alberto, stop it. Stop it. Please.
  • 00:52:34
    This ice cream is killing me all this
  • 00:52:36
    sugar. So your ability to appreciate
  • 00:52:40
    life for almost any activity that we do
  • 00:52:43
    in life is decreasing. There are
  • 00:52:46
    decreasing returns for most activities.
  • 00:52:48
    And now let me give you another example.
  • 00:52:51
    Soulmates, right? Suppose you can go to
  • 00:52:54
    Europe for free and meet your soulmate.
  • 00:52:57
    The first love experience might be
  • 00:52:59
    great, but how about I give you two
  • 00:53:02
    soulmates? Okay, maybe you would be
  • 00:53:04
    happy. How about three soulmates?
  • 00:53:08
    four soulmates, five soulmates. There
  • 00:53:11
    might be a point where your ability to
  • 00:53:13
    appreciate a relationship even in an
  • 00:53:16
    infinite world with infinite resources
  • 00:53:19
    might actually make you tell me please
  • 00:53:24
    no more perfect soulmates. I was good at
  • 00:53:27
    three or I was good at one. You don't
  • 00:53:30
    need to give me a hundreds of them. And
  • 00:53:32
    this is something really deep into our
  • 00:53:34
    nature. We appreciate things but if
  • 00:53:38
    there is too much of them we tend to
  • 00:53:41
    like them less and
  • 00:53:43
    less because of this reason almost every
  • 00:53:48
    action that we take is economic decision
  • 00:53:53
    making. So this is my interpretation for
  • 00:53:56
    you and the first piece of economic
  • 00:53:58
    content that I want to propose in this
  • 00:54:01
    course that every single choice that we
  • 00:54:03
    make in life all of them are economics
  • 00:54:07
    because we are always trading off
  • 00:54:09
    something even if we live in this
  • 00:54:12
    perfect world you would have to tell me
  • 00:54:14
    probably and think about oh Alberto
  • 00:54:17
    let's settle for three ice creams and
  • 00:54:20
    one soulmate for example you would have
  • 00:54:23
    to make that econom economic decision
  • 00:54:25
    even in that situation and I'm going to
  • 00:54:28
    just conclude now by uh saying this the
  • 00:54:34
    objective of economics is to improve the
  • 00:54:38
    world. So everything that e economists
  • 00:54:41
    do do in an attempt to increase the
  • 00:54:45
    happiness of the planet and solve some
  • 00:54:48
    of the problem we are facing. This is
  • 00:54:51
    the objective of economics and we are
  • 00:54:54
    going to talk about simple ways in which
  • 00:54:56
    we can improve the world. But we are
  • 00:55:00
    going to see that sometimes improving
  • 00:55:02
    the world is hard because it needs
  • 00:55:04
    people to coordinate. and we are going
  • 00:55:07
    to tackle what are the main problems
  • 00:55:10
    that make changing the world for uh
  • 00:55:13
    better difficult and how together as a
  • 00:55:16
    society we can overcome that and
  • 00:55:19
    improve. I have to say I am very
  • 00:55:22
    optimistic because your generation seems
  • 00:55:25
    to be a lot more intelligent, prepared
  • 00:55:29
    and switched on on the idea. Yes, let's
  • 00:55:32
    improve the world as a concept. more and
  • 00:55:36
    more I see this this push and this drive
  • 00:55:39
    and I'm pretty sure that you will be
  • 00:55:42
    able to make meaningful impact and in
  • 00:55:45
    this course we are going to tackle what
  • 00:55:48
    are the main issues preventing us from
  • 00:55:51
    doing it but also figure out quite
  • 00:55:54
    simple ways in which this can be done if
  • 00:55:58
    we can come together as people and we
  • 00:56:00
    can coordinate our
  • 00:56:02
    actions very well everybody
  • 00:56:07
    Uh, thanks so much.
  • 00:56:11
    Um, I'm seeing laughters in in the chat.
  • 00:56:14
    I think everything is going
  • 00:56:16
    well. As I promised, I wanted to wrap it
  • 00:56:20
    up 10 minutes early so that you can have
  • 00:56:23
    a little bit of time to go where you
  • 00:56:24
    need to go.
  • 00:56:26
    And um on on Thursday in our next uh
  • 00:56:31
    online class we are going to take it
  • 00:56:34
    from here and we are going to start
  • 00:56:36
    looking into the content of chapter one
  • 00:56:39
    go through the concepts and I'll I'll be
  • 00:56:42
    using an iPad to annotate so that you
  • 00:56:45
    can see the derivation of all the graphs
  • 00:56:47
    and again we're going to try to be as
  • 00:56:49
    inclusive as possible. It was
  • 00:56:54
    amazing, amazing to see you and I'm
  • 00:56:58
    gonna see you really, really, really
  • 00:57:00
    soon in a couple of days or in person.
  • 00:57:03
    See you later everyone. Thank you so
  • 00:57:05
    much for coming to our first class. Have
  • 00:57:08
    a great great day and see you super
  • 00:57:13
    super
Tags
  • ECON 101
  • UNSW
  • flexibility
  • academic integrity
  • peer marking
  • workshops
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  • economics
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