Unit Outline
BEA316
Economics of Place: Culture, Communities and Opportunities
Semester 1, 2024
Maria Yanotti
Tasmanian School of Business & Economics (TSBE)
College of Business and Economics
CRICOS Provider Code: 00586B
Unit Coordinator
Maria Yanotti
Email: Maria.Yanotti@utas.edu.au
What is the Unit About?
Unit Description
 
This unit presents the economics of place and the economic value of placemaking. It explores how people choose the places where they want to live; considering whether the choice of where to live comes first and after the search of work, or vice versa. It discusses economic components to the creating dynamics of sustainable communities and regions where people want to live. It discusses cases studies that explore potential transformational changes that reinvent and revitalize a community, with payoffs in terms of livability, social and cultural enrichment, and economic development. It also discusses government policies aimed at strengthening the economies of particular localities or regions, including agglomeration economies and human capital spillovers which potentially could enhance welfare.
Intended Learning Outcomes
As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.
On completion of this unit, you will be able to:
1.
Apply economic concepts to describe contemporary issues in placemaking.
2.
Use economics to analyse the role of culture and arts in local community and regional economic development.
3.
Apply economic concepts to analysis contemporary policy issues in placemaking.
4.
Collaboratively work with peers to critically apply economic theory, analyse and evaluate economic issues. Effectively communicate research.
Alterations as a result of student feedback
To Be Determined
 
 
Teaching arrangements
ATTENDANCE MODE
TEACHING TYPE
LEARNING ACTIVITY
CONTACT HOURS
FREQUENCY
On Campus
Workshop
Introductory 1-hr workshop, Week 1
1
Once only
Workshop
Pre-recorded 1-hr lecture, once a week
1
Weekly
Workshop
2-hr workshop, fortnightly, commencing in Week 2
2
1 time per fortnight
Independent Learning
5-hrs independent learning
5
Weekly
Online
Online Class
Introductory 1-hr workshop, Week 1
1
Once only
Independent Learning
Pre-recorded 1-hr lecture, once a week
1
Weekly
Online Class
2-hr workshop, fortnightly, commencing in Week 2
2
1 time per fortnight
Independent Learning
5-hrs independent learning
5
Weekly
Attendance / engagement expectations
If your unit is offered On campus, it is expected that you will attend all on-campus and onsite learning activities. This is to support your own learning and the development of a learning community within the unit. If you are unable to attend regularly, please discuss the situation with your course coordinator and/or our UConnect support team.

If your unit is offered Online, it is expected you will engage in all those activities as indicated in the Unit Outline, including any self-directed learning.

If you miss a learning activity for a legitimate reason (e.g., illness, carer responsibilities) teaching staff will attempt to provide alternative activities (e.g., make up readings) where it is possible.
 
The Tasmanian School of Business and Economics regularly hosts Masterclasses and Industry Engagement and Employability Events, which students are encouraged to attend. Registration and details will be available via the College of Business and Economics channel on the Uni App and/or via your Unit Coordinator. 
 
 
How will I be Assessed?
 
For more detailed assessment information please see MyLO.
Assessment schedule
ASSESSMENT TASK #
ASSESSMENT TASK NAME
DATE DUE
WEIGHT
LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:
Project Proposal
Week 5
10 %
LO1, LO4
Assessment Task 2:
Presentation
Week 11
20 %
LO4
Assessment Task 3:
Research Paper
Week 13
40 %
LO2, LO3, LO4
Assessment Task 4:
Case Studies
Refer to Assessment Description
30 %
LO1, LO2, LO3, LO4
 
Assessment details
    
Assessment Task 1: Project Proposal
Task Description:
Students will be required to design and complete a research proposal for their final research paper. Some literature review should be included. The task will be a group assignment (maximum 3 people).

Students must submit an electronic copy of their MS Word or PDF files only through the Assignment submission link on MyLO.

Please check and follow the plagiarism and academic integrity sections below.

Task Length:
600 words..
Due Date:
Week 5
Weight:
10 %
 
CRITERION #
CRITERION
MEASURES INTENDED
LEARNING OUTCOME(S)
1
Describe key concepts and contemporary issues in the economics of placemaking.
LO1
2
Identify and describe the key contemporary issues in the economics of placemaking in the Tasmanian context.
LO1
3
Effectively communicate economic arguments using data, statistical and theoretical. Work collaboratively with peers in a group.
LO4
 
Assessment Task 2: Presentation
Task Description:
Students will work in a group of 3 maximum in a research project designed by the group and communicated both in written and oral/visual form.

Students will be required to present their research, analysis and argument effectively in an oral/visual presentation in seminar style. The presentations will be assessed individually.

Task description here Presentation

Students will work in a group of 3 maximum in a research project designed by the group and communicated both in written and oral/visual form.

Students will be required to present their research, analysis and argument effectively in an oral/visual presentation in seminar style. The presentations will be assessed individually.

Detailed guidelines and instructions will be distributed in lectures and posted on MyLO under “Assignments”.

Task Length:
15 min maximum
Due Date:
Week 11
Weight:
20 %
 
 
CRITERION #
CRITERION
MEASURES INTENDED
LEARNING OUTCOME(S)
1
Effectively communicate economic arguments using data, statistical and theoretical evidence.
LO4
 
Assessment Task 3: Research Paper
Task Description:
Students will work in a group of 3 maximum in a research project designed by the group and communicated both in written and oral/visual form (through the presentations in week 12).

Detailed guidelines and instructions will be distributed in lectures and posted on MyLO under “Assignments”.

Students must submit an electronic copy of their MS Word or PDF files only through the Assignment submission link on MyLO. Please check and follow the plagiarism and academic integrity sections below.

The research project will require literature review, and the use of economic concepts and models in order to examine an issue of place within their communities, and should propose and analyse a potential policy approach.

Students will be required to present their research, analysis and argument effectively in a written report. Students will be assessed as a group and individually through an individual form on group peer work and reflection.

Task Length:
Approximately 3000 to 3500 words.
Due Date:
Week 13
Weight:
40 %
 
CRITERION #
CRITERION
MEASURES INTENDED
LEARNING OUTCOME(S)
1
Use economic theory to analyse to role of the arts and culture sectors in regional development. Apply these theories to analyse Tasmania's experience and opportunities.
LO2
2
Use economic theory to analyse the role of arts and culture tourism in regional development. Apply these theories to study Tasmania's experience and opportunities.
LO2
3
Use economic theory to analysis artisan and household production in regional development. Apply these theories to study Tasmania's experience and opportunities.
LO2
4
Use economics to analyse contemporary regional development policies in the arts and cultures sectors. Apply these theories to study Tasmania's experience and opportunities.
LO3
5
Use economics to identify and analyse government's function in placemaking and its role in regional development.
LO3
6
Effectively communicate economic arguments using data, statistical and theoretical evidence. Work collaboratively with peers in a group.
LO4
 
Assessment Task 4: Case Studies
Task Description:
Case Studies

There are four (4) case studies to be completed for workshop classes.

Case Study 1 – Week 3 ‎
Case Study 2 – Week 7
Case Study 3 – Week ‎9
Case Study 4 – Week 13

The analysis of case studies will be related to readings and lectures. Instructions will be provided on MyLO.

Task Length:
Approximately 600 to 700 words.
Due Date:
Refer to Assessment Description
Weight:
30 %
 
CRITERION #
CRITERION
MEASURES INTENDED
LEARNING OUTCOME(S)
1
Describe key concepts and contemporary issues in the economics of placemaking.
LO1
2
Use economic theory to analyse placemaking issues in regional development. Apply these theories to analyse Tasmania's experience and opportunities.
LO2
3
Use economic theory to analysis household production in regional development. Apply these theories to study Tasmania's experience and opportunities.
LO2
4
Use economics to analyse contemporary regional development policies. Appy these theories to study Tasmania's experience and opportunities.
LO3
5
Effectively communicate economic arguments using data, statistical and theoretical evidence.
LO4
 
 
 
How your final result is determined
To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.
 
Submission of assignments
Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.
 
Requests for extensions
If you are unable to submit an assessment task by the due date, you should apply for an extension.
 
A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.
 
The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.
Late penalties
Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.
 
Review of results and appeals
You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.