MACROECONOMIC FLUCTUATIONS, GROWTH AND POLICY

ECO2MFG

2018

Credit points: 15

Subject outline

In Macroeconomic Fluctuations, Growth and Policy, you will develop an understanding of the theories of aggregate demand, aggregate supply, unemployment and inflation. Furthermore, you will analyse these theories in the contexts of both closed and open economies, with reference to the fundamentals of business cycles. You will also demonstrate the ability to connect macroeconomic illustrations and the performance of financial markets with forward-looking behaviour. You will develop an appreciation of the applicability of these theories to the Australian economy. Working independently and working with other students, you will learn about the macro economy through solving problems.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorLiam Lenten

Available to Study Abroad StudentsYes

Subject year levelYear Level 2 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ECO1RIG or ECO2PEC or ECO1PPB or ECO1IMA or subject to Head of School approval.

Co-requisitesN/A

Incompatible subjects ECO2PPB, ECO2MAT

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsMacroeconomicsPrescribedBlanchard, O. J., Sheen, J.4TH. AUSTRALASIAN EDN. PEARSON, 2013

Graduate capabilities & intended learning outcomes

01. Critically analyse recent Australian policy outcomes using a macroeconomic framework

Activities:
Attempting the tutorial questions, home study, reading, attending and participating in the lectures and tutorials
Related graduate capabilities and elements:
Inquiry and Analytical Skills

02. Investigate and explain the economic indicators that should be every manager's information set

Activities:
Attempting the tutorial questions, home study, reading, attending and participating in the lectures and tutorials
Related graduate capabilities and elements:
Inquiry and Analytical Skills

03. Construct recommendations as managers to improve decision-making subject to the latest macroeconomic developments

Activities:
Attempting the tutorial questions, home study, reading, attending and participating in the lectures and tutorials
Related graduate capabilities and elements:
Discipline -Specific Knowledge and Skills

04. Solve numerically the macroeconomic model to obtain equilibrium conditions

Activities:
Attempting the tutorial questions, home study, reading, attending and participating in the lectures and tutorials
Related graduate capabilities and elements:
Literacies and Communication Skills

Subject options

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Start date between: and    Key dates

Melbourne, 2018, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLiam Lenten

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Tutorial Week: 31 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One 2-hour final examinationThe assessment will report on the Graduate Capabilities of Discipline-Specific Knowledge and Skills & Quantitative Literacy.60 03, 04
Tutorial Participation (1250 word equivalency)The assessment will report on the Graduate Capability of Critical Thinking15 01
One individual assignment (1250 word equivalency)The assessment will report on the Graduate Capability of Inquiry/Research Skills25 02