MARKETS, GOVERNMENTS AND GLOBALIZATION

ECO2MGG

Not currently offered

Credit points: 15

Subject outline

In this subject, you will study international economics and public economics at an introductory level. The subject is self-contained, and designed for those who have not studied economics previously. You will be first introduced to basic theories of consumer and producer choice. You will then learn how to use these theories in analyzing various markets, focusing on the questions of efficiency and distribution. Students will discover how economists examine the impacts of government policies on individual incentives in those markets. You will consider the difficulties in formulating public policies for correcting market failures. These issues are discussed in both national and international contexts.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorYuji Tamura

Available to Study Abroad StudentsYes

Subject year levelYear Level 2 - UG

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Graduate capabilities & intended learning outcomes

01. Describe theories of consumer and producer choice and use them to explain demand and supply and the consequences of their interactions in various markets.

Activities:
Lectures
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

02. Analyse theoretically how government interventions impact markets by affecting individual incentives.

Activities:
Assignments and tutorials
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

03. Explain theoretically why some goods are overprovided and others underprovided in society and how governments may intervene to correct individual incentives.

Activities:
Homework and tutorials
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

05. Apply economic analysis to globalisation issues such as international trade and international migration.

Activities:
Lectures and assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

Subject options

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