eco1rig macroeconomics 1
RECESSIONS, INFLATION AND ECONOMIC GROWTH
ECO1RIG
2015
Credit points: 15
Subject outline
This subject introduces students to the study of the economy as a whole and to the economic way of thinking. Students will learn about national income accounting, consumption and investment demand, government spending, exports and imports, aggregate demand and supply, and money and banking. Students will also study fiscal and monetary policy, alternative macroeconomic theories, the balance of payments, national and foreign debt, inflation, unemployment, productivity and economic growth.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorLiam Lenten
Available to Study Abroad StudentsYes
Subject year levelYear Level 1 - UG
Exchange StudentsYes
Subject particulars
Subject rules
PrerequisitesN/A
Co-requisitesN/A
Incompatible subjects ECO1IMA and ECO1PPB
Equivalent subjectsN/A
Special conditionsN/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Principles of Macroeconomics | Prescribed | Stonecash, R., Gans, J., King, S., Mankiw, N. | CENGAGE LEARNING 5TH EDITION (2011) |
Graduate capabilities & intended learning outcomes
01. Present an argument, both orally and in writing, using correct economic terminology and appropriate diagrammatic representations, to demonstrate an understanding of various economic methods and concepts within the context of the economy as a whole
- Activities:
- (1) Weekly Problem Sets (2) Tutorial Participation/Presentation (3) Tutorial Quizzes (4) Midterm Exam: Short Answer (6) Final Exam: Short Answer
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Information Literacy(Information Literacy)
02. Find information through independent research and use it to describe and analyse changes in the macroeconomy relating to national income, cost of living and labour market statistics
- Activities:
- (1) Weekly Problem Sets (2) Tutorial Participation/Presentation (3) Tutorial Quizzes (4) Midterm Exam: Short Answer (5) Midterm Exam: MCQ/TF (6) Final Exam: Short Answer (7) Final Exam: MCQ/TF
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Information Literacy(Information Literacy)
03. Critically reflect on and apply introductory macroeconomic concepts and theories (including production and growth, the financial and monetary systems, inflation and the open economy) as they apply to given tasks using creative problem-solving
- Activities:
- (1) Weekly Problem Sets (2) Tutorial Participation/Presentation (3) Tutorial Quizzes (4) Midterm Exam: Short Answer (5) Midterm Exam: MCQ/TF
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Information Literacy(Information Literacy)
04. Differentiate between monetary and fiscal policies, identify their defining characteristics, and discuss their implications for economic stability and growth
- Activities:
- (1) Weekly Problem Sets (some) (2) Tutorial Participation/Presentation (some) (3) Tutorial Quizzes (some) (6) Final Exam: Short Answer (7) Final Exam: MCQ/TF
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Information Literacy(Information Literacy)
05. Apply (both orally and in writing) key models of macroeconomics (such as the aggregate-demand-and-supply model) to contemporary national and international macroeconomic problems in order to propose policy options for these contemporary problems and to perform an ex-post evaluation of those policies
- Activities:
- (1) Weekly Problem Sets (2) Tutorial Participation/Presentation (3) Tutorial Quizzes (4) Midterm Exam: Short Answer (5) Midterm Exam: MCQ/TF (6) Final Exam: Short Answer (7) Final Exam: MCQ/TF
- Related graduate capabilities and elements:
- Information Literacy(Information Literacy)
- Critical Thinking(Critical Thinking)
06. Interact efficiently and constructively with classmates to prepare a group presentation and argument based on written work
- Activities:
- (1) Weekly Problem Sets (some) (2) Tutorial Participation/Presentation (3) Tutorial Quizzes (some)
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Information Literacy(Information Literacy)
Subject options
Select to view your study options…
China, 2015, Week 08-23, Day
Overview
Online enrolmentNo
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLiam Lenten
Class requirements
LectureWeek: 08 - 23
One 2.0 hours lecture other recurrence on weekdays during the day from week 08 to week 23 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| one 1-hour mid-semester test | 15 | 01, 02, 03, 04, 05, 06 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 | 01, 02, 03, 04, 05, 06 |
| weekly problem sets/assignment (maximum 1,000 words) | 25 | 01, 02, 03, 04, 05, 06 |
Dandenong, 2015, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLiam Lenten
Class requirements
LectureWeek: 31 - 43
One 2.0 hours lecture other recurrence on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| one 1-hour mid-semester test | 15 | 01, 02, 03, 04, 05, 06 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 | 01, 02, 03, 04, 05, 06 |
| weekly problem sets/assignment (maximum 1,000 words) | 25 | 01, 02, 03, 04, 05, 06 |
Melbourne, 2015, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLiam Lenten
Class requirements
LectureWeek: 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.
TutorialWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| one 1-hour mid-semester test | 15 | 01, 02, 03, 04, 05, 06 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 | 01, 02, 03, 04, 05, 06 |
| weekly problem sets/assignment (maximum 1,000 words) | 25 | 01, 02, 03, 04, 05, 06 |
Melbourne, 2015, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLiam Lenten
Class requirements
LectureWeek: 10 - 22
Two 1.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
TutorialWeek: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| one 1-hour mid-semester test | 15 | 01, 02, 03, 04, 05, 06 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 | 01, 02, 03, 04, 05, 06 |
| weekly problem sets/assignment (maximum 1,000 words) | 25 | 01, 02, 03, 04, 05, 06 |
Sydney, 2015, ACN Semester 1, Day
Overview
Online enrolmentNo
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLiam Lenten
Class requirements
LectureWeek: 11 - 22
One 3.0 hours lecture per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| one 1-hour mid-semester test | 15 | 01, 02, 03, 04, 05, 06 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 | 01, 02, 03, 04, 05, 06 |
| weekly problem sets/assignment (maximum 1,000 words) | 25 | 01, 02, 03, 04, 05, 06 |
Sydney, 2015, ACN Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLiam Lenten
Class requirements
LectureWeek: 28 - 39
One 3.0 hours lecture per week on weekdays during the day from week 28 to week 39 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| one 1-hour mid-semester test | 15 | 01, 02, 03, 04, 05, 06 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 | 01, 02, 03, 04, 05, 06 |
| weekly problem sets/assignment (maximum 1,000 words) | 25 | 01, 02, 03, 04, 05, 06 |