eco2mfg macroeconomics 2
MACROECONOMIC FLUCTUATIONS, GROWTH AND POLICY
ECO2MFG
2015
Credit points: 15
Subject outline
This is an intermediate macroeconomic theory subject. It concentrates focuses on the theory of aggregate demand, aggregate supply, unemployment and inflation, in the contexts of both closed and open economies, an open as well as closed economy context and on the fundamentals of the basic business cycle. Connections are also made between macroeconomic illustrations and the performance of financial markets with forward-looking behaviour. It includes references to the applicability of these theories to the Australian economy.
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
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Macroeconomics | Prescribed | Blanchard, O. J., Sheen, J. | 4TH. AUSTRALASIAN EDN. PEARSON, 2013 |
Graduate capabilities & intended learning outcomes
01. To critically analyze 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:
- Creative Problem-solving(Creative Problem-solving)
- Inquiry/ Research(Inquiry/ Research)
- Writing(Writing)
- Critical Thinking(Critical Thinking)
02. To 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/ Research(Inquiry/ Research)
- Writing(Writing)
- Critical Thinking(Critical Thinking)
- Creative Problem-solving(Creative Problem-solving)
03. To 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:
- Inquiry/ Research(Inquiry/ Research)
- Critical Thinking(Critical Thinking)
- Creative Problem-solving(Creative Problem-solving)
- Writing(Writing)
04. To 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:
- Critical Thinking(Critical Thinking)
- Creative Problem-solving(Creative Problem-solving)
- Inquiry/ Research(Inquiry/ Research)
- Writing(Writing)
Subject options
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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 from week 31 to week 43 and delivered via face-to-face.
TutorialWeek: 31 - 43
One 1.0 hours tutorial per week on weekdays from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Two 2-hour quizes | 40 | 04, 03, 01, 02 | |
| One 2-hour final examination | 50 | 04, 03, 02, 01 | |
| Tutorial Attendance | 10 | 02, 04, 01, 03 |