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

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsMacroeconomicsPrescribedBlanchard, 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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Start date between: and    Key dates

Melbourne, 2015, 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 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 from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Two 2-hour quizes40 04, 03, 01, 02
One 2-hour final examination50 04, 03, 02, 01
Tutorial Attendance10 02, 04, 01, 03