PRINCIPLES OF ECONOMICS
ECO5POE
2015
Credit points: 15
Subject outline
In this subject you will get to know the economic way of thinking and decision making. You will discover many micro and macroeconomic principles and concepts, and find out how they can be put to practice in the real-world. This includes the main market forces of supply and demand, competitive and monopoly market structures, the use of game theory to make better economic decisions, measuring a nation#s income and the cost of living, the drivers of economic growth and the causes of unemployment. The global financial crisis and its lessons for households and policymakers will also be discussed.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Jan Libich
Available to Study Abroad Students: Yes
Subject year level: Year Level 5 - Masters
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: N/A
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: N/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Economics | Prescribed | Gans/King/Stonecash/Byford/Libich/Mankiw Principles of Economics: Australia and New Zealand Edition, 6th Edition | Cengage 2014 |
Graduate capabilities & intended learning outcomes
01. You will be able to understand the economic way of decision-making and put it in good use it in a number of areas of business and policy.
- Activities:
- tutorial group discussions, tutorial presentations, video-interviews, problem sets, mid-semester exam, final exam
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
02. You will be able to analyse and evaluate strategic behaviour of competing economic agents and institutions using game theory.
- Activities:
- tutorial group discussions, tutorial presentations, video-interviews, problem sets, mid-semester exam, final exam
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
03. You will be able to find information through independent research, for example in relation to national income, cost of living, and labour market statistics, for the purpose of analysing changes in these measures of the macroeconomy.
- Activities:
- tutorial group discussions, tutorial presentations, video-interviews, problem sets, final exam
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
04. You will be able to effectively and constructively interact with your classmates in preparing your group presentation and arguments, based on your written work.
- Activities:
- tutorial group discussions, tutorial presentations, problem sets
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Speaking,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
City Campus, 2015, Semester 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Yuji Tamura
Class requirements
SeminarWeek: 31 - 43
One 2.0 hours seminar 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 examination | 20 | 01, 02, 03, 04 | |
| One three hour final exam | 50 | 01, 02, 03, 04 | |
| Tutorial participation | 5 | 01, 02, 03, 04 | |
| Problem sets | 25 | 01, 02, 03, 04 |
Melbourne, 2015, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Jan Libich
Class requirements
LectureWeek: 10 - 22
One 2.0 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 examination | 20 | 01, 02, 03, 04 | |
| One three hour final exam | 50 | 01, 02, 03, 04 | |
| Tutorial participation | 5 | 01, 02, 03, 04 | |
| Problem sets | 25 | 01, 02, 03, 04 |
Melbourne, 2015, Semester 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Buly Cardak
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 examination | 20 | 01, 02, 03, 04 | |
| One three hour final exam | 50 | 01, 02, 03, 04 | |
| Tutorial participation | 5 | 01, 02, 03, 04 | |
| Problem sets | 25 | 01, 02, 03, 04 |
Melbourne, 2015, Summer, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Jan Libich
Class requirements
Lecture
One 2.0 hours lecture per week on weekdays during the day and delivered via face-to-face.
Tutorial
One 1.0 hours tutorial per week on weekdays during the day and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 1-hour mid-semester examination | 20 | 01, 02, 03, 04 | |
| One three hour final exam | 50 | 01, 02, 03, 04 | |
| Tutorial participation | 5 | 01, 02, 03, 04 | |
| Problem sets | 25 | 01, 02, 03, 04 |