eco2mfg macroeconomics 2
MACROECONOMIC FLUCTUATIONS, GROWTH AND POLICY
ECO2MFG
2016
Credit points: 15
Subject outline
In Macroeconomic Fluctuations, Growth and Policy, you will develop an understanding of the theories of aggregate demand, aggregate supply, unemployment and inflation. Furthermore, you will analyse these theories in the contexts of both closed and open economies, with reference to the fundamentals of business cycles. You will also demonstrate the ability to connect macroeconomic illustrations and the performance of financial markets with forward-looking behaviour. You will develop an appreciation of the applicability of these theories to the Australian economy. Working independently and working with other students, you will learn about the macro economy through solving problems.
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:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
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:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
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 and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
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:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
Subject options
Select to view your study options…
Melbourne, 2016, 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* |
|---|---|---|---|
| One 2-hour final examination | 60 | 04, 03, 01, 02 | |
| Tutorial Particicpation | 15 | 04, 03, 02, 01 | |
| One group assignment | Form groups of five. | 25 | 02, 04, 01, 03 |