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.

School: La Trobe Business School

Credit points: 15

Subject Co-ordinator: Liam Lenten

Available to Study Abroad Students: Yes

Subject year level: Year Level 2 - UG

Exchange Students: Yes

Subject particulars

Subject rules

Prerequisites: ECO1RIG or ECO2PEC or ECO1PPB or ECO1IMA or subject to Head of School approval.

Co-requisites: N/A

Incompatible subjects: ECO2PPB, ECO2MAT

Equivalent subjects: N/A

Special conditions: N/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)

Melbourne, 2016, Semester 2, Day

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information:

Subject Instance Co-ordinator: Liam 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