MARKETS, GOVERNMENTS AND GLOBALIZATION

ECO2MGG

2016

Credit points: 15

Subject outline

In this subject, you will be exposed to international economics and public economics at an introductory level. A background in economics is not assumed. You will be first introduced to basic theories of consumer and producer choice. Using the theories, you will learn how government policies influence individual incentives in various markets. You will also learn about the difficulties in formulating public policies for correcting market failures. These issues are discussed in both national and international contexts.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorDavid Walker

Available to Study Abroad StudentsYes

Subject year levelYear Level 2 - UG

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Graduate capabilities & intended learning outcomes

01. Describe theories of consumer and producer choice and apply them to explain government policies.

Activities:
Lectures; Tutorial exercises; Assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

02. Analyse theoretically how government interventions impact markets by affecting individual incentives.

Activities:
Lectures; Tutorial exercises; Assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

03. Explain theoretically why some goods are overprovided and others underprovided in society and how governments may intervene to correct individual incentives.

Activities:
Lectures; Tutorial exercises; Assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

05. Apply economic analysis to globalisation issues such as international trade and international migration.

Activities:
Lectures; Tutorial exercises; Assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

Subject options

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Start date between: and    Key dates

Melbourne, 2016, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Lecture Week: 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.

Tutorial Week: 11 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One-hour mid-semester examination20 01, 02, 05
Two small assignments15% per assignment30 01, 02, 03, 05
Two-hour final examination50 01, 02, 03, 05