MARKETS, GOVERNMENTS AND GLOBALIZATION
ECO2MGG
2017
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 these 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.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Yuji Tamura
Available to Study Abroad Students: Yes
Subject year level: Year Level 2 - UG
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
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)
Melbourne, 2017, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Yuji Tamura
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: 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 element | Comments | % | ILO* |
|---|---|---|---|
| Mid-semester examination (1 h) | 20 | 01, 02, 05 | |
| Two, 750 word assignments | 15% per assignment | 30 | 01, 02, 03, 05 |
| Final examination (2 h) | 50 | 01, 02, 03, 05 |