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ECONOMIC ISSUES AND PUBLIC POLICY

BUS1BUE

2020

Credit points: 15

Subject outline

In this subject you will undertake research into current economic issues and apply economic concepts and frameworks to critically analyse problems and suggest appropriate public policy responses to them. You will learn how the forces of demand and supply coordinate the behaviour of individuals and businesses in the market and how government policy settings affects market outcomes. You will study the decisions that businesses make in determining how much to produce and at what cost, and analyse how market structures and public policy setting affect firms choices. From an economy-wide perspective, you will investigate how to measure economic activity, inflation and unemployment, and you will examine the factors that influence these variables and their impacts on individuals, businesses and governments.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: David Walker

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 1 - UG

Available as Elective: Yes

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: N/A

Co-requisites: N/A

Incompatible subjects: BUS1ECW

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

Business Economics for La Trobe University

Resource Type: Book

Resource Requirement: Prereading

Author: Gans J, King S, Stonecash R, Byford M, Libich J and Mankiw, G.N.

Year: 2016

Edition/Volume: N/A

Publisher: Cengage

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

DISCIPLINE KNOWLEDGE AND SKILLS
INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

Intended Learning Outcomes

01. Critically evaluate the relationships between macroeconomic variables and their impacts on business and individuals.
02. Research and critically analyse current issues and/or events in the economy.
03. Use models to predict the impact of changing market conditions and to suggest solutions to economic problems.
04. Explain fundamental economic concepts using text, diagrams, equations and other means.
05. Analyse a range of public policy responses and their impacts on society.

Albury-Wodonga, 2020, Semester 1, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
This optional class is in addition to regular classes and is designed as a general revision session

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Bendigo, 2020, Semester 1, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
This optional class is in addition to regular classes and is designed as a general revision session

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2020, Semester 1, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
This optional class is in addition to regular classes and is designed as a general revision session.

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Chisholm 311 (Chisholm Institute), 2020, Semester 1, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Problem Based LearningWeek: 0 - 0
One 2.00 hours problem based learning per week during the day from week 0 to week 0 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

China (Si Chuan Uni), 2020, Semester 1, Blended

Overview

Online enrolment: No

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Mildura, 2020, Semester 1, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
This optional class is in addition to regular classes and is designed as a general revision session

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Shepparton, 2020, Semester 1, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

LectureWeek: 10 - 22
One 1.00 hour lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
This optional class is in addition to regular classes and is designed as a general revision session

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Vietnam (Hanoi University), 2020, Semester 1, Blended

Overview

Online enrolment: No

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2020, Semester 2, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Angela Lou

Class requirements

LectureWeek: 31 - 42
One 1.00 hour lecture per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.
This optional class is in addition to regular classes and is designed as a general revision session.

Problem Based LearningWeek: 31 - 43
One 2.00 hours problem based learning per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Chisholm 311 (Chisholm Institute), 2020, Semester 2, Blended

Overview

Online enrolment: No

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Problem Based LearningWeek: 31 - 43
One 2.00 hours problem based learning per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

China (Si Chuan Uni), 2020, Semester 2, Blended

Overview

Online enrolment: No

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Problem Based LearningWeek: 31 - 43
One 2.00 hours problem based learning per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Vietnam (Hanoi University), 2020, Semester 2, Blended

Overview

Online enrolment: No

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Problem Based LearningWeek: 31 - 43
One 2.00 hours problem based learning per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2020, LTU Term 4, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Angela Lou

Class requirements

LectureWeek: 30 - 35
Two 1.00 hour lecture per week on weekdays during the day from week 30 to week 35 and delivered via face-to-face.
This optional class is in addition to regular classes and is designed as a general revision session.

Problem Based LearningWeek: 30 - 35
Two 2.00 hours problem based learning per week on weekdays during the day from week 30 to week 35 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2020, LTU Term 6, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Yuji Tamura

Class requirements

LectureWeek: 45 - 50
Two 1.00 hour lecture per week on weekdays during the day from week 45 to week 50 and delivered via face-to-face.
This optional class is in addition to regular classes and is designed as a general revision session.

Problem Based LearningWeek: 45 - 50
Two 2.00 hours problem based learning per week on weekdays during the day from week 45 to week 50 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Sydney, 2020, Study period 1, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Problem Based LearningWeek: 10 - 22
One 2.00 hours problem based learning per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Sydney, 2020, Study period 2, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Problem Based LearningWeek: 31 - 42
One 2.00 hours problem based learning per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

Sydney, 2020, Study period 3, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Problem Based LearningWeek: 0 - 0
One 2.00 hours problem based learning per week on weekdays during the day from week 0 to week 0 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5

China (ECNU), 2020, Week 37-52, Blended

Overview

Online enrolment: No

Maximum enrolment size: N/A

Subject Instance Co-ordinator: David Walker

Class requirements

Problem Based LearningWeek: 37 - 52
One 2.00 hours problem based learning other recurrence on weekdays during the day from week 37 to week 52 and delivered via face-to-face.
In addition, students are expected to undertake between 1 h and 3 h of online learning and assessment activities each week prior to class.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

Individual assignmentEquivalent to 1,000 words

N/AN/AN/ANo30SILO2, SILO3, SILO4, SILO5

Six individual in-class exercisesStudents complete problem based exercises in class. Equivalent to 1,200 words.

N/AN/AN/ANo20SILO1, SILO2, SILO3, SILO4

One 2-hour final examinationEquivalent to 2,000 words.

N/AN/AN/ANo50SILO1, SILO2, SILO3, SILO4, SILO5