MACROECONOMIC FLUCTUATIONS, GROWTH AND POLICY

ECO2MFG

2020

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 (Pre 2022)

Credit points: 15

Subject Co-ordinator: Emmanuelle Walkowiak

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 2 - UG

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

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 OR ECO2MAT

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

Macroeconomics

Resource Type: Book

Resource Requirement: Prescribed

Author: Blanchard, O. J., Sheen, J.

Year: 2013

Edition/Volume: 4TH

Publisher: AUSTRALASIAN EDN. PEARSON

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

COMMUNICATION - Communicating and Influencing
DISCIPLINE KNOWLEDGE AND SKILLS
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

Intended Learning Outcomes

01. Critically analyse recent Australian policy outcomes using a macroeconomic framework
02. Investigate and explain the economic indicators that should be every manager's information set
03. Construct recommendations as managers to improve decision-making subject to the latest macroeconomic developments
04. Solve numerically the macroeconomic model to obtain equilibrium conditions

Melbourne (Bundoora), 2020, Semester 2, Day

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Emmanuelle Walkowiak

Class requirements

LectureWeek: 31 - 43
One 2.00 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

TutorialWeek: 31 - 43
One 1.00 hour tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One 2-hour final examinationTwo-hour final end-of-semester exam.

N/AN/AN/ANo60SILO3, SILO4

Tutorial Participation (750 word equivalency)Students are required to attempt all tutorial problems prior to class and contribute to presentation and discussion of solutions during tutorials

N/AN/AN/ANo15SILO1

One individual assignment (1250 word equivalency)Written assignment that will require students to relate the content of the subject to current macroeconomic developments

N/AN/AN/ANo25SILO2