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.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorDavid Walker

Available to Study Abroad StudentsYes

Subject year levelYear Level 1 - UG

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjects BUS1ECW

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
Readings Business Economics for La Trobe UniversityPreliminaryGans J, King S, Stonecash R, Byford M, Libich J and Mankiw, G.N. (2016)Cengage

Graduate capabilities & intended learning outcomes

01. Critically evaluate the relationships between macroeconomic variables and their impacts on business and individuals.

Activities:
Online, and class activities and the final exam
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)

02. Research and critically analyse current issues and/or events in the economy.

Activities:
Online, and class activities, individual assignment and final exam
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)

03. Use models to predict the impact of changing market conditions and to suggest solutions to economic problems.

Activities:
Online and class activities, individual assignment and final exam
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. Explain fundamental economic concepts using text, diagrams, equations and other means.

Activities:
Online, and class activities, individual assignment and final exam
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)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

05. Analyse a range of public policy responses and their impacts on society.

Activities:
Online, and class activities, individual assignment and final exam
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)

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 10 - 22
One 2.0 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."

Lecture Week: 10 - 22
One 1.0 hours 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"

Assessments

Assessment elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

Bendigo, 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 10 - 22
One 2.0 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."

Lecture Week: 10 - 22
One 1.0 hours 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"

Assessments

Assessment elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

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

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 37 - 52
One 2.0 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 elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

China (SiChuanUni), 2020, Semester 2, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 31 - 43
One 2.0 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 elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

China (SiChuanUni), 2020, Semester 1, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 10 - 22
One 2.0 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 elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

Chisholm311(ChisholmInstitute), 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning
One 2.0 hours problem based learning per week during the day 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 elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

Chisholm311(ChisholmInstitute), 2020, Semester 2, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 31 - 43
One 2.0 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 elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

Melbourne, 2020, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorAngela Lou

Class requirements

Problem Based Learning Week: 31 - 43
One 2.0 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."

Lecture Week: 31 - 42
One 1.0 hours 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."

Assessments

Assessment elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

Melbourne, 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 10 - 22
One 2.0 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."

Lecture Week: 10 - 22
One 1.0 hours 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."

Assessments

Assessment elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

Melbourne, 2020, LTU Term 6, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorTony Martin

Class requirements

Problem Based Learning Week: 45 - 50
Two 2.0 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."

Lecture Week: 45 - 50
Two 1.0 hours 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."

Assessments

Assessment elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

Melbourne, 2020, LTU Term 4, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorAngela Lou

Class requirements

Problem Based Learning Week: 30 - 35
Two 2.0 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."

Lecture Week: 30 - 35
Two 1.0 hours 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."

Assessments

Assessment elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

Mildura, 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 10 - 22
One 2.0 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."

Lecture Week: 10 - 22
One 1.0 hours 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"

Assessments

Assessment elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

Shepparton, 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 10 - 22
One 2.0 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."

Lecture Week: 10 - 22
One 1.0 hours 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"

Assessments

Assessment elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

Sydney, 2020, Study Period 3, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning
One 2.0 hours problem based learning per week on weekdays during the day 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 elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

Sydney, 2020, Study Period 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 31 - 42
One 2.0 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 elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

Sydney, 2020, Study Period 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 10 - 22
One 2.0 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 elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

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

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 31 - 43
One 2.0 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 elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05

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

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based Learning Week: 10 - 22
One 2.0 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 elementComments% ILO*
Individual assignmentEquivalent to 1,000 words30 02, 03, 04, 05
Six individual in-class exercises Students complete problem based exercises in class. Equivalent to 1,200 words.20 01, 02, 03, 04
One 2-hour final examinationEquivalent to 2,000 words.50 01, 02, 03, 04, 05