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 Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Business Economics for La Trobe University | Preliminary | Gans 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…
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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent 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 element | Comments | % | ILO* |
|---|---|---|---|
| Individual assignment | Equivalent to 1,000 words | 30 | 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 examination | Equivalent to 2,000 words. | 50 | 01, 02, 03, 04, 05 |