ECONOMIC ISSUES AND PUBLIC POLICY

BUS1BUE

2021

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/Exchange StudentsYes

Subject year levelYear Level 1 - UG

Available as ElectiveYes

Learning ActivitiesOnline, and class activities, individual assignment and final exam.

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsBUS1ECW

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Learning resources

Business Economics for La Trobe University

Resource TypeBook

Resource RequirementPrereading

AuthorGans J, King S, Stonecash R, Byford M, Libich J and Mankiw, G.N.

Year2016

Edition/VolumeN/A

PublisherCengage

ISBN9780170381437

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

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.

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Bendigo, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Chisholm 311 (Chisholm Institute), 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

China (Si Chuan Uni), 2021, Semester 1, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Mildura, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Shepparton, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Sydney, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Vietnam (Hanoi University), 2021, Semester 1, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2021, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid Walker

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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Chisholm 311 (Chisholm Institute), 2021, Semester 2, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

China (Si Chuan Uni), 2021, Semester 2, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Sydney, 2021, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Vietnam (Hanoi University), 2021, Semester 2, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

Sydney, 2021, Summer, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

China (ECNU), 2021, Week 28-31, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid Walker

Class requirements

Problem Based LearningWeek: 28 - 31
One 2.00 hours problem based learning other recurrence on weekdays during the day from week 28 to week 31 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5

China (ECNU), 2021, Week 37-52, Blended

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorDavid 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 assignment Equivalent to 1,000 words

N/AAssignmentIndividualNo30 SILO2, SILO3, SILO4, SILO5

Five in-class or online formative exercises broadly equivalent to 1,200 words.

N/AOtherIndividualNo20 SILO1, SILO2, SILO3, SILO4

One 2-hour final examination Equivalent to 2,000 words.

N/ACentral examIndividualNo50 SILO1, SILO2, SILO3, SILO4, SILO5