RECESSIONS, INFLATION AND ECONOMIC GROWTH
Credit points: 15
In Recessions, Inflation and Economic Growth, you will get to know the economy as a whole. You will apply simple models to better understand the driving forces of phenomena such as inflation, unemployment, economic growth, foreign debt, and the current account deficit; and discover about their effects on our prosperity and wellbeing. Importantly, you will explore the effectiveness and desirability of policymakers' responses to various economic situations via monetary and fiscal policy. For example, you will discuss whether and when should the central bank change the interest rate, whether the government should run surpluses or deficits, and many other real world relevant questions.
SchoolLa Trobe Business School
Subject Co-ordinatorJan Libich
Available to Study Abroad/Exchange StudentsYes
Subject year levelYear Level 1 - UG
Available as ElectiveYes
Learning ActivitiesThrough certain selected lectures and weekly problem sets, as well as quizzes and the final examination
Incompatible subjectsECO1PPB OR ECO1IMA
Quota Management StrategyN/A
Quota-conditions or rulesN/A
Minimum credit point requirementN/A
Principles of Macroeconomics
AuthorStonecash, Libich, Gans, King, Byford and Mankiw
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
Intended Learning Outcomes
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Melbourne (Bundoora), 2021, Semester 2, Day
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorJan Libich
LectureWeek: 31 - 43
One 2.00 h 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 h tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Quizzes (in total 500 words equivalent) A series of quizzes.
|Quizzes||Individual||No||15||SILO1, SILO2, SILO3, SILO4, SILO5|
One 2-hour final examination (2,000 words equivalent) Held during examination period.
|Central exam||Individual||No||50||SILO1, SILO2, SILO3, SILO4, SILO5|
Open-ended assessment (2,000 words equivalent in total) Ten (10) problem sets and tutorial participation, due throughout semester
|Other||Individual||No||35||SILO1, SILO2, SILO3, SILO4, SILO5|