MACROECONOMIC FLUCTUATIONS, GROWTH AND POLICY

ECO2MFG

2021

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.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorYuji Tamura

Available to Study Abroad/Exchange StudentsYes

Subject year levelYear Level 2 - UG

Available as ElectiveNo

Learning ActivitiesThrough the tutorial questions, independent study, reading, as well as attending and participating in the lectures and tutorials

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesECO1IMA OR ECO1RIG OR ECO2PEC OR ECO1PPB

Co-requisitesN/A

Incompatible subjectsECO2MAT OR ECO2PPB

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

Macroeconomics

Resource TypeBook

Resource RequirementPrescribed

AuthorBlanchard, O. J., Sheen, J.

Year2013

Edition/Volume4TH

PublisherAUSTRALASIAN EDN. PEARSON

ISBN9781442559516

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

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

Subject options

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Start date between: and    Key dates

Melbourne (Bundoora), 2021, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorYuji Tamura

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 examination Two-hour final end-of-semester exam.

N/ACentral examIndividualNo60 SILO3, 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/AOtherIndividualNo15 SILO1

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

N/AAssignmentIndividualNo25 SILO2