MACROECONOMIC FLUCTUATIONS, GROWTH AND POLICY

ECO2MFG

2020

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-ordinatorEmmanuelle Walkowiak

Available to Study Abroad StudentsYes

Subject year levelYear Level 2 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ECO1RIG or ECO2PEC or ECO1PPB or ECO1IMA or subject to Head of School approval.

Co-requisitesN/A

Incompatible subjects ECO2PPB, ECO2MAT

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsMacroeconomicsPrescribedBlanchard, O. J., Sheen, J.4TH. AUSTRALASIAN EDN. PEARSON, 2013

Graduate capabilities & intended learning outcomes

01. Critically analyse recent Australian policy outcomes using a macroeconomic framework

Activities:
Mainly through answering the tutorial questions, and participating in discussions in the lectures and tutorials
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)

02. Investigate and explain the economic indicators that should be every manager's information set

Activities:
Through the tutorial questions, independent study, reading, as well as attending and participating in the lectures and tutorials
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Inquiry/Research)

03. Construct recommendations as managers to improve decision-making subject to the latest macroeconomic developments

Activities:
Via participating in the lectures and tutorials, as well as both the assignment and final examination
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

04. Solve numerically the macroeconomic model to obtain equilibrium conditions

Activities:
Through answering the tutorial questions, as well as via both the assignment and final examination
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)

Subject options

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Start date between: and    Key dates

Melbourne, 2020, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorEmmanuelle Walkowiak

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Tutorial Week: 31 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One 2-hour final examinationTwo-hour final end-of-semester exam.60 03, 04
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 tutorials15 01
One individual assignment (1250 word equivalency)Written assignment that will require students to relate the content of the subject to current macroeconomic developments25 02