Undergraduate | LTU-BUS1BUE | 2024
Economic Issues and Public Policy
Course information for 2024 intake
View information for 2023 course intake- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Prior study needed
- Duration
- 12 weeks
Price from
$2,040
Upfront cost
$0
HECS-HELP and FEE-HELP available
Economic Issues and Public Policy
About this subject
On successful completion you will be able to:
- Critically evaluate the relationships between macroeconomic variables and their impacts on business and individuals.
- Research and critically analyse current issues and/or events in the economy.
- Use models to predict the impact of changing market conditions and to suggest solutions to economic problems.
- Explain fundamental economic concepts using text, diagrams, equations and other means.
- Analyse a range of public policy responses and their impacts on society.
- Economic Growth and the Wealth of Nations
- Demand and Supply Applications
- Game Theory
- Firms' Production, Costs and Profit Maximisation
- Elasticity and Total Revenue
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 affect those market outcomes. You will study the decisions that businesses make in determining how much to produce and at what cost and analyse how the market structures and public policy settings affects 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 the impacts on individuals, businesses and governments.
- Five in-class or online formative exercises broadly equivalent to 1,200 words. (20%)
- Individual assignment equivalent to 1,000 words (30%)
- One 2-hour final examination equivalent to 2,000 words. (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
The third university established in Victoria, La Trobe University has a diverse community of more than 38,000 students and staff. Its commitment to excellence in teaching and research prepares students to make a bold and positive impact in today's global community. La Trobe provides Open Universities Australia with its core tenets, entrepreneurship and sustainability.
Learn more about La Trobe.
Explore La Trobe courses.
- QS Ranking 2024:
- 17
- Times Higher Education Ranking 2024:
- 18
Entry requirements
Others
Past La Trobe University students who have previously completed BUS1ECW (Modern Economies in a Changing World) are ineligible to enrol in this subject
Additional requirements
No additional requirements
Study load
0.125 EFTSL
This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
What to study next?
Once you’ve completed this subject it can be credited towards one of the following courses
UndergraduateLAT-BUS-DEG
UndergraduateLAT-PLN-DEG
UndergraduateLAT-URE-ADG
UndergraduateLAT-URE-DIP
UndergraduateLAT-TEC-DEG
UndergraduateLAT-PYS-DEG
UndergraduateLAT-CYS-DEG
UndergraduateLAT-ART-DEG
Single subject FAQs
Single subjects are the individual components that make up a degree. With Open Universities Australia, you’re able to study many of them as stand-alone subjects, including postgraduate single subjects, without having to commit to a degree.
Each of your subjects will be held over the course of a study term, and they’ll usually require 10 to 12 hours of study each week. Subjects are identified by a title and a code, for example, Developmental Psychology, PSY20007.
First, find the degree that you would like to study on our website.
If that degree allows entry via undergraduate subjects, there will be information about this under the Entry Requirements section. You will find a list of 2-4 open enrolment subjects you need to successfully complete to qualify for admission into that qualification.
Once you pass those subjects, you will satisfy the academic requirements for the degree, and you can apply for entry.
Our student advisors are here to help you take that next step, so don’t hesitate to reach out when you’re ready! We’ve also made it easier to figure out the right way to get started on our pathways page.
Our student advisors are more than happy to help you plan your online study. Get in touch with an advisor by:
You can pay up front with your credit card, or you may be eligible for a HELP loan from the Australian government depending on your citizenship status and where you’ll live during your studies.
For more information about how to pay for your studies visit our fees page or contact a student advisor.
When you’ve made your choice, click ‘Enrol now’ on the relevant course page and follow the prompts to begin your enrolment. We’ll ask you to supply some supporting documentation, including proof of your identity, your tax file number, and a unique student identifier (USI) during this process.
Your university will get in touch with you via email to confirm whether or not your application has been successful.
If you get stuck at any time, reach out to us and we’ll talk you through it.
You can also take a look at our online self-service enrolling instructions .
Close of enrolment times vary between universities and subjects. You can check the cut-off dates for upcoming study terms by visiting key dates.