Economic Issues and Public Policy

• • • Economic growth and the wealth of nations.
  • • Demand and supply applications.
  • • Game theory.
  • • Firms' production, costs and profit maximisation.
  • • Elasticity and total revenue.

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

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).