Economic Issues and Public Policy
Undergraduate | LTU-BUS1BUE | 2024
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Enrol by
- 21 July 2024
- Entry requirements
- Prior study needed
- Duration
- 12 weeks
- Start dates
- 29 July 2024
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).
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- 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-ART-DEG
UndergraduateLAT-PYS-DEG
UndergraduateLAT-CYS-DEG
UndergraduateLAT-HSC-DEG
UndergraduateLAT-TEC-DEG
UndergraduateLAT-ART-DIP
UndergraduateLAT-URE-DIP
UndergraduateLAT-URE-ADG
UndergraduateLAT-PLN-DEG
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