Enrolments for 2022 have closed.
Economic Issues and Public Policy
Undergraduate | LTU-BUS1BUE | 2022
Course information for 2022 intake View information for 2024 course intake
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Prior study needed
- Duration
- 12 weeks
HECS-HELP and FEE-HELP available
Economic Issues and Public Policy
About this subject
- Analyse the impact of economic growth and innovation over time on the welfare of contemporary society
- Apply economic concepts and principles to research and analyse economic data and phenomena in the real world
- Explain fundamental economic concepts using text, diagrams and equations
- Utilise and critique a range of economic tools and approaches to draw conclusions and make recommendations.
- 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 take an inquiry-based approach to develop a rich and deep appreciation of how economic principles and frameworks can be used to analyse our world and to inform policymakers. 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. These problems will then be revisited from the perspective of game theory, which highlights the fundamental importance of strategy in a variety of economic settings. From an economy-wide perspective, you will investigate the trends that are shaping our modern society. You will learn how to measure economic activity, inflation and unemployment, and 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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- 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
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