Undergraduate TAS-BEA121-2023

Economic Policy in Action

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$2,472 $0

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Duration

14 weeks

Study method

100% Online

Available loans

HECS-HELP
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Assessments

100% online

Prior study

Not required

Start dates

10 Jul 2023

Australia’s fourth oldest university, the University of Tasmania, is highly regarded internationally for teaching and academic excellence. The university offers more than 100 undergraduate degrees and more than 50 postgraduate programs across a range of disciplines. The university offers students a diverse range of opportunities, the chance to learn from leading experts, and excellent preparation for their future careers.

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Subject details

What you'll learn

Upon completion of this subject, the student should be able to:

Define, measure and interpret key microeconomic and macroeconomic concepts.
Apply basic microeconomic and macroeconomic models to describe the impact of global and local events, social change, government policy on markets, market participants and macroeconomy.
Develop and critically evaluate basic microeconomic and macroeconomic policy and identify welfare implications for different members of society.

Topics covered

- Refer to Mylo for study topics

Entry requirements

No eligibility requirements

Additional requirements

No additional requirements

Description

TAS-BEA121 Economic Policy in Action expands upon the key microeconomic and macroeconomic concepts introduced in TAS-BEA111 Introduction to Markets and the Economy. The first module of the subject focusses on extending the macroeconomics in TAS-BEA111 to consider international trade, exchange rates and the balance of payments. It also examines conventional and unconventional monetary and fiscal macroeconomic policy options to promote economic growth and manage shocks during times of crisis. The second module of the subject focuses on how to measure the economic impact of a new business or entity and its impacts on the well-being of different members of society.

The subject extends the range of macroeconomic concepts that can be used to understand national account and balance of payments data; and how to investigate issues using the economic method; and to address issues of real importance to business and economic development and to communicate information in an effective manner.

TAS-BEA121 is the second of two foundation level economics subjects offered by the Tasmanian School of Business and Economics. Taken together with BEA111 Introduction to Markets and the Economy, TAS-BEA121 provides you with a comprehensive introduction to macroeconomic theory and policy and forms a strong foundation if you are planning to continue your study of economics.

TAS-BEA121 is a compulsory subject in the Bachelor of Economics (BEc) degree. It is also a compulsory subject in all the Economic majors offered by the Tasmanian School of Business and Economics and is a nominated elective in a wide range of other programs throughout the University of Tasmania.

Assessments