Undergraduate | TAS-BEA121 | 2024
Economic Policy in Action
Course information for 2024 intakeView information for 2023 course intake
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- Study method
- 100% online
- 100% online
- Entry requirements
- No ATAR needed,
- No prior study
- 14 weeks
- 22 July 2024
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Economic Policy in Action
About this subject
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.
- Refer to MyLO for study topics
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 TAS-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 (TAS-ECO-DEG) 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.
- Weekly Multiple Choice Quizzes x 5 (5%)
- Consultant Report (35%)
- National Economic Poll (15%)
- Macroeconomic Assignment (35%)
- Workshop Presentation (10%)
For textbook details check your university's handbook, website or learning management system (LMS).
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