Recessions, Inflation And Economic Growth
UndergraduateLTU-ECO1RIG2024
Course information for 2024 intake View information for 2025 course intake
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Prior study needed
- Duration
- 12 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Recessions, Inflation And Economic Growth
About this subject
On successful completion you will be able to:
- Interpret changes in national income, cost of living, exchange rates, the financial system and labour markets over time, and discuss their impact on people’s wellbeing.
- Describe the aggregate-demand-and-supply model, and utilize it for analysis of developments in the macroeconomy and policy solutions
- Identify and distinguish the key characteristic of monetary and fiscal policies, and assess their implications for inflation, unemployment and economic growth.
- Present arguments about macroeconomics concepts and propose possible policy solutions.
- Long-Run Macroeconomic Concepts and Trends
- Money in a Closed and Open Economy
- Short-Run Macroeconomic Fluctuations and Policies
In Recessions, Inflation and Economic Growth, you will get to know the economy as a whole. You will apply simple models to better understand the driving forces of phenomena such as inflation, unemployment, economic growth, foreign debt, and the current account deficit; and discover about their effects on our prosperity and wellbeing. Importantly, you will explore the effectiveness and desirability of policymakers' responses to various economic situations via monetary and fiscal policy. For example, you will discuss whether and when should the central bank change the interest rate, whether the government should run surpluses or deficits, and many other real world relevant questions.
- Written assignments (1500 word equivalent) (30%)
- Real-World Policy/Employability Task (1500 word equivalent) (35%)
- Online Quiz (1500 word equivalent) (35%)
For textbook details check your university's handbook, website or learning management system (LMS).
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- Times Higher Education Ranking 2024:
- 18
Entry requirements
Others
Past La Trobe University students who have previously completed ECO1IMA (Macroeconomics), or ECO1PPB (Politics, Philosophy and Economics Macroeconomics 1) 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
Bachelor of Information Technology
UndergraduateLAT-TEC-DEG
Bachelor of Psychological Science
UndergraduateLAT-PYS-DEG
UndergraduateLAT-HSC-DEG
UndergraduateLAT-CYS-DEG
UndergraduateLAT-ART-DIP
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