Economic Policy in Action
UndergraduateTAS-BEA1212025
Course information for 2025 intake View information for 2024 course intake
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- Study method
- 100% online
- Assessments
- 100% online
- Enrol by
- 13 July 2025
- Entry requirements
- No ATAR needed, No prior study
- Duration
- 14 weeks
- Price from
- $2,726
- Upfront cost
- $0
- Loan available
- HECS-HELP and FEE-HELP available
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.
- Review of Macroeconomics
- History of Macroeconomics
- Keynesian Model and Multipliers
- Open Economy Macroeconomics
- Financial Markets and Monetary Policy
- Modern Theories and Policies
- The Labour Market
- Welfare, Poverty, Inequality and Redistribution
- Introduction to Economic Consulting
- Measuring Economic Impact
- Economic Multipliers and IO Analysis
- Traffic, Congestion and Transport
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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Entry requirements
No entry requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
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What to study next?
Once you’ve completed this subject it can be credited towards one of the following courses
Bachelor of Business (Business Economics)
UndergraduateTAS-BBE-DEG
UndergraduateTAS-ECO-DEG
Bachelor of Business and Bachelor of Economics
UndergraduateTAS-BEC-DEG
Bachelor of Psychological Science and Bachelor of Economics
UndergraduateTAS-PEC-DEG
Diploma of University Studies (Business)
UndergraduateTAS-USB-DIP
Bachelor of Business and Bachelor of Psychological Science
UndergraduateTAS-BPS-DEG
Bachelor of Business and Bachelor of Science
UndergraduateTAS-BBS-DEG
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