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Economics & Public Policy (BUSA90073)
Graduate courseworkPoints: 12.5Not available in 2021
Please refer to the return to campus page for more information on these delivery modes and students who can enrol in each mode based on their location.
Overview
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Global Business Economics examines the broad environment in which firms operate and explains factors that affect the output growth, inflation, unemployment, interest rates, and exchange rates of a country in a globalized world. These economy-wide variables are beyond a firm’s control but critically influence the decision-making of any firm. The course presents a macroeconomic framework to illustrate the dynamic inter-connections among markets (e.g. those for financial assets, goods and services, labor, and money) and government policies. With the aid of country case studies and current policy research, the course aims to demonstrate that economics is not primarily a set of answers but a method of reasoning.
Having completed the course, a student should be able to read The Australian Financial Review or The Economist intelligently, and make informed judgements on questions of economic policy. The course seeks to demystify economics and to enable students to form their own opinions on economic issues. A related aim is to prepare future general managers to deal with professional economists, both those on their own staff and those in government. A student who completes this course should never again be intimidated by economists or economics.
The course will be aimed at students with little or no background in economics, though students who have completed some undergraduate courses in macroeconomics will benefit from the more practical nature of this course.
Intended learning outcomes
On completion of this subject students should:
- understand basic economic terminology and concepts;
- describe the forces governing economic growth and fluctuations in GDP;
- use economic models to explain business cycle fluctuations, unemployment, and inflation;
- understand the determinants of unemployment and inflation;
- explain the role and motivations of central banks in conducting monetary policy;
- understand the factors governing exchange rate movements and associated movements in current and capital accounts of the balance of payments.
Last updated: 30 January 2024
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 30 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
8 short tests | Throughout the teaching period | 20% |
Syndicate report and presentation (2,000 word report and 10 minute presentation) | 20% | |
End-of-semester examination Hurdle requirement | During the examination period | 60% |
4 x quizzes
| Throughout the teaching period | 10% |
Syndicate report and presentation (2,000 word report and 15 minute presentation). Report due week 8; presentation either week 7, 8 or 9 | From Week 7 to Week 9 | 40% |
End-of-semester examination
| During the examination period | 50% |
Additional details
Mark Crosby and Nilss Olekalns (assessment items 1-3 in table)
Andrew John (assessment items 4-6 in table)
Last updated: 30 January 2024
Dates & times
Not available in 2021
Last updated: 30 January 2024
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 30 January 2024