Social economics
Dr Matthew Peter
6 points * 3 hours per week * First semester * Clayton * Prohibitions: Not available to students of the Faculty of Business and Economics or those from other faculties taking an economics major
Objectives At the conclusion of this subject non-economics students should have obtained an insight into the operation of a modern mixed economy such as Australia, in particular in the determination of national income and output; the cases and consequences of inflation and unemployment; international trade and its relation to demand and production; and the role of market prices in coordinating the activities of consumers, investors, importers, exporters and other economic agents.
Synopsis In examining these issues, particular attention is given to economic policy issues such as incomes policy, exchange rate policy, monetary and fiscal policy and microeconomic reform.
Assessment Written (essay and/or assignments): 25% * Examinations (2 hours): 75%