Macroeconomics
Mrs Siang Ng
6 points * 3 hours per week * First, second semester Caulfield, Peninsula
Objectives On completion of this subject students should be able to understand factors which contribute to movements in economic activity and the way in which areas of economic activity interact; describe the major macroeconomic characteristics of the Australian economy; describe, analyse and assess the current phase of the Australian business cycle and its likely future movements; consider economic policies which might be used and to evaluate their effects in qualitative and quantitative terms; understand the implications for the Australian economy of fluctuations in the economics of Australia's major trading partners.
Synopsis Analysis of movements in and determinants of the major components of aggregate demand: consumption, investment, government, exports, imports. An evaluation of Government policies and their effects on full employment, price stability and external viability in the context of the Australian economy.
Assessment Assignment: 20% * Final examination (2 hours): 80%
Prescribed texts
McTaggart D and others Economics Addison-Wesley, 1992