ECW1010

Economics

(BUS)

Mr Wong Koi Nyen

6 points + First and second semester + Two 1-hour lectures and one 1-hour tutorial per week + Pre/corequisite: ECW1000

Synopsis: The scope of macroeconomics and its microeconomic under-pinnings; aggregation problems; distinction between partial equilibrium and general equilibrium analysis; the circular flow of income as a general equilibrium model; the mutual dependence of financial flows and flows of goods and services; sectoral composition of aggregate demand; business and investment behaviour; government spending and taxation; external balance and determination of current and capital accounts; labour market and aggregate supply; money, credit, and the conduct of monetary policy; inflation and unemployment; macroeconomic effects of deregulation in Australia.

Assessment: Written (class tests and assignments): 40% + Examination (2 hours): 60%