ECC2010

Intermediate macroeconomics

(BUS)

Dr Pushkar Maitra

6 points + Two 1-hour lectures and one 1-hour tutorial per week + First and second semester + Clayton + Prerequisites: ECC1100 or with approval of the lecturer

Synopsis: Keynesian macroeconomics; the open-economy, IS-LM framework and the aggregate demand-aggregate supply framework as a basis for more advanced macroeconomic analysis; principles of monetary and fiscal policy and problems of implementation; alternative theories of aggregate supply; new classical macroeconomics and the implications of imperfect information; new Keynesian macroeconomics and the implications of labour market rigidities; explaining and correcting inflation and unemployment.

Assessment: Class test: 20% + Final examination (2 hours): 80%