ECF9530

Economics

(BUS)

6 points + 3 hours per week + First or second semester + Caulfield and in-house

Synopsis: Microeconomics: scarcity; economic choice; economic systems; economic ideology; demand and supply analysis; consumer behaviour and elasticity; costs of production and profit maximisation; perfect competition and monopoly. Macroeconomics: aggregate demand and aggregate supply; Keynesian versus Neoclassical approaches; the money market and monetary policy; the government budget deficit and fiscal policy; the foreign exchange market and exchange rate policy; unemployment and inflation; the current and capital accounts.

Assessment: Assignments: 40% + Examination (2 hours): 60%