ECW1102

Introductory macroeconomics

(BUS)

Dr Ram Pillarisetti, Ms Judith Tennant; Malaysia: Mr Kevin Li Ke; South Africa: To be advised

6 points + On-campus: 2-hour lecture and 1-hour tutorial per week and 9 hours of independent study + Berwick, Gippsland, Malaysia, Peninsula, South Africa + OCDL: approximately 12 hours per week of independent study + Second semester

Synopsis: An introduction to the study of economics from a macroeconomic perspective including the following areas of study: trade in a global village, GDP as National Income and Aggregate Expenditure, savings and investment, unemployment, money and the Australian monetary system, aggregate demand and supply in the short and long run, monetary and fiscal policy including the related debates and in particular Australia as an open economy.

Assessment: Assignments: 30% + Examination (3 hours): 70%