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Principles of macroeconomics (6 points)


Leader: Ms Cathy Fletcher

Clayton First semester 2003 (Day)
Clayton Second semester 2003 (Day)
Clayton First semester 2004 (Day)
Clayton Second semester 2004 (Day)

Synopsis: The scope of macroeconomics and its microeconomic underpinnings; aggregation problems; 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): 30% + Tutorial participation and contribution: 10% + Examination (2 hours): 60%

Contact Hours: Two 1-hour lectures and one 1-hour tutorial per week

Prohibitions: ECC2100

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