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Intermediate macroeconomics (6 points)


Leader: Associate Professor Dietrich Fausten and Dr Pushkar Maitra

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

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%

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

Prerequisites: ECC1100 or ECC2100

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