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| Undergraduate, Postgraduate |
(BUS)
|
Leader: Dr Mike White
Offered:
Clayton First semester 2005 (Day)
Synopsis: Topics include Keynes' aggregate demand and supply analysis and critique of automatic adjustment in the economy; the significance of an endogenous money supply for inflation; credit, speculation and financial instability; the national saving debate; investment and income distribution; the Phillips Curve and hysteresis.
Assessment: Written (5000-word essay): 40% + Examination (3 hours): 60%
Contact Hours: Three contact hours per week