ECF1200

Macroeconomics ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Dr Anwar Ahmed and Dr George Rivers

Offered:
Caulfield First semester 2005 (Day)
Caulfield Second semester 2005 (Day)
Caulfield Second semester 2005 (ESP-EC)
Caulfield Second semester 2005 (Evening)
Caulfield Second semester 2005 (OCL)
Malaysia Second semester 2005 (OCL)
Singapore Second semester 2005 (OCL)

Synopsis: This unit uses aggregate demand and supply analysis as a tool for identifying and explaining the business cycle, output growth employment, inflation and the current account deficit. The investigation will illustrate the impact of the macroeconomy on decisions by firms and other economic agents in the economy and the effect of fiscal and monetary policies on business outcomes. Key strategic variables affecting decision making in the macro business environment are interest rates, inflation and the Australian dollar.

Assessment: on-campus Class test: 20% + Assignment: 10% + Examination (2 hours): 70% + Distance Assignment: 20% + Examination (2 hours): 80%

Contact Hours: 3 hours per week

Prohibitions: ECF2200 or equivalent