ECF9530

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

Leader: Dr Wenli Cheng and Associate Professor Robert Rice

Offered:
Caulfield First semester 2005 (Day)
Caulfield First semester 2005 (Evening)
Hong Kong First semester 2005 (Off-campus)
Caulfield Second semester 2005 (Evening)

Synopsis: Microeconomics: scarcity; economic choice; economic systems; economic ideology; demand and supply analysis; consumer behaviour and elasticity; costs of production and profit maximisation; perfect competition and monopoly. Macroeconomics: aggregate demand and aggregate supply; Keynesian versus Neoclassical approaches; the money market and monetary policy; the government budget deficit and fiscal policy; the foreign exchange market and exchange rate policy; unemployment and inflation; the current and capital accounts.

Assessment: Assignments: 40% + Examination (2 hours): 60%

Contact Hours: 3 hours per week