ECW2120

Applied micro/macroeconomics ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Mr Peter Schuwalow, Ms Judy Tennant; Malaysia: To be advised

Offered:
Berwick First semester 2005 (Day)
Gippsland First semester 2005 (Day)
Gippsland First semester 2005 (OCL)
Malaysia First semester 2005 (Day)
Singapore First semester 2005 (OCL)

Synopsis: Topics covered in the microeconomic section include consumer behaviour, demand and supply, production and costs, general equilibrium and efficiency, and market structures. Topics covered in the macroeconomics section include unemployment, inflation, aggregate demand and aggregate supply, IS, LM and BP curves in the Mundell-Flemming model and government policy debates concerning the level of government debt.

Assessment: Assignments: 30% + Examination (3 hours): 70%

Contact Hours: 3 hours per week

Prerequisites: ECW1101 and ECW1102

Prohibitions: ECW2000 and ECW2010