ECC1100

Principles of macroeconomics ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Ms Cathy Fletcher, Professor Jakob Madsen and Dr Daniel Mulino

Offered:
Clayton First semester 2006 (Day)
Clayton Second semester 2006 (Day)

Synopsis: The scope of macroeconomics and its microeconomic underpinnings; aggregation problems; partial equilibrium and general equilibrium analysis; the circular flow of income as a general equilibrium model; the mutual dependence of financial flows and flows of goods and services; sectoral composition of aggregate demand; business and investment behaviour; government spending and taxation; external balance and determination of current and capital accounts; labour market and aggregate supply; money, credit, and the conduct of monetary policy; inflation and unemployment; macroeconomic effects of deregulation in Australia.

Assessment: Written (class tests and mid semester tests): 35% + Tutorial presentation and contribution: 5% + Examination (2 hours): 60%

Contact Hours: Three contact hours per week

Prerequisites: ECC1000 is recommended

Prohibitions: ECC2100