ECC2010

Intermediate macroeconomics ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Dr Michael White

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

Synopsis: Keynesian macroeconomics; the open-economy, IS-LM framework and the aggregate demand-aggregate supply framework as a basis for more advanced macroeconomic analysis; principles of monetary and fiscal policy and problems of implementation; alternative theories of aggregate supply; new classical macroeconomics and the implications of imperfect information; new Keynesian macroeconomics and the implications of labour market rigidities; explaining and correcting inflation and unemployment.

Assessment: Class test: 20% + Final examination (2 hours): 80%

Contact Hours: Two 1-hour lectures and one 1-hour tutorial per week

Prerequisites: ECC1100 or ECC2100