ECC1100 - Principles of macroeconomics

Leader: Ms Cathy Fletcher,

Offered

Clayton First semester 2007 (Day)
Clayton Second semester 2007 (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