Leader: Dr Steph Miller and Dr Michael White
Offered
Clayton First semester 2008 (Day)
Clayton Second semester 2008 (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
Within semester assessment: 20%
Final examination (2 hours): 80%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
ECC1100 or ECC2100
