Leader: Dr Tissa Rajapakse

Offered

Gippsland Second semester 2008 (Off-campus)

Synopsis

Principles of macroeconomic analysis of product, capital, money and labour markets. It also deals with the concepts of national accounts, governmental expenditure, economic growth, inflation, unemployment, interest rates, currency exchange rates and balance of payments. Contemporary macroeconomic policy issues from both a small open economy and a regional perspective are especially emphasised.

Objectives

The learning goals associated with this unit are to:

• gain a rigorous, theoretical and practical grounding in macroeconomic principles
• be able to apply those principles to judge the usefulness and limitations of contemporary macroeconomic policy debates
• be able to, in further studies, apply those principles to the main macroeconomic issues of inflation, unemployment and economic growth.

Assessment

Within semester assessment: 40%
Examination: 60%