ETC2110 - Intermediate macroeconomics

Offered

Clayton First semester 2009 (Day)
Clayton Second semester 2009 (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%
Examination (2 hours): 80%

Contact hours

Two 1-hour lectures and one 1-hour tutorial

Prerequisites

ECC1100 or ECC2100

Prohibitions

ECC2010, ECC9010