Monash University Handbook 2010 Postgraduate - Unit

Synopsis

An introduction to the study of economics; basic microeconomics; basic macroeconomics; revision.

Objectives

The learning goals associated with this unit are to:

• develop analytical skills through the rigorous use of geometric models
• understand the main microeconomic issues associated with the decision making by individual consumers and firms
• recognise the welfare and efficiency implications for society of government microeconomic policy decisions
• appreciate and debate the main macroeconomic issues of inflation, unemployment and economic growth
• critically analyse government policy responses to various issues within the open economy context of Australia.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Mrs Judith Tennant

Prohibitions

ECF9530