Monash University Handbook 2010 Undergraduate - Unit

Synopsis

An introduction to the study of economics from a macroeconomic perspective including the following areas of study: trade in a global village, GDP as National Income and Aggregate Expenditure, savings and investment, unemployment, money and the Australian monetary system, aggregate demand and supply in the short and long run, monetary and fiscal policy including the related debates and in particular Australia as an open economy.

Objectives

The learning goals associated with this unit are to:

1. gain an insight into the product, money, labour and foreign exchange markets
2. develop skills in the application of economic principles to wider social issues
3. gain knowledge and understanding of the Australian economy and its operation in an international environment
4. acquire the basis for more advanced studies in economics
5. demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in ECW1102.

Assessment

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

Chief examiner(s)

Peter Schuwalow

Contact hours

3 hours per week