Monash University Handbook 2010 Postgraduate - Unit

Synopsis

The focus is on practical questions about how to achieve national economic growth and control inflation in the context of a global economy, with special attention to policy formulation and implementation and the dilemmas facing decision-makers in the government and private sectors. Macroeconomic forecasting and the methods for analysing the short-term and long-term trends are also considered. Australia's experience during the last two decades, in particular the impact of the Asian Currency Crisis, are examined closely.

Objectives

The learning goals associated with this unit are to:

• identify current major macroeconomic issues
• understand and examine government macroeconomic policy options
• evaluate the impact of government policy on business decision marking
• evaluate the effects of events like the Asian financial crisis on the domestic economy.

Assessment

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

Chief examiner(s)

James Ang

Contact hours

3 hours per week

Prohibitions

ECF4200