Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

Issues include economic growth and inflation in a global context; international comparisons of policy and performance; objectives of monetary policy and central bank independence; forecasting and practical problems in policy making; financial markets and economic indicators.

Objectives

The learning goals associated with this unit are to:

1. be familiar with the way in which economists apply economic theory and institutional knowledge of relevant parts of the economy to analyse government macroeconomic policy options, and to make recommendations on policy actions
2. understand and critically evaluate current policy debate on issues of macroeconomic policy
3. evaluate the contributions and limitations of economic analysis for helping to understand and to evaluate macroeconomic policy options.

Assessment

Within semester assessment: 25%
Examination (2 hours): 75%

Chief examiner(s)

Michael White

Contact hours

3 hours per week

Prerequisites

ECC1000 and ECC1100