Monash University Handbook 2011 Postgraduate - Unit

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

Synopsis

Microeconomics: scarcity; economic choice; economic systems; economic ideology; demand and supply analysis; consumer behaviour and elasticity; costs of production and profit maximisation; perfect competition and monopoly. Macroeconomics: aggregate demand and aggregate supply; Keynesian versus Neoclassical approaches; the money market and monetary policy; the government budget deficit and fiscal policy; the foreign exchange market and exchange rate policy; unemployment and inflation; the current and capital accounts.

Objectives

The learning goals associated with this unit are to:

1. have a basic understanding of the methodology and principles of economics
2. have a basic understanding of micro and macro economics
3. present arguments and make decisions in the economic environment.

Assessment

Within semester assessment: 40%
Examination (2 hours): 60%

Chief examiner(s)

Wenli Cheng (Semester 1)
Asadul Islam (Semester 2)

Contact hours

3 hours per week

Prohibitions

ECG9101