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

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

Objectives

The learning goals associated with this unit are to:

1. develop analytical skills through the rigorous use of geometric models
2. understand the main microeconomic issues associated with the decision making by individual consumers and firms
3. recognise the welfare and efficiency implications for society of government microeconomic policy decisions
4. appreciate and debate the main macroeconomic issues of inflation, unemployment and economic growth
5. critically analyse government policy responses to various issues within the open economy context of Australia
6. demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in this unit.

Assessment

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

Chief examiner(s)

Mrs Judith Tennant

Prohibitions

ECF9530