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

Principles of macroeconomic analysis of product, capital, money and labour markets. It also deals with the concepts of national accounts, governmental expenditure, economic growth, inflation, unemployment, interest rates, currency exchange rates and balance of payments. Contemporary macroeconomic policy issues from both a small open economy and a regional perspective are especially emphasised.

Objectives

The learning goals associated with this unit are to:

1. gain a rigorous, theoretical and practical grounding in macroeconomic principles
2. be able to apply those principles to judge the usefulness and limitations of contemporary macroeconomic policy debates
3. be able to, in further studies, apply those principles to the main macroeconomic issues of inflation, unemployment and economic growth
4. demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in this unit.

Assessment

Within semester assessment: 40%
Examination (3 hours): 60%

Chief examiner(s)

Mrs Judith Tennant