Undergraduate - UnitECW1102 - Introductory macroeconomics

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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

Level	Undergraduate
Faculty	Faculty of Business and Economics
Offered	Sunway First semester 2012 (Day) Berwick Second semester 2012 (Day) Gippsland Second semester 2012 (Day) Sunway Second semester 2012 (Day) South Africa Second semester 2012 (Day)
Coordinator(s)	Mrs Judith Tennant

Synopsis

An introduction to the study of economics from a macroeconomic perspective including the following areas of study: trade in a global village, GDP as National Income and Aggregate Expenditure, savings and investment, unemployment, money and the Australian monetary system, aggregate demand and supply in the short and long run, monetary and fiscal policy including the related debates and in particular Australia as an open economy.

Outcomes

The learning goals associated with this unit are to:

gain an insight into the product, money, labour and foreign exchange markets
develop skills in the application of economic principles to wider social issues
gain knowledge and understanding of the Australian economy and its operation in an international environment
acquire the basis for more advanced studies in economics
demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in ECW1102.