Undergraduate - UnitECW2730 - Macroeconomic policy

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	Berwick First semester 2012 (Day) Gippsland First semester 2012 (Day) Sunway First semester 2012 (Day) South Africa First semester 2012 (Day)
Coordinator(s)	Dr Anupama Sethi (Berwick), Mrs Judith Tennant (Gippsland), Professor Eduard Bomhoff (Malaysia)

Synopsis

Macroeconomic policy as it affects the open economy; policy consequences of consumption and investment decisions; analysis of policies with respect to the real exchange rate and trade balance; policy responses to assets price movements; policy goals under different international monetary systems; the economic benefits and costs of optimum currency areas; how policy-makers in Australia try to stabilise the economy.

Outcomes

The learning goals associated with this unit are to:

understand the impact of monetary and government policies on an open economy;
explain the policy consequences of consumption and investment decisions and
explain how policies affect the trade balance and income;
analyse policy responses to assets price movements;
evaluate the economic benefits and costs of optimum currency areas.

Assessment

Within semester assessment: 30%
Examination (2 hours): 70%

Chief examiner(s)

Mr Eduard Bomhoff

Contact hours

3 hours per week

Prerequisites

Students must have passed ECG1102 or ECW1102 before undertaking this unit.

Prohibitions

ECG2730, ECW2120, ECF2331