Undergraduate - UnitECF1200 - Macroeconomics

This unit entry is for students who completed this unit in 2013 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

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Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Caulfield First semester 2013 (Day) Berwick Second semester 2013 (Day) Caulfield Second semester 2013 (Day)
Coordinator(s)	Dr Yi Jin

Synopsis

This unit uses aggregate demand and supply analysis as a tool for identifying and explaining the business cycle, output growth employment, inflation and the current account deficit. The investigation will illustrate the impact of the macroeconomy on decisions by firms and other economic agents in the economy and the effect of fiscal and monetary policies on business outcomes. Key strategic variables affecting decision making in the macro business environment are interest rates, inflation and the Australian dollar.

Outcomes

The learning goals associate with this unit are to:

understand and evaluate the importance of factors that determine aggregate output, employment, interest rates, the average price level and the exchange rate
appreciate the influence of these factors on decision making in government, business and international trade
enable students to demonstrate in individual summative assessments tasks the acquisition of a comprehensive understanding of the topics covered in this unit.