Undergraduate - UnitECC2010 - Intermediate macroeconomics

This unit entry is for students who completed this unit in 2014 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
Organisational Unit	Department of Economics
Offered	Clayton First semester 2014 (Day) Clayton Second semester 2014 (Day)
Coordinator(s)	Dr Yew Siew Ling (Semester 1); Dr Michael White (Semester 2)

Synopsis

Keynesian macroeconomics; the open-economy, IS-LM framework and the aggregate demand-aggregate supply framework as a basis for more advanced macroeconomic analysis; principles of monetary and fiscal policy and problems of implementation; alternative theories of aggregate supply; new classical macroeconomics and the implications of imperfect information; new Keynesian macroeconomics and the implications of labour market rigidities; explaining and correcting inflation and unemployment.

Outcomes

The learning goals associated with this unit are to:

analyse systematically the forces that determine changes in macroeconomic performance and living standards in Australia
understand the relationship between the domestic economy and the international economic environment, as reflected in the behaviour of the balance of payments and exchange rates
appraise critically the issues underlying important contemporary policy debates in Australia and elsewhere
appreciate the nature and relevance of some significant recent developments in macroeconomics
engage in rigorous economic analysis.

Assessment

Within semester assessment: 20%
Examination: 80%

Chief examiner(s)

Siew Ling Yew (First semester)
Michael White (Second semester)

Workload requirements

Minimum total expected workload equals 144 hours per semester

Prerequisites

ECC1100

Prohibitions

ECC9010, ECC5901, ECX9010, ETC2110