Postgraduate - UnitECF5421 - Applied 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	Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Caulfield First semester 2014 (Evening)
Coordinator(s)	Ms Stojanka Andric

Synopsis

The focus is on practical questions about how to achieve national economic growth and control inflation in the context of a global economy, with special attention to policy formulation and implementation and the dilemmas facing decision-makers in the government and private sectors. Macroeconomic forecasting and the methods for analysing the short-term and long-term trends are also considered. Australia's experience during the last two decades, in particular the impact of the Asian Currency Crisis, are examined closely.

Outcomes

The learning goals associated with this unit are to:

identify current major macroeconomic issues
understand and examine government macroeconomic policy options
evaluate the impact of government policy on business decision marking
evaluate the effects of events like the Asian financial crisis on the domestic economy.

Assessment

Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Professor Russell Smyth

Workload requirements

3 hours per week

Prohibitions

ECF4200, ECX5420