Undergraduate - UnitECC2010 - Intermediate macroeconomics

This unit entry is for students who completed this unit in 2015 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.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Clayton First semester 2015 (Day) Clayton Second semester 2015 (Day)
Coordinator(s)	Dr Julio Mancuso-Tradenta (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%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Dr Julio Mancuso-Tradenta (First semester)
Michael White (Second semester)

Prerequisites

ECC1100

Prohibitions

ECC9010, ECC5901, ECX9010, ETC2110