Undergraduate - UnitECC2300 - Current issues in macroeconomic policy

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 Second semester 2015 (Day)
Coordinator(s)	Dr Michael White

Synopsis

Issues include economic growth and inflation in a global context; international comparisons of policy and performance; objectives of monetary policy and central bank independence; forecasting and practical problems in policy making; financial markets and economic indicators.

Outcomes

The learning goals associated with this unit are to:

be familiar with the way in which economists apply economic theory and institutional knowledge of relevant parts of the economy to analyse government macroeconomic policy options, and to make recommendations on policy actions
understand and critically evaluate current policy debate on issues of macroeconomic policy
evaluate the contributions and limitations of economic analysis for helping to understand and to evaluate macroeconomic policy options.

Assessment

Within semester assessment: 25%
Examination: 75%

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 Michael White

Prerequisites

ECC1000 and ECC1100