units

ECC2010

Faculty of Business and Economics

18 September 2017 27 April 2024

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Faculty

Business and Economics

Organisational Unit

Department of Economics

Coordinator(s)

Dr Siew-Ling Yew (First semester); Dr Anupama Sethi (Second semester)

Offered

Clayton

  • First semester 2016 (Day)
  • Second semester 2016 (Day)

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:

  1. analyse systematically the forces that determine changes in macroeconomic performance and living standards in Australia
  2. 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
  3. appraise critically the issues underlying important contemporary policy debates in Australia and elsewhere
  4. appreciate the nature and relevance of some significant recent developments in macroeconomics
  5. 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.

See also Unit timetable information

Chief examiner(s)

Dr Siew-Ling Yew (First semester); Dr Anupama Sethi (Second semester)

Prerequisites

ECC1100

Prohibitions

ECC9010, ECC5901, ECX9010, ETC2110