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
Organisational Unit
Chief examiner(s)
To be advised
Coordinator(s)
To be advised
Not offered in 2018
Synopsis
This unit develops analytical skills and fundamental concepts that economists need in order to understand the overall macroeconomic policies. It will cover: the cyclical behaviour of the economy; the determinants of the level of national income, money and inflation, interest rate, exchange rate, capital flows, international trade, and the natural rate of unemployment; the role of monetary, fiscal and exchange rate policies in influencing economic activities.
Outcomes
The learning goals associated with this unit are to:
- understand the impact of monetary and government policies on an open economy
- explain the policy consequences of consumption and investment decisions
- explain how macroeconomic policies affect the trade balance and income.
Assessment
Within semester assessment: 40% + Examination: 60%
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