ECC2010 - Intermediate macroeconomics - 2018

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.

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.

Within semester assessment: 40% + Examination: 60%

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