6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Not offered in 2018
Topics include Keynes' aggregate demand and supply analysis and critique of automatic adjustment in the economy; the significance of an endogenous money supply for inflation; credit, speculation and financial instability; the national saving debate; investment and income distribution; the Phillips Curve and hysteresis.
The learning goals associated with this unit are to:
- be familiar with the Post Keynesian framework of the economy, which draws on the work of J M Keynes and M Kalecki
- have a clear understanding of how the framework can be used to analyse a number of policy issues in Australia, including monetary policy, the roles of investment and saving, government budgetary strategies and income policies
- be able to critically analyse the framework through written work.
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