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)
Dr Ayushi Bajaj
(Caulfield)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Ayushi Bajaj
(Caulfield)
Dr Thandinkosi Ndhlela
(Trimester A)
Dr Ying Zhou
(Trimester B & C)
Unit guides
Offered
- First semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus block of classes)
Synopsis
This unit examines the scope for policy to improve macroeconomic performance. It will cover: the cyclical behaviour of the economy; the role of monetary, fiscal and exchange rate policies in influencing economic activities; the implementation and operation of monetary policy; the relationship of exchange rates to monetary policy.
Outcomes
The learning goals associated with this unit are to:
- understand the importance of distinguishing between the short-run and long-run impacts of macroeconomic policy
- understand the importance of and the differences between monetary, fiscal, and exchange rate policies
- be able to critically assess macroeconomic policy
- understand the implementation and operation of monetary policy.
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