6 points, SCA Band 3, 0.125 EFTSL
Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
- First semester 2019 (Evening)
- Second semester 2019 (Evening)
Students must be enrolled in course B6001 or B6014.
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; major factors determining movements in interest rates and exchange rates in both the intermediate and long terms.
The learning goals associated with this unit are to:
- understand the theoretical and practical 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 and critically assess its impact on the national economy
- be familiar with economic factors which are of a major interest to stakeholders in the banking and finance industries.
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