Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should be able to understand factors which contribute to movements in economic activity and the way in which areas of economic activity interact; describe the major macroeconomic characteristics of the Australian economy; describe, analyse and assess the current phase of the Australian business cycle and its likely future movements; consider economic policies which might be used and to evaluate their effects in qualitative and quantitative terms; understand the implications for the Australian economy of fluctuations in the economics of Australia's major trading partners.
Synopsis Analysis of movements in and determinants of the major components of aggregate demand, consumption, investment, government, exports, imports. An evaluation of Government policies and their effects on full employment, price stability and external viability in the context of the Australian economy.
Assessment Assignment and class tests: 25% + Examination (2 hours): 75% + Students must pass the examination in order to pass the subject. + The final mark that a student receives for the subject will be determined by the subject leader taking into account all aspects of assessment.