ECG9121

Introduction to macroeconomic theory and policy

Dr Shirley Richardson and Ms Jasmine Rushdi

6 points
* Distance, approximately 12 hours per week
* First semester
* Gippsland

Objectives On completion of this subject students should gain the following knowledge and skills: a rigorous, theoretical and practical grounding in macroeconomic principles; ability to apply those principles to judge the usefulness and limitations of contemporary macroeconomic policy debates; an ability, in further studies, to apply those principles to the issues of regional economic development, natural resources and environmental policy from both an Australian and international perspective.

Synopsis This subject covers principles of macroeconomic analysis of product, capital, money and labour markets. It also deals with the concepts of national accounts, governmental expenditure, economic growth, inflation, unemployment, interest rates, currency exchange rates and balance of payments. Contemporary macroeconomic policy issues from both a small open economy and a regional perspective are especially emphasised.

Assessment Essay work (4000 words): 40%
* Examination: 60%

Prescribed texts

McTaggart D and others Economics 2nd edn, Addison-Wesley, 1995