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Money, Employment and Growth (6369.4)

Level: Undergraduate Second Year Level
Credit Points: 3
HECS Bands:
Faculty: Faculty of Business, Government & Law
Discipline: School of Government & Policy

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    Unit Outlines

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    • Semester 1, 2015, ON-CAMPUS, BRUCE (145719) - View

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    Syllabus

    This unit is designed to provide an introductory analytical framework for the study of macroeconomics. Particular emphasis is placed on the relationships between different sectors of the economy and on the policy implications of the framework developed. Topics covered in the course include the theories of the determination of output, employment and growth, including the role of overseas trade: the role of money, banking and the rate of interest in the economy; the labour market and inflationary processes. Wherever possible current Australian illustrations will be given.

    Learning Outcomes

    On successful completion of this unit, participants will be able to:

    1. Explain the meaning and significance of basic macroeconomic terms and concepts;

    2. Undertake an analysis of the Australian economy using simple macroeconomic models in both diagrammatic and quantitative terms;

    3. Explain how output, employment and price are determined using the aggregate demand/aggregate supply model;

    4. Describe how fiscal and monetary policies can be used to achieve macroeconomic goals in an open economy like Australia;

    5. Evaluate current macroeconomic events from different economic perspectives.

    Contact Hours

    Normally thirty nine hours per semester.

    Prerequisites

    Introduction to Economics.

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