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Foundations of Macroeconomics (9519.1)

Level: Undergraduate First Year Level
Credit Points: 3
HECS Bands: 2, 3
Faculty: Faculty of Business, Government & Law
Discipline: School of Government & Policy

Availability

    Unit Outlines

    To view your Unit Outline, click View to log in to MyUC and access this information, or visit your unit's online teaching site.

    • Flexible and Self Paced Period 11, 2016, SELF-PACED, BRUCE (149964) - View
    • Flexible and Self Paced Period 10, 2016, SELF-PACED, BRUCE (150150) - View
    • Flexible and Self Paced Period 9, 2016, SELF-PACED, BRUCE (150302) - View
    • Semester 2, 2016, ONLINE, BRUCE (152157) - View
    • Flexible and Self Paced Period 7, 2016, SELF-PACED, BRUCE (150541) - View
    • Winter Term, 2016, ONLINE, BRUCE (152649) - View
    • Flexible and Self Paced Period 6, 2016, SELF-PACED, BRUCE (152787) - View
    • Flexible and Self Paced Period 5, 2016, SELF-PACED, BRUCE (152924) - View
    • Flexible and Self Paced Period 4, 2016, SELF-PACED, BRUCE (153025) - View
    • Semester 1, 2016, ONLINE, BRUCE (154956) - View
    • Flexible and Self Paced Period 2, 2016, SELF-PACED, BRUCE (153345) - View
    • Flexible and Self Paced Period 1, 2016, SELF-PACED, BRUCE (153465) - View
    • Flexible and Self Paced Period 12, 2015, SELF-PACED, BRUCE (138206) - View
    • Summer Semester 2015/16, ONLINE, BRUCE (149913) - View
    • Flexible and Self Paced Period 8, 2015, SELF-PACED, BRUCE (138213) - View
    • Semester 2, 2015, ONLINE, BRUCE (146600) - View
    • Flexible and Self Paced Period 6, 2015, SELF-PACED, BRUCE (138211) - View

    If a link to your Unit Outline is not displayed, please check back later. Unit Outlines are generally published by Week One of the relevant teaching period.

    Syllabus

    The purpose of this unit is to provide students with a fundamental understanding of the principles of macroeconomics. Macroeconomics is the study how a country?s economy works and the theories and models used to determine the best choices to improve the overall wellbeing of a nation.

    Learning Outcomes

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

    1. Discuss key macroeconomic concerns, including national income accounting, saving and investment, and market forces;

    2. Describe the determinants of total output and the ways to measure nominal Gross Domestic Product (GDP) as well as real GDP;

    3. Compare and contrast definitions of total employment and unemployment, the three forms of unemployment, and inflation;

    4. Explain the model of aggregate demand and aggregate supply;

    5. Analyse the government's role in the economy examining how it uses its fiscal policy and monetary policy to influence macroeconomic variables enabling macro and micro economic stability;

    6. Describe the mechanics of money supply in detail;

    7. Identify and analyse major theories of economic growth;

    8. Analyse various strategies for developing of less-developed nations; and

    9. Present the concepts behind international trade.

    Assessment Items

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    Contact Hours

    150 learning hours in online self-paced mode.

    Prerequisites

    9518 Foundations of Microeconomics OR 6355 Introduction to Economics

    Corequisites

    None

    Assumed Knowledge

    None

    Incompatible Units

    None

    Equivalent Units

    No

    Referenced Courses



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