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Intermediate Macroeconomics (9539.1)

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

Availability

    Syllabus

    This unit builds on concepts in the foundation unit. It will examine in more detail the concepts of output, unemployment, inflation, consumption, and investment. Students will examine how these concepts affect the dynamics of an economy and the economic triggers available to help manage their effect.

    Learning Outcomes

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

    1. Explain the standard theory in macroeconomics at an intermediate level;

    2. Use the basic tools of macroeconomic theory, and apply them to help address problems in public policy;

    3. Analyse the role of government in allocating scarce resources;

    4. Explain how inflation affects entire economic systems;

    5. Synthesise the impact of employment and unemployment in a free market economy;

    6. Build macroeconomic models to describe changes over time in monetary and fiscal policy;

    7. Compare and contrast arguments concerning business, consumers and government, and make good conjectures regarding the possible solutions;

    8. Analyse the methods of computing and explaining how much is produced in an economy; and

    9. Apply basic tools that are used in many fields of economics, including uncertainty, capital and investment, and economic growth

    Contact Hours

    150 learning hours in online self-paced mode.

    Prerequisites

    9519 Foundations of Macroeconomics OR 10083 Money, Employment and Growth.

    Corequisites

    None.

    Assumed Knowledge

    NONE

    Incompatible Units

    6383 Intermediate Macroeconomics

    Equivalent Units

    6383 Intermediate Macroeconomics



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