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Money, Employment and Growth (10083.1)

Level: Level 1 - Undergraduate Introductory Unit
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.

    • Semester 2, 2018, ON-CAMPUS, BRUCE (179615) - View
    • Semester 2, 2017, ON-CAMPUS, BRUCE (167228) - View
    • Semester 2, 2016, ON-CAMPUS, BRUCE (156373) - 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

    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, students will be able to:

    1. Explain basic economic concepts and how the competitive market operates using demand and supply models;

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

    3. Undertake an analysis of the Australian economy using simple macroeconomic models using diagrams and in simple quantitative terms;

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

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

    Assessment Items

    Contact Hours

    150 learning hours per semester.

    Prerequisites

    None.

    Corequisites

    None.

    Assumed Knowledge

    NONE

    Incompatible Units

    Foundations of Macroeconomics, 9519.

    Equivalent Units

    NO.

    Referenced Courses



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