Money, Employment and Growth (11223.1)
|Level:||Level 1 - Undergraduate Introductory Unit|
|HECS Bands:||2, 3|
|Faculty:||Faculty of Business, Government & Law|
|Discipline:||Canberra School of Politics, Economics and Society|
UC - Canberra, Bruce
Year Teaching Period Convener Mode of Delivery 2020 Semester 2 DR Raymond LI (Ph: +61 2 62015211 ) ON-CAMPUS
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- Semester 2, 2019, ON-CAMPUS, BRUCE (184880) - View
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This foundation unit introduces 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.
After successful completion of this unit, students will be able to:
1. Explain introductory macroeconomic concepts and how the competitive market operates using demand and supply models;
2. Explain the meaning and significance of macroeconomic terms and concepts;
3. Analyse the Australian economy using simple macroeconomic models, diagrams and simple quantitative terms;
4. Explain how output, employment and price are determined using the standard aggregate demand/ supply model;
5. Describe how fiscal and monetary policies can be used to achieve macroeconomic goals in an open economy like Australia; and
6. Reflect upon their unit experience, including theories, discussions and feedback, and how it relates to the goals set out in their professional portfolio.
One 2 hour lecture and one 1 hour tutorial on-campus per week.
11175 Introduction to Economics.
This unit requires prior knowledge of basic economic principles and theories, which are covered in the pre-requisite unit Introduction to Economics.
10083 Money, Employment and Growth.
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