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Money, Employment and Growth (11223.1)

Level: Level 1 - Undergraduate Introductory Unit
Credit Points: 3
HECS Bands: 2, 3
Faculty: Faculty of Business, Government & Law
Discipline: Canberra School of Politics, Economics and Society

Availability

Unit Outlines

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  • Semester 2, 2019, ON-CAMPUS, BRUCE (184880) - View

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Syllabus

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.

Learning Outcomes

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.

Assessment Items

Contact Hours

One 2 hour lecture and one 1 hour tutorial on-campus per week.

Prerequisites

11175 Introduction to Economics.

Corequisites

None.

Assumed Knowledge

This unit requires prior knowledge of basic economic principles and theories, which are covered in the pre-requisite unit Introduction to Economics.

Incompatible Units

None.

Equivalent Units

10083 Money, Employment and Growth.



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