Contemporary Issues in Macroeconomics (6400.4)

Availability

Unit Outlines

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• Semester 2, 2015, ON-CAMPUS, BRUCE (139417) - View

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Availability

This unit is no longer offered. Information may be available for Units in the following years:

• Version 1 - Start Date: 21/07/2004 End Date: 31/12/2006
• Version 2 - Start Date: 01/01/2007 End Date: 31/12/2008
• Version 3 - Start Date: 01/01/2009 End Date: 31/12/2012
• Version 4 - Start Date: 01/01/2013 End Date: 31/12/2015

Syllabus

This unit focuses on the role of government in the macro economy. It begins with an examination of the different schools of thought about the role of government and macroeconomic policy in modern economics. It then analyses the economic role of government in Australia in the light of these theories, incorporating into the analysis the policy constraints imposed by this country's political institutions and culture. Particular attention is paid to the pressures on policy arising from the international economy and international institutions. The unit examines current policy issues such as unemployment, wages policy, income distribution, foreign debt and foreign ownership.

Learning Outcomes

Building on Intermediate Macroeconomic theory, students will be able to:

1. Apply these theories to the analysis of contemporary Macroeconomic problems in Australia;

2. Argue the cases for taking differing approaches to fiscal and monetary policy; and

3. Evaluate how Macroeconomic policy should be adjusted to take into account both asset prices and various theories of the natural rate of unemployment.

Contact Hours

Normally thirty nine hours per semester.

Prerequisites

Intermediate Macroeconomics.