Foundations of Macroeconomics (9519.1)

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Unit Outlines

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• Flexible and Self Paced Period 11, 2016, SELF-PACED, BRUCE (149964) - View
• Flexible and Self Paced Period 10, 2016, SELF-PACED, BRUCE (150150) - View
• Flexible and Self Paced Period 9, 2016, SELF-PACED, BRUCE (150302) - View
• Semester 2, 2016, ONLINE, BRUCE (152157) - View
• Flexible and Self Paced Period 7, 2016, SELF-PACED, BRUCE (150541) - View
• Winter Term, 2016, ONLINE, BRUCE (152649) - View
• Flexible and Self Paced Period 6, 2016, SELF-PACED, BRUCE (152787) - View
• Flexible and Self Paced Period 5, 2016, SELF-PACED, BRUCE (152924) - View
• Flexible and Self Paced Period 4, 2016, SELF-PACED, BRUCE (153025) - View
• Semester 1, 2016, ONLINE, BRUCE (154956) - View
• Flexible and Self Paced Period 2, 2016, SELF-PACED, BRUCE (153345) - View
• Flexible and Self Paced Period 1, 2016, SELF-PACED, BRUCE (153465) - View
• Flexible and Self Paced Period 12, 2015, SELF-PACED, BRUCE (138206) - View
• Summer Semester 2015/16, ONLINE, BRUCE (149913) - View
• Flexible and Self Paced Period 8, 2015, SELF-PACED, BRUCE (138213) - View
• Semester 2, 2015, ONLINE, BRUCE (146600) - View
• Flexible and Self Paced Period 6, 2015, SELF-PACED, BRUCE (138211) - View

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Syllabus

The purpose of this unit is to provide students with a fundamental understanding of the principles of macroeconomics. Macroeconomics is the study how a country?s economy works and the theories and models used to determine the best choices to improve the overall wellbeing of a nation.

Learning Outcomes

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

1. Discuss key macroeconomic concerns, including national income accounting, saving and investment, and market forces;

2. Describe the determinants of total output and the ways to measure nominal Gross Domestic Product (GDP) as well as real GDP;

3. Compare and contrast definitions of total employment and unemployment, the three forms of unemployment, and inflation;

4. Explain the model of aggregate demand and aggregate supply;

5. Analyse the government's role in the economy examining how it uses its fiscal policy and monetary policy to influence macroeconomic variables enabling macro and micro economic stability;

6. Describe the mechanics of money supply in detail;

7. Identify and analyse major theories of economic growth;

8. Analyse various strategies for developing of less-developed nations; and

9. Present the concepts behind international trade.

Assessment Items

Contact Hours

150 learning hours in online self-paced mode.

Prerequisites

9518 Foundations of Microeconomics OR 6355 Introduction to Economics

Corequisites

None

Assumed Knowledge

None

Incompatible Units

None

Equivalent Units

No