Intermediate Macroeconomics (9539.1)

Availability

Syllabus

This unit builds on concepts in the foundation unit. It will examine in more detail the concepts of output, unemployment, inflation, consumption, and investment. Students will examine how these concepts affect the dynamics of an economy and the economic triggers available to help manage their effect.

Learning Outcomes

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

1. Explain the standard theory in macroeconomics at an intermediate level;

2. Use the basic tools of macroeconomic theory, and apply them to help address problems in public policy;

3. Analyse the role of government in allocating scarce resources;

4. Explain how inflation affects entire economic systems;

5. Synthesise the impact of employment and unemployment in a free market economy;

6. Build macroeconomic models to describe changes over time in monetary and fiscal policy;

7. Compare and contrast arguments concerning business, consumers and government, and make good conjectures regarding the possible solutions;

8. Analyse the methods of computing and explaining how much is produced in an economy; and

9. Apply basic tools that are used in many fields of economics, including uncertainty, capital and investment, and economic growth

Contact Hours

150 learning hours in online self-paced mode.

Prerequisites

None