Money, Employment and Growth (11223.1)
|Available teaching periods||Delivery mode||Location|
|View teaching periods|| Flexible
|| UC - Canberra, Bruce
|0.125||3||Faculty Of Business, Government & Law|
|Discipline||Study level||HECS Bands|
|Canberra School Of Politics, Economics And Society||Level 1 - Undergraduate Introductory Unit|| Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
Learning outcomesAfter 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.
Graduate attributes1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - think globally about issues in their profession
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
Prerequisites11175 Introduction to Economics.
Equivalent units10083 Money, Employment and Growth.
Assumed knowledgeThis unit requires prior knowledge of basic economic principles and theories, which are covered in the pre-requisite unit Introduction to Economics.
|Year||Location||Teaching period||Teaching start date||Delivery mode||Unit convener|
|2021||UC - Canberra, Bruce||Semester 2||02 August 2021||Flexible||Dr Raymond Li|
|2022||UC - Canberra, Bruce||Semester 2||01 August 2022||Flexible||Dr Raymond Li|
In this unit, the textbook serves as an essential supplement to the lectures. The lectures will introduce and explain the key concepts and theories in each topic, as well as their applications in the Australian and global economies. The assigned textbook readings for each week will help you dive deeper into the content and retain the knowledge. The following textbook is chosen for this unit and it is specifically designed with a focus on Australian applications.
Parkin, Michael & Bade, Robin, Macroeconomics: Australia in the Global Environment (2nd Edition) Pearson.
In order to grasp the concepts covered in this unit, it's important that you read broadly from other economists in this field. Below are two excellent entry-level macroeconomics textbooks written by well-known professors and practitioners:
Bernanke, Ben, Olekalns, Nilss & Frank, Robert H., Principles of Macroeconomics
Mankiw, Gregory, Macroeconomics
If you wish to challenge yourself or get some exposure into intermediate level macroeconomics, you may consult the following texts:
Blanchard, Olivier & Sheen, Jeffrey, Macroeconomics: Australasian Edition
Dornbusch, Rudiger, Macroeconomics
Submission of assessment items
Extensions & Late submissions
URKUND will be used to check for plagiarism for all assignments. Your assessments must be written in your words and citations used when referencing material from published sources. One URKUND preview will be available for students to check their assessment prior to submission. Students will only receive an URKUND for one draft submission of their work and again once their assessment have been formally submitted. Do not submit drafts to other Canvas sites, as this will be considered a form of self-plagiarism. Do not submit any material that has been formally submitted to other units. This is a form of academic misconduct.
You are strongly encouraged to participate as much as you can during tutorials, as you can get instant feedback to your questions. Also, students will benefit most from two-way discussions on the theories and their applications. Participation in lectures and tutorials, reading assigned materials and working through problems is a complete learning package that will bring out the most of the unit content.
Required IT skills
Proficiency in Microsoft Office softwares (Word, Excel, PowerPoint)
Work placement, internships or practicums