Managing the Economy (11226.1)
Please note these are the 2024 details for this unit
| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | Flexible |
UC - Canberra, Bruce |
| EFTSL | Credit points | Faculty |
| 0.125 | 3 | Faculty Of Business, Government & Law |
| Discipline | Study level | HECS Bands |
| Canberra School Of Politics, Economics And Society | Level 3 - Undergraduate Advanced 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) |
Competing theories of Macroeconomics are analysed in the context of the assumptions on which they are based. These theories have widely differing implications for countercyclical fiscal and monetary policy. Students will develop their own informed view of how the Macroeconomy works.
1. Explain rival macroeconomic theories and the assumptions underpinning them;
2. Use macroeconomic theory to develop recommendations for appropriate monetary and fiscal policy and be able to explain the reasons for these proposals; and
3. Reflect upon their unit experience, including theories, discussions and feedback, and how it relates to the goals set out in their professional portfolio.
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 - take pride in their professional and personal integrity
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
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
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
Learning outcomes
After successful completion of this unit, students will be able to:1. Explain rival macroeconomic theories and the assumptions underpinning them;
2. Use macroeconomic theory to develop recommendations for appropriate monetary and fiscal policy and be able to explain the reasons for these proposals; and
3. Reflect upon their unit experience, including theories, discussions and feedback, and how it relates to the goals set out in their professional portfolio.
Graduate attributes
1. UC graduates are professional - communicate effectively1. 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 - take pride in their professional and personal integrity
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
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
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
Prerequisites
11175 Introduction to Economics AND 11223 Money, Employment and Growth.Corequisites
None.Incompatible units
None.Equivalent units
6383 Intermediate Macroeconomics.Assumed knowledge
This unit requires sound prior knowledge of economic and, specifically, macroeconomic principles and theories, which are covered in the pre-requisite units Introduction to Economics and Money, Employment and Growth.
Availability for enrolment in 2024 is subject to change and may not be confirmed until closer to the teaching start date.
| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|---|---|---|---|---|
| 2023 | UC - Canberra, Bruce | Semester 2 | 31 July 2023 | Flexible | Dr Craig Applegate |
| 2024 | UC - Canberra, Bruce | Semester 2 | 29 July 2024 | Flexible | Dr Craig Applegate |
The information provided should be used as a guide only. Timetables may not be finalised until week 2 of the teaching period and are subject to change. Search for the unit
timetable.
Required texts
Main textbook: Mankiw, G (2021) Macroeconomics, 11th edition, Macmillan. UC Library: HB 172.5.M36
You can buy this if you want to, but it is available in the library. Also, previous editions of this book are perfectly fine as the changes between editions are not substantive. Only the examples change.
Participation requirements
None. However, it is difficult to pass this unit if you don't attend tutprtials, either in person or by dialing in.
Required IT skills
Basic familiarity with Microsoft Word.
In-unit costs
Your sanity
Work placement, internships or practicums
This unit involves WIL simulation
