Overview

The unit introduces students to the study of economics from a macroeconomic perspective. Fundamental principles of macroeconomics will be applied to the analysis of Gross Domestic Product, National Income and Aggregate Expenditure, savings and investment, unemployment, money and the Australian monetary system, and aggregate demand and supply in the short … For more content click the Read More button below.

Offerings

S2-01-PENINSULA-ON-CAMPUS

Contacts

Chief Examiner(s)

Dr Ratbek Dzhumashev

Unit Coordinator(s)

Dr Ratbek Dzhumashev

Notes

IMPORTANT NOTICE:
Scheduled teaching activities and/or workload information are subject to change in response to COVID-19, please check your Unit timetable and Unit Moodle site for more details.

Learning outcomes

On successful completion of this unit, you should be able to:
1.

gain an insight into the product, money, labour and foreign exchange markets, and knowledge and understanding of the Australian economy and its operation in an international environment

2.

identify and explain economic systems and the concept of resource allocation

3.

discuss the implementation of economic policy in a macroeconomic framework, and the ability of economics as an evolutionary science to address the persistent social and economic problems confronted by society

4.

recognise regulatory and political environments and how they impact on business

5.

acquire the basis for more advanced studies in economics

6.

demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered.

Teaching approach

Active learning

Assessment

1 - Within semester assessment
2 - Examination

Scheduled and non-scheduled teaching activities

Lectures
Tutorials

Workload requirements

Workload