ECB2330 - Macroeconomic policy

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Overview

This unit develops analytical skills and fundamental concepts that economists need in order to understand the overall macroeconomic policies. It will cover the cyclical behaviour of the economy; the determinants of the level of national income, money and inflation, interest rate, exchange rate, capital flows, international trade, and the natural … For more content click the Read More button below.

This unit develops analytical skills and fundamental concepts that economists need in order to understand the overall macroeconomic policies. It will cover the cyclical behaviour of the economy; the determinants of the level of national income, money and inflation, interest rate, exchange rate, capital flows, international trade, and the natural rate of unemployment; the role of monetary, fiscal and exchange rate policies in influencing economic activities.

Offerings

S1-01-PENINSULA-ON-CAMPUS

Requisites

Prerequisite

Prohibition

Rules

Enrolment Rule

Contacts

Chief Examiner(s)

Dr Anupama Sethi

Learning outcomes

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

understand the measurement of income, prices, money and unemployment

distinguish between the short-run and long-run impacts of macroeconomic policy

understand the concepts of aggregate demand, aggregate supply and general equilibrium, and be able to use them for policy analysis

understand the effect of macroeconomic policy on the trade balance, inflation, unemployment and income

be able to critically assess macroeconomic policy.

Teaching approach

Active learning

Assessment

1 - Within semester assessment

2 - Examination

Scheduled and non-scheduled teaching activities

Lectures

Tutorials

Workload requirements

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.