ECF2331 - Macroeconomic policy

There is a more recent version of this academic item available.

Overview

This unit examines the scope for policy to improve macroeconomic performance. It will cover: the cyclical behaviour of the economy; the role of monetary, fiscal and exchange rate policies in influencing economic activities; the implementation and operation of monetary policy; the relationship of exchange rates to monetary policy.

Offerings

S1-01-CAULFIELD-ON-CAMPUS

S2-01-CAULFIELD-ON-CAMPUS

TRI-A-29-CITY-ON-CAMPUS

TRI-B-29-CITY-ON-CAMPUS

Requisites

Prerequisite

Prohibition

Rules

Enrolment Rule

To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.

Trimester A, Trimester B, and Trimester C City location offerings for this unit are only available for Bachelor of International Business and associated double degree students.

Contacts

Chief Examiner(s)

Professor Mark Crosby

Dr Kris Ivanovski

Unit Coordinator(s)

Dr Ying Zhou

Learning outcomes

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

understand the importance of distinguishing between the short-run and long-run impacts of macroeconomic policy

understand the importance of and the differences between monetary, fiscal, and exchange rate policies

critically assess macroeconomic policy

understand the implementation and operation of monetary policy.

Assessment

1 - Within semester assessment

2 - Examination

Scheduled and non-scheduled teaching activities

Lectures

Tutorials

Workshops

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.