ECW2730 - Macroeconomic policy

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Overview

Macroeconomic policy as it affects the open economy; policy consequences of consumption and investment decisions; analysis of policies with respect to the real exchange rate and trade balance; policy responses to assets price movements; policy goals under different international monetary systems; the economic benefits and costs of optimum currency areas; … For more content click the Read More button below.

Macroeconomic policy as it affects the open economy; policy consequences of consumption and investment decisions; analysis of policies with respect to the real exchange rate and trade balance; policy responses to assets price movements; policy goals under different international monetary systems; the economic benefits and costs of optimum currency areas; how policy-makers in Australia try to stabilise the economy.

Offerings

S1-01-MALAYSIA-ON-CAMPUS

Requisites

Prerequisite

Prohibition

Contacts

Chief Examiner(s)

Professor Eduard Bomhoff

Learning outcomes

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

understand the impact of monetary and government policies on an open economy

explain the policy consequences of consumption and investment decisions

explain how policies affect the trade balance and income

analyse policy responses to assets price movements

evaluate the economic benefits and costs of optimum currency areas.

Assessment

1 - Within semester assessment

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.