Overview
This unit introduces students to macroeconomics, from the leading schools of thought and the microeconomic underpinnings to policy analysis. You will develop a broad understanding of the various indicators of macroeconomic performance of a country, such as inflation, unemployment and economic growth, as well as their interrelation, strengths and deficiencies. … For more content click the Read More button below.
Offerings
S1-01-CLAYTON-ON-CAMPUS
S2-01-CLAYTON-ON-CAMPUS
Requisites
Prohibition
Rules
Enrolment Rule
Contacts
Chief Examiner(s)
Dr Jaai Parasnis
Learning outcomes
On successful completion of this unit, you should be able to:
1.
interpret recent movements in key economic indicators of the Australian and other economies and appreciate some of the definition and measurement problems associated with the available data
2.
understand the importance of distinguishing between the short-run and long-run impacts of macroeconomic policy
3.
apply economic analysis appropriate to achieving an understanding of the working of the macroeconomy
4.
recognise the significance of Australia's economy in relation to the rest of the world and the implications of this interdependence for the balance of payments and exchange rate
5.
understand regulatory and political environments and how they impact on business and the economy.