units

ECB2330

Faculty of Business and Economics

print version

This unit entry is for students who completed this unit in 2016 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Faculty

Business and Economics

Organisational Unit

Department of Economics

Coordinator(s)

Dr James Bugden

Offered

Berwick

  • First semester 2016 (Day)

Synopsis

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.

Outcomes

The learning goals associated with this unit are to:

  1. understand the measurement of income, prices, money and unemployment
  2. distinguish between the short-run and long-run impacts of macroeconomic policy
  3. understand the concepts of aggregate demand, aggregate supply and general equilibrium, and be able to use them for policy analysis
  4. understand the effect of macroeconomic policy on the trade balance, inflation, unemployment and income
  5. be able to critically assess macroeconomic policy.

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

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.

See also Unit timetable information

Chief examiner(s)

Prerequisites

Prohibitions