Not available in 2014
Previously offered in 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005, 2004
EPMANC171 Macroeconomic Principles is designed to develop students' understanding of the terms and principles of income and expenditure analysis, current macroeconomic issues in the Australian economy and relevant macroeconomic management policies. Through their study, students will evaluate the consequences of macroeconomic decisions in the Australian economy.
| Objectives | Students will: 1. gain a sound knowledge and understanding of macroeconomic terms, concepts and relationships. 2. develop academic skills in effective analysis, synthesis and evaluation of macroeconomic information from a variety of sources. 3. communicate economic information, ideas and issues in appropriate forms. 4. work independently and in groups to evaluate the consequences of contemporary macroeconomic problems. 5. develop an appreciation of macroeconomic principles as relevant, useful and transferable in particular to business and commerce courses at a tertiary level. 6. develop skills related to research and academic writing for different purposes and audiences. |
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| Content | 1. Income and expenditure analysis: an overview of Keynesian economics and the aggregate demand approach to national income equilibrium. 2. Current economic problems of the Australian economy: an analysis and interpretation of the current macroeconomic problems using recent economic indicators such as gross domestic product, balance of payments, inflation and unemployment. 3. Macroeconomic management: an introduction to Federal government management instruments of monetary policy/interest rates and fiscal policy/budget strategies. |
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| Replacing Course(s) | NA | ||||||||||
| Transition | NA | ||||||||||
| Industrial Experience | 0 | ||||||||||
| Assumed Knowledge | Nil | ||||||||||
| Modes of Delivery | Internal Mode | ||||||||||
| Teaching Methods | Tutorial | ||||||||||
| Assessment Items |
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| Contact Hours | Tutorial: for 3 hour(s) per Week for 13 weeks |