The University of Newcastle, Australia
Available in 2020
Course code

ECON2002

Units

10 units

Level

2000 level

Course handbook

Description

This course builds on the first year course by extending and deepening the analytical and policy framework. New analytical approaches are developed to examine the important debates about the operation of the labour market and employment determination, the role of financial markets in the changing global economy and the conduct of macroeconomic policy. Students are equipped with the tools, skills and knowledge base necessary to understand the operation of the macroeconomy and to critically evaluate competing views about the conduct of policy.


Availability2020 Course Timetables

PSB Singapore

  • Trimester 2 - 2020 (Singapore)
  • Trimester 3 - 2020 (Singapore)

Newcastle City Precinct

  • Semester 2 - 2020

Learning outcomes

On successful completion of the course students will be able to:

1. Discuss competing theoretical arguments about the operation of the macroeconomy.

2. Access and analyse macroeconomic data which are pertinent to contemporary macroeconomic debates in Australia and overseas.

3. Engage in critical thinking through the comparative assessment of competing macroeconomic models and policy frameworks.

4. Collaborate with fellow students in the evaluation and presentation of arguments about macroeconomic theory and policy.


Content

The topics in this include but are not limited to the following: 

  1. The nature and scope of macroeconomics
  2. National and Sectoral Accounting
  3. Growth and aggregate expenditure models
  4. Government, money, output and prices
  5. Inflation & Unemployment
  6. Monetary and Fiscal Policy
  7. Money & Banking
  8. Open economy: BOP, exchange rates, competitiveness
  9. IS/LM
  10. Policy Debates

Requisite

Students must have successfully completed ECON1002.


Assessment items

In Term Test: Mid-term test

Written Assignment: Group Project

Formal Examination: Final Exam


Contact hours

Newcastle City Precinct and PSB Singapore

Workshop

Face to Face On Campus 2 hour(s) per Week for Full Term

Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.