The University of Newcastle, Australia
Available in 2020
Course code



10 units


6000 level

Course handbook


In recent times, the global marketplace has become increasingly complex and unpredictable. Doing business in such an environment requires an understanding of macroeconomic principles that inform business decision-making policymaking in the macroeconomy. Consequently, governments are formulating policies for stabilising economic activity. This course is designed to provide students with a deeper knowledge and skills about macroeconomic principles that would enable businesses to predict changes in market conditions, have a better understanding of the factors driving change and how to allocate resources to become competitive in the market place. The course discusses the changing macroeconomy, economicmacroeconomy, economic growth, labour market dynamics, monetary and fiscal policy dynamics.

Availability2020 Course Timetables

Newcastle City Precinct

  • Semester 1 - 2020
  • Semester 2 - 2020

Learning outcomes

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

1. Synthesise the key concepts of, and relations in, open-economy macroeconomics

2. Evaluate the sources of economic growth, productivity growth and macroeconomic fluctuations that have wider economic, social and political implications

3. Analyse the evolution of major macroeconomic shocks and events, their consequences on output, employment and prices and the effect of the reactive responses of households and firms on public policies

4. Utilise macroeconomic concepts and principles to inform policy formulation and implementation process.


The content in this course includes the following:

  1. Macroeconomics: Emerging Issues
  2. Gross Domestic Product: Measuring Total Production and Income
  3. Economic Growth, Sources and Policies
  4. Labour Dynamics, Unemployment and Inequality
  5. Theories of Inflation, Monetary Policy and Economic Fluctations
  6. The Aggregate Expenditure and Output
  7. Aggregate Demand and Supply Analyses
  8. Monetary and Fiscal Policy
  9. The International Financial System
  10. The Financial Crisis and other challenges.


To enrol in this course you must be active in the Master of Business Administration (Global) programs [40160] or [40218].

Assessment items

Written Assignment: Research Essay 1

Written Assignment: Research Essay 2

Formal Examination: Final Examination

Contact hours

Newcastle City Precinct


Face to Face On Campus 3 hour(s) per Week for 12 Weeks starting in week 1

This course consists of 39 hours lecturer-guided instruction per teaching period, offered in three hour workshops per week.