Macroeconomic Policy

ECO20004 12.5 Credit Points Hawthorn, Online, Sarawak

Duration

  • One Semester or equivalent

Contact hours

  • 24 hours face to face + blended

On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.

Prerequisites

or
Anti-requisite (similar in content)
and
 

Aims and objectives

This unit aims to provide students an understanding of both short-run topics in macroeconomics, such as the business cycle, economic fluctuations and stabilization policies, and long-run topics, such as economic growth, the natural rate of unemployment, persistent inflation, and the effect of government debt. Students also learn how to use various macroeconomics models when analysing economic events and public policies.
 
Unit Learning Outcomes (ULO)
Students who successfully complete this Unit should be able to:
 
1. Analyse current macroeconomic policy issues such as GDP growth, government debt, budget and current account deficits, inflation-targeting policy and changes in the cash rate;
2. Understand macroeconomic theories at an intermediate level focusing on both the short- and long-run topics; together with popular debate and specific policies and their outcomes in macroeconomics.
3. Evaluate the monetary and fiscal policies aimed at stabilising the economy utilising the aggregate demand and supply framework; and
4. Work collaboratively in a team environment, to achieve set goals related to the building of knowledge of economics