Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 195)
Economics subject : Next:316-102 | Search | Help
Year 1 Economics.
Credit points: 12.5
Coordinator: Dr R Dixon.
Prerequisite: 316-102 Introductory Microeconomics.
Contact: Two 1-hour lectures and a 1-hour tutorial a week.
Timetable: Second semester
Objectives:
On completion of this subject students should be able to:
- explain the relationship between macroeconomics and microeconomics;
- explain the circular flow and national income concepts and identities, stock-flow distinctions and the main functional relationships used in macroeconomics;
- explain the link between aggregate demand and employment determination;
- understand elementary models of inflation, balance of payments and longer-run growth;
- read and critically evaluate popular literature on macro-economic policy issues;
- describe recent behaviour of key economic data for Australia.
Content:
An introduction to macroeconomic theory and policy. Economic aggregates such as aggregate production and employment, the general level of prices and inflation, the exchange rate, the volume of money and the balance of payments. An introduction to inter-industry analysis. Analysis particularly directed to models of an open economy such as Australia and current economic problems and policy issues.
Assessment:
A 2-hour end-of-semester examination (80 per cent) and two written assignments of up to 2,000 words in total (20 per cent). One assignment may take the form of a class test.
Prescribed texts:
Economics subject : Next:316-102 | Search | Help
Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 195)
Status: Official 1996 Date created: Oct 9 1995 Last modified: Oct 9 1995 Authorised by: Academic Registrar Email enquiries: Course_Information@registrar.unimelb.edu.au
Maintained by: Dept. of Economics, Faculty of Economics and Commerce.
Copyright © University of Melbourne 1995,1996.