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Handbook 1997 : Faculty of Economics and Commerce : Economics

316-101 Introductory Macroeconomics

Coordinator:

Dr R Dixon

Pre/Corequisite/s:

316-102 Introductory Microeconomics.

Timetable:

Semester 2

Contact:

Two 1-hour lectures and a 1-hour tutorial a week

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 is particularly directed to models of an open economy and to current economic problems and policy issues.

Assessment:

A 2-hour end-of-semester examination (70%); assignments of up to 2000 words in total (20%) and a mark based on attendance and participation in tutorials (10%). One assignment may take the form of a class test.

Prescribed Texts:

  • McTaggart D et al., Macroeconomics, (Addison Wesley) 2nd Ed.
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Handbook 1997 : Faculty of Economics and Commerce : Economics 
Status:                   OFFICIAL 1997
Last Modified:            Wednesday March 12 3:36 pm
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Email Enquiries:          Course_Information@registrar.unimelb.edu.au
Copyright © University of Melbourne 1997.