11001 (v.3) Economics (Macro) 101

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Area:	School of Economics and Finance
Credits:	25.0
Contact Hours:	3.0
Lecture:	1 x 2 Hours Weekly
Tutorial:	1 x 1 Hours Weekly
Syllabus:	Introduction to macro economics, the circular flow of income, nature, function and importance of money, measures of aggregate income, aggregate equilibrium and a simple Keynesian model, the multiplier, accelerator, and a Keynesian view of the business cycle, money and its relation to the main economic aggregates, the balance of payments and the exchange rate, introduction to government policy instruments, critique of current economic theory and policy.
Unit Outcomes:	On successful completion of this unit students will have - Learnt economic terms and to read and interpret economic and business news in the newspapers, magazines and on TV. Discussed critical economic issues such as - unemployment, inflation, GDP, economic growth, taxes, government spending, the role of money, monetary policy and interest rates, the current account, and the exchange rate. Learnt to understand and evaluate economic policies of the government and the impact that changes in policies and inthe economic environment have on individuals, households, firms and economies.
Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.
Unit References:	McTaggart D., Findlay C. and Parkin M., (1999), Macroeconomics, 3rd ed., Addison Wesley Longman. Indecs Economics, (1995), State of Play 8, The Australian Economic Policy Debate, Allen and Unwin. Jackson J., McIver R. and McConnell C., (1994), Macroeconomics, 4th ed., McGraw-Hill. Kennedy P., (1997), Macroeconomics - Essentials for Media Interpretation, MIT Press. Mankiw, N.G., (1998), Principles of Macroeconomics, The Dryden Press. Samuelson P. A., Nordhaus W. D., Richardson S., Scott G. and Wallace R., (1992), Economics, 3rd Australian ed., McGraw-Hill. Kniest P., Lee, J. and Burgess J., (1998), Introduction to Macroeconomics, Macmillan Education. Waud R.N., Maxwell P., Hocking A., Bonnici,J. and Ward I., (1996), Macroeconomics, 3rd Australian ed., Addison Wesley Longman.
Unit Texts:	Crompton P., Swann M., Hopkins S. and McEachern, (2001) Macroeconomics - A Contemporary Introduction, 1st ed., Nelson, Thompson Learning.
Unit Assessment Breakdown:	Essay 20%. Final Examination 50%. Mid Semester Test 20%. Tutorial Participation 10%. This is by grade/mark assessment.
Year Location Period Internal Area External Central External 2004 Bentley Campus Semester 1 Y     2004 Bentley Campus Semester 2 Y   Y 2004 Bentley Campus Summer Period Y     2004 Joondalup Campus Semester 1 Y     2004 Joondalup Campus Semester 2 Y     2004 Informatics Group S'pore Term 4 Y     2004 Infrmtcs BH Islamabad Trimester 1 Y     2004 Infrmtcs CS S'pore Trimester 2 Y     2004 Infrmtcs CS S'pore Trimester 3 Y     2004 Metro College Malaysia Semester 1 Y     2004 Metro College Malaysia Semester 2 Y     2004 Metro College Malaysia Summer Period Y     2004 Miri Sarawak Campus Semester 2 Y