11001 (v.3) Economics (Macro) 101

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.

Texts and references listed below are for your information only and current as of September 30, 2003. Some units taught offshore are modified at selected locations. Please check with the unit coordinator for up-to-date information and approved offshore variations to unit information before finalising study and textbook purchases.

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.

Field of Education:

91901 Economics

HECS Band (if applicable):

Extent to which this unit or thesis utilises online information:

Supplemental

Result Type:

Grade/Mark

Availability

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

Area External	refers to external course/units run by the School or Department, offered online or through Web CT, or offered by research.
Central External	refers to external course/units run through the Curtin Bentley-based Distance Education Area

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