EC2000:03
Macroeconomics 2A
Townsville
Prerequisites: EC1005
26 lectures, 24 tutorials. First semester.
Staff: Mr I Fleming.
The macro-economy; inflation and unemployment; the long-run growth model; fiscal and monetary policies in a full-employment economy; short-run fluctuations; the IS-LM model; the complete model; macroeconomic policy; the microeconomic foundations of aggregate demand — consumption, investment; foreign exchange and the exchange rate; the budget deficit; the monetary system; monetary and fiscal policies and the Australian institutional framework.
Learning Objectives:
- to present the basics of intermediate macroeconomic theory, introducing students to economic model building and algebraic and computer modelling.
Assessment by written assignment, computer workshop, seminar presentation (20%); end-of-semester written examination (80%).