James Cook University Subject Handbook - 2002

EC2001:03

Macroeconomics 2B

Townsville, Cairns

HECS Band 2

26 hours lectures, 12 hours tutorials (Townsville campus); video-conferenced lectures to Cairns campus. Semester 2.

Staff: Mr I Fleming.

Expansion of the theoretical macroeconomic model by introducing the overseas sector. Aggregate dynamics and price adjustment, foreign exchange and the FOREX market, domestic money market and inflation and the long run model of economic growth.

Learning Objectives:

  1. to present the basics of intermediate macroeconomic theory, introducing students to economic model building and algebraic and computer modelling.

Assessment by written assignment, seminar presentation (30%); end-of-semester written examination (70%).