Monash College Unit Guide

MACROECONOMICS (MCD2090)

Purpose

This unit is designed to enable application of macroeconomic principles to the analysis and evaluation of economic policies.

Prerequisite

Nil

Learning outcomes

On completion of this unit, students should be able to:

1. Apply economic analysis appropriate to achieving an understanding of the working of the macro economy.
2. Explain and apply the principles of aggregate demand and aggregate supply and explain their relationship to equilibrium of the economy.
3. Explain and analyse the forces which determine the level of national output, employment and inflation.
4. Explain and analyse the role of the money supply and interest rate in determining the level of economic activity.
5. Explain the significance of Australia's economy in relation to the rest of the world and the implications of this interdependence for the balance of payments and the exchange rate and
6. Explain the relationship between inflation and unemployment.

Assessment

Essays, tests or other assignments: 30%

Examination: 70%

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