Related Course/s:

A subject in the Bachelor of Commerce suite.

Aims & Objectives:

• Understand the measurement, causes and costs of macroeconomic conditions
• Analyse the meaning and implications of Balance of Payments outcomes
• Explain the objectives, and workings of economic policies
• Evaluate conditions within an economy and the appropriateness of policies
• Draw and interpret graphs showing conditions in macroeconomic markets
• Recognise and interpret the meaning of key macroeconomic data

Teaching Methods:

Lecture (2 hours), Tutorial (1 hour)

Assessment:

Generic Skills Outcomes:

• Capable in their chosen professional, vocational or study areas
• Entrepreneurial in contributing to innovation and development within their business, workplace or community
• Effective and ethical in work and community situations
• Adaptable and able to manage change
• Aware of local and international environments in which they will be contributing (eg socio-cultural, economic, natural)

Content:

• Macroeconomic indicators
• Determination of levels of Output employment and prices
• Inflation and Unemployment
• Australian Balance of Payments and external debt
• Foreign exchange markets
• The money market and Monetary policy
• Fiscal policy and Microeconomic reform

Reading Materials:

Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.