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After successfully completing this subject, you will be able to:
- Interpret economic data, and use graphs to represent economic theory and practice
- Identify and communicate the main issues of concern to the Australian economy and assess the potential impact of those issues on government, business and individuals
- Articulate culturally sensitive and ethical reasoning to changes in economic policy and activity
- Argue and defend conflicting objectives of economic policy.
- Economic output
- Determination of output, employment and prices using an AD/AS model and Aggregate Expenditure (Keynesian) model
- The business cycle and unemployment
- Inflation and its relationship with unemployment
- Balance of payments, external debt and net foreign liabilities
- Foreign exchange markets
- Monetary policy, fiscal policy and policies to promote economic growth
- Policy overview and assessment
You cannot enrol in this subject if you have successfully completed any of the following subject(s) because they are considered academically equivalent:
- USA-ECO12-Macroeconomics 1
You must have successfully completed the following subject(s) before starting this subject:
No special requirements
- (50-60%) (0%)
- (40-50%) (0%)