Macroeconomic Policy
UndergraduateSWI-ECO200042020
Course information for 2020 intake
Familiarise yourself with economic frameworks including the Mundell-Fleming model. Zero in on issues like GDP growth, government debt and cash rate changes.
Calculate how contemporary macroeconomic theory manifests itself in government policies.
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Prior study needed
- Duration
- 13 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Macroeconomic Policy
About this subject
Students who successfully complete this subject should be able to:
- Analyse current macroeconomic policy issues such as GDP growth, government debt, budget and current account deficits, inflation-targeting policy and changes in the cash rate
- Understand macroeconomic theories at an intermediate level focusing on both the short- and long-run topics; together with popular debate and specific policies and their outcomes
- Evaluate the monetary and fiscal policies aimed at stabilising the economy utilising the aggregate demand and supply framework
- Work collaboratively in a team environment, to achieve set goals related to the building of knowledge of economics.
- The Quantity Theory of Money
- National Income
- Monetary System
- Inflation and interest rates
- Unemployment and Labor market
- Saving and Investment
- The international Flows of Capital and Goods
- Exhange Rates
- The Facts about the Business Cycle
- The Goods Market and the IS Curve
- The Money Market and the LM Curve
- The Short-Run Equilibrium
- The Mundell-Fleming Model and The Exchange Rate Regime
- Theory of Aggregate Supply
- Inflation, Unemployment, and the Phillips Curve
- Stabilization Policies
- Financial System and Financial Crisis
- Government Debt and Budget Deficits
This subject aims to provide students an understanding of both short-run topics in macroeconomics, such as the business cycle, economic fluctuations and stabilisation policies, and long-run topics, such as economic growth, the natural rate of unemployment, persistent inflation, and the effect of government debt. Students also learn how to use various macroeconomics models when analysing economic events and public policies.
- Assignment — Group (20-30%)
- Mid Semester Test — Individual (20-30%)
- Invigilated Exam — Individual (40-60%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Prior study
You must have successfully completed the following subject(s) before starting this subject:
one of
Equivalent subjects
You won't be able to enrol into this subject if you've already successfully completed or currently enrolled in the following subject(s) as they are considered anti-requisites due to the similarity of the content.
SWI-ECO10002 (Not currently available)
SWI-ECO10003-Macroeconomics (no longer available)
Others
If you have completed either combination (ECO10002 & ECO10003) OR (ECO11 & ECO12) you cannot enrol in ECO10004 and ECO20004 as these unit combinations are deemed as equivalent.
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
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