Macroeconomics for Managers (ECON90032)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Availability
Semester 1
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The subject covers issues relating to the labour market (employment and unemployment), the product market (consumption, saving and investment) and the markets for finance and foreign exchange. It covers the role of government economic policy as well as issues such as inflation and the balance of payments.

Intended learning outcomes

On successful completion of this subject students should be able to:



  • Synthesise the Classical and Keynesian divide within macroeconomic theory and policy;
  • Identify and classify the constituent parts of a countrys Balance of Payments and explain the factors that may influence these components;
  • Explain both the causes and consequences of movement in a countrys exchange rate;
  • Explain both the causes and consequences of inflation and evaluate the policy options available to governments;
  • Explain both the causes and consequences of unemployment and evaluate the policy options available to governments;
  • Identify and explain key aspects of both monetary and budgetary policy;
  • Access and interpret a wide range of economic statistics.

Generic skills

On successful completion of this subject, students should have improved the following generic skills:

  • Evaluation of ideas, views and evidence
  • Synthesis of ideas, views and evidence
  • Critical thinking
  • Application of theory to economic policy and business decision making
  • Accessing economic and other information
  • Summary and interpretation of information
  • Written communication

Last updated: 20 December 2024