ECO220 Macroeconomic Analysis (8)

CSU Discipline Area: Economics and Finance (ECFIN)Economics and Finance (ECFIN)

Duration: One session

Abstract:

This subject extends the study of macroeconomics to encompass a comprehensive model of an open economy such as Australia. Emphasis is placed on the relationship between real and financial sectors of the Australian economy and the impact of various internal and external shocks to the domestic economy and its financial markets.

+ Subject Availability Modes and Locations

Session 1
Internal	Bathurst
Internal	HELP University College
Distance	Bathurst

Continuing students should consult the SAL for current offering details: ECO220

Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Assumed Knowledge:

ECO110 and (ECO120 and ECO100 )

Objectives:

Upon successful completion of this subject, students should:

Understand the operation of the open macroeconomy and the problems associated with achieving simultaneous external and internal balance.
Understand the relationship between macroeconomic and financial market activities.
Develop a comprehensive macroeconomic model of an open economy such as Australia.
Apply this model to an analysis of macroeconomic problems to analyse the impact of macroeconomic forces on Australian financial markets.
Analyse and evaluate the policy prescriptions to deal with these problems.

Syllabus:

The subject will cover the following topics:

* The basics of macroeconomic analysis (IS-LM model); * The supply side analysis (labour market, AD-AS model, money growth and economic activities); * Role of expectations; * Open economy; * Macroeconomic problems and policies.

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