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ECO220 Macroeconomic Analysis (8)

Abstract

This subject focuses on the study of macroeconomics to encompass a model of an open economy such as Australia. Emphasis is placed on the relationship between the goods 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 Location

Session 1
OnlineBathurst Campus
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.

Subject information

Duration Grading System School:
One sessionHD/FLSchool of Accounting and Finance

Assumed Knowledge

ECO130  or ECO110 and (ECO120 or ECO100)

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to develop a macroeconomic model of an open economy such as Australia;
  • be able to apply this model to an analysis of macroeconomic problems to explain the impact of macroeconomic forces on the Australian economy;
  • be able to critically analyse the relationship between different macroeconomic and financial sector activities;
  • be able to critically interpret the operation of the open macroeconomy and the problems associated with achieving simultaneous external and internal balance; and
  • be able to analyse and evaluate the policy prescriptions to deal with these problems.

Syllabus

The subject will cover the following topics:
  • the basics of macroeconomic analysis.;
  • the supply side analysis (labour market, AD-AS model, money growth and economic activities);
  • role of expectations;
  • open economy; and
  • macroeconomic problems and policies.

Back

The information contained in the 2018 CSU Handbook was accurate at the date of publication: 18 October 2017. The University reserves the right to vary the information at any time without notice.