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Macroeconomic Theory
UoS Code ECON5002
Credit points 6
Offered Semester 1, Semester 2 and Summer
Prerequisites
Corequisites
Prohibitions ECON5003
Assumed Knowledge
Additional Information
Lectures 3 hrs per week
Assessment Online quizzes, 1 mid semester exam, final exam
Description This unit presumes no prior exposure to economics and aims, by the end of the unit, to bring a proficiency equivalent to that of students with an intermediate level macroeconomics unit in an Honours degree program. Many economic principles developed in this unit are be routinely used in several other units in the program. Macroeconomics studies aggregate economic behaviour. The unit covers theories of the engines of long-run economic growth, of unemployment, of money, inflation, the interest rate and the exchange rate, as well as consumption, saving and investment behaviour. The unit also studies a number of applications of the theory and addresses contemporary macroeconomic problems and policy.