Growth Development and the Macroeconomy

Course aim

To provide students with an understanding of issues surrounding economic growth and development, and of business cycles, and to critically analyse the policy actions and responses of governments, central banks and other policymakers.

Course content

This course will be structured around three main topic areas. The first is the economy in the long run and an analysis of the major determinants and consequences of growth. Here we uncover why some countries grow more quickly than others and why some remain poor. The second is the analysis of the economy in the short run. Here, we examine the causes and consequences of inflation and output growth and the role that policymakers have in reducing inflation and promoting output growth. The third section is devoted to some applications of macroeconomic analysis such as financial crises, globalisation and the open economy.

Textbook(s)

Jones, C I 2017, Macroeconomics , 4th edn (International Student Edition), W W Norton and Co, New York, NY

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ECON 1007	Macroeconomics

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Preparatory	1 x 1 week
Workshop	3 hours x 10 weeks
EXTERNAL, CITY WEST, ONLINE
External	30 hours x NA
INTERNAL, OFFSHORE, TAYLOR'S BUSINESS SCHOOL
Workshop	35 hours x NA

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Assignment, Continuous assessment, Examination

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.