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

The course covers contemporary issues associated with long and short run economic growth and development; the labour market and its relationship with wages and unemployment rates; applications of investment-savings and Phillips curve models in relation to inflation rates and output fluctuations; the dynamic aggregate demand/aggregate supply model and policy responses of Central Bank; exchange rates and open economy/macroeconomy as well as the role of Government and federal budgets.

Textbook(s)

Jones, C I 2020, Macroeconomics , 5th 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
Lecture	2 hours x 10 weeks
Tutorial	1 hour 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.