|Our aim is to provide you with an optimal learning experience, regardless of how this unit is delivered. Teaching will be delivered in line with the most current COVID Safe health guidelines. This may include a mix of online and face-to-face. Please check the learning management system for announcements and updates. Thank you for your flexibility and commitment to studying with Sydney Institute of Higher Education.
|Year 1, Semester 2
|Typical study commitment:
|Students will on average spend 10 hours per week over the teaching period undertaking the teaching, learning and assessment activities for this unit.
|Scheduled learning activities:
|4 timetabled hours per week, 6 personal study hours per week
Macroeconomics is the study of economy-wide phenomena. It explains how decisions made by millions of individuals and firms make changes to the overall economy. This unit instructs students in examining the economy in the long run and short run and in understanding macroeconomic policies and their effect on business activity. Students will learn a range of macroeconomic concepts including inflation, national income, unemployment and business cycles, and are required to use macroeconomic concepts to solve real-world business problems.
Unit learning outcomes (ULO)
On the successful completion of this units student will be able to:
|Outline economy-wide phenomena including inflation, unemployment and economic growth by using graphic representation.
|Use economic indexes to measure a nation’s income (GDP) and the cost of living (CPI).
|Examine the determinants of productivity, the rules of national income accounting and the reasons for unemployment.
|Analyse money growth and inflation with a sound understanding of the monetary system.
|Investigate the reasons for economic fluctuations using aggregate demand and supply curves.
Topics to be included in the unit
|The data of macroeconomics
|Money and inflation
|The open economy
|Aggregate demand: IS-LM model
|Mundell-Fleming model and exchange rate system
|Trade-off between inflation and unemployment
|Money supply, money demand and the banking system
|Grading and weighting
(% total mark for unit)
|Indicative due week
|Assessment 1: Mid-Semester Exam
|Mid-semester exam week
|Assessment 2: Individual Assignment
|Assessment 3: Final Exam
|Final exam week
The assessment due weeks provided may change. Your lecturer will clarify the exact assessment requirements, including the due date, at the start of the teaching period.