BX2022 - Macroeconomic Policy

Available to all JCU students although it is assumed that those who choose to enrol have a sound understanding of introductory economic principles.

This subject provides a theoretical and conceptual extension to BU1003 of which prior knowledge is assumed. As such, it examines the theoretical foundations of monetary and fiscal policy and their implications for inflation and unemployment, interest and exchange rates, money demand and supply, trade and the balance of payments, consumption, investment and government expenditure, aggregate demand and supply. Current real world policy issues are evaluated in view of the various contributing theories and schools of thought, and a research assignment requiring policy scenario evaluations is included.

Learning Outcomes

• demonstrate broad and coherent theoretical and technical knowledge with depth in macroeconomic policy;
• interpret (and calculate with) macroeconomic (national accounts) data;
• select and use appropriate on-line technologies.

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.