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EC5206 - Macroeconomic Policy

Credit points: 3
Year: 2019
Student Contribution Band: Band 3
Administered by: College of Business, Law & Governance

This subject focuses on the macro economy. That is, it considers 'big picture', economy issues such as: inflation, unemployment, interest rates, exchange rates, economic growth, monetary and fiscal policy. It examines data and models (from a variety of schools of thought) that describe: (a) the way in which the economy works in the short to medium term; (b) the way in which it responds to 'shocks' - such as the global financial crisis - and (c) the way in which governments can attempt to ameliorate some of the effects of 'shocks' (e.g. inflation, unemployment) through the use of fiscal and monetary policy. Long-term issues are discussed in the subject "economic growth and sustainable development". The subject is tailored to students who (envision to) work at a position that requires advanced economics skills.

Learning Outcomes

  • Comprehensive understanding of a range of different models that seek to explain and/or describe key macroeconomic relationships in the short to medium-run;
  • Develop an advanced level of understanding of macroeconomic data;
  • Develop a holistic ability to construct, manipulate and explain a range of simple diagrams associated with the relevant models;
  • Develop advanced understanding and ability to use the models to make predictions about the possible impact of real or hypothetical shocks to the economy, and to derive policy solutions to problems posed in these circumstances.
Assumed
Knowledge:
Introductory subjects in Economics and Statistics
Inadmissible
Subject
Combinations:
EC2000 and BX2022

Availabilities

Townsville, Internal, Study Period 2
Census Date 29-Aug-2019
Coordinator: Dr Rabiul Beg
Lecturer: Mr Dave Gleeson.
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 26 hours lectures
  • 24 hours tutorials - Tutorials/Seminars
  • 3 hours workshops/Seminars
  • assessment and self-directed study
Assessment: end of semester exam (30%); essays (40%); mid semester test (20%); individual presentation (10%).

External, Study Period 2
Census Date 29-Aug-2019
Coordinator: Dr Rabiul Beg
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 0 hours
  • assessment and self-directed study
Method of Delivery: WWW - LearnJCU
Assessment: end of semester exam (30%); essays (40%); mid semester test (20%); individual presentation (10%).

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.