Macroeconomics

Unit code: JQU0024 | Study level: Non-award
Credit points
N/A
Location
City Campus
Footscray Park
Prerequisites
N/A
Overview
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Overview

In this unit students will be introduced to the major principles and concepts of macroeconomics - the field of economics that studies the behaviour of the whole economy. Students will explore the nature and purpose of economic activity and the economic variables affecting individuals, firms and markets domestically and internationally.



The role and goals of the Australian Government domestically and internationally will be investigated. Domestic goals examined include inflation, employment and economic growth. International economic relationships will also be examined with a focus on the exchange rate and trade liberalisation.



Students will be introduced to Government policy. They will discuss the role and effect of Government fiscal monetary and international policy on aggregate demand and aggregate supply.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Describe how the economy operates to allocate resources;
  2. Outline the macroeconomic goals of Government, (Price Stability, Full- Employment, Economic Growth) and factors affecting these goals;
  3. Examine the reasons why Australia engages in International Transactions and factors affecting these transactions; and
  4. Analyse how the Government is able to influence the macro-economy through Budgetary and Monetary Policy.

Assessment

For Melbourne campuses

Assessment type: Test
|
Grade: 20%
Multiple Choice test
Assessment type: Project
|
Grade: 20%
Analyse quantitative information on the economy
Assessment type: Presentation
|
Grade: 20%
Commentary on a news media extract
Assessment type: Assignment
|
Grade: 40%
Research on an allocated topic

Developing skills and attributes towards the graduate capabilities of Victoria University will be incorporated across the course.

As part of a course

This unit is studied as part of the following course(s):

International Foundations at VU
JQAG | Non-award course | Duration: 26 weeks

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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