Why are economies unstable? Can globalisation benefit all? How do we achieve a sustainable economy? Does inequality undermine macroeconomic performance? Macroeconomics provides the tools to understand these and many other questions facing entire economies. Unlike microeconomics which examines the economic actions of individual households, firms or industries, macroeconomics considers the economy as a whole. Understanding and explaining the importance of national income, monetary systems, employment, economic productivity and international trade are all central to this subject. You will also learn to explain and interpret current economic conditions and evaluate the short-term and long-term consequences of various macroeconomic interventions (e.g., tax levels, monetary supply, tariffs).
|Bond Business School|
- January 2018 [Standard Offering]
- May 2018 [Standard Offering]
- September 2018 [Standard Offering]
- January 2019 [Standard Offering]
- May 2019 [Standard Offering]
- September 2019 [Standard Offering]
|Available to Study Abroad students|
- Commencing in 2017: $4,205
- Commencing in 2018: $4,247
1. Apply macroeconomic principles to interpret the recent movements in key economic indicators of the Australia and other economies.
2. Critically evaluate the key differences between the short-run and long-run impacts of macroeconomic policies.
3. Apply the knowledge of specific issues in macroeconomics pertinent to recent changes to the global economic environment and policy conditions faced by the Australian Government and the Reserve Bank of Australia.
4. Analyse the significance of Australian economy in relation to the rest of the world and the implications of this interdependence in the balance of payments and exchange rate.
Students must have successfully completed ECON11-100 Principles of Economics or equivalent prior to undertaking ECON12-202.