Macropolicy Unit Guide

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ECW2730 Unit Code

Macroeconomic Policy

Unit synopsis

Macroeconomic policy as it affects the open economy; policy consequences of consumption and investment decisions; analysis of policies with respect to the real exchange rate and trade balance; policy responses to assets price movements; policy goals under different international monetary systems; the economic benefits and costs of optimum currency areas; how policy-makers in Australia and in other countries try to stabilise the economy.

|Mode of Delivery |On campus | |Workload |This unit is worth 6 credit points | |Prerequisites |Students must have passed ECW1102 before undertaking this unit | | |Prohibition: ECG2730, ECW2120 | |Chief Examiner | | |Unit Coordinator: |Eduard Bomhoff | |Campus: |Sunway | |Phone: |+60 3 5514 5601 | |Email: |eduard.bomhoff@monash.edu | |Unit Coordinator: |Dr. Ernesto Valenzuela | |Campus: |Gippsland | |Phone: |+61 3 990 26648 | |Email: |Ernesto.Valenzuela@monash.edu | |Unit Coordinator: |Dr. Anupama Sethi | |Campus: |Berwick | |Phone: |+ 61 39904 7165 | |Email: |Anupama.Sethi@monash.edu | |Unit Coordinator: |Dr Joel Eita | |Campus: |South Africa | |Phone: |+27 11 950-4054 | |Email: |joel.eita@monash.edu |

SEMESTER 1, 2012

ACADEMIC OVERVIEW

Unit objectives

The learning goals associated with this unit are to:
1. Understand the impact of monetary and government policies on an open economy; 2. Explain the policy consequences of consumption and investment decisions and 3. Explain how policies affect the trade balance and income; 4. Analyse policy responses to assets price movements;

5. Evaluate the economic benefits and costs of optimum currency areas.

Demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in this unit.

Graduate attributes

Monash prepares its graduates to be:

1.Responsible and effective global citizens who:

(a)...
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