Macroeconomics for Managers

Subject ECON90032 (2011)

Note: This is an archived Handbook entry from 2011.

Credit Points: 12.50
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2011:

Semester 1, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period not applicable
Assessment Period End not applicable
Last date to Self-Enrol not applicable
Census Date not applicable
Last date to Withdraw without fail not applicable

Semester 2, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period not applicable
Assessment Period End not applicable
Last date to Self-Enrol not applicable
Census Date not applicable
Last date to Withdraw without fail not applicable


Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: One 2-hour seminar and one 1-hour tutorial per week
Total Time Commitment: Estimated total time commitment of 120 hours per semester
Prerequisites:

Entry into the Master of Management suite of programs, Master of Applied Commerce and to students enrolled in programs offered by the Graduate School of Humanities and Social Sciences.
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: ECON10003 Introductory Macroeconomics or equivalent
Subject
Core Participation Requirements:

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

Coordinator

Dr Graham Richards

Contact

Graduate School of Business and Economics
Level 4, 198 Berkeley Street
Telephone: +61 3 8344 1670
Online Enquiries
Web: www.gsbe.unimelb.edu.au
Subject Overview: The subject covers issues relating to the labour market (employment and unemployment), the product market (consumption, saving and investment) and the markets for finance and foreign exchange. It covers the role of government economic policy as well as issues such as inflation and the balance of payments.
Objectives: On successful completion of this subject students should be able to:
  • Synthesise the Classical and Keynesian divide within macroeconomic theory and policy;
  • Identify and classify the constituent parts of a countrys Balance of Payments and explain the factors that may influence these components;
  • Explain both the causes and consequences of movement in a countrys exchange rate;
  • Explain both the causes and consequences of inflation and evaluate the policy options available to governments;
  • Explain both the causes and consequences of unemployment and evaluate the policy options available to governments;
  • Identify and explain key aspects of both monetary and budgetary policy;
  • Access and interpret a wide range of economic statistics.
Assessment:
  • 2-hour end-of-semester examination (70%)
  • Class assignments totalling not more than 3000 words (30%)
Prescribed Texts: You will be advised of prescribed texts by your lecturer.
Breadth Options:

This subject is not available as a breadth subject.
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

On successful completion of this subject, students should have improved the following generic skills:

  • Evaluation of ideas, views and evidence
  • Synthesis of ideas, views and evidence
  • Critical thinking
  • Application of theory to economic policy and business decision making
  • Accessing economic and other information
  • Summary and interpretation of information
  • Written communication
Notes: Enrolment restricted to Graduate Diploma in Employee Relations and Human Resource Management, the Master of Management suite of programs, Master of Applied Commerce and to Arts Faculty students. This subject is not available to students who have passed ECON10003 Introductory Macroeconomics or equivalent.
Related Course(s): Master of Applied Commerce
Master of Applied Commerce
Master of Applied Commerce (Human Resource Management)
Master of Applied Commerce (Marketing)
Master of Applied Commerce (Marketing)
Master of Applied Commerce (Organisational Change)
Master of Management (Economics)
Master of Urban Planning

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