Macro-Economic Policy
Duration:
1 Teaching Period
Unit Code:
ECO20004
Contact Hours:
Recommended 10 hours of study per week
About this unit
The objectives of Macro-Economic Policy are for students to (i) understand how to evaluate macroeconomic conditions such as growth, unemployment and inflation; (ii) understand how fiscal and monetary policies can be used to influence short-run macroeconomic conditions; and (iii) understand media accounts of macroeconomic issues. ECON20004 is a useful unit for students who want to major in economics, accounting, finance, law and other business disciplines as it provides a coherent framework for considering many topical issues concerning the operation of macroeconomy in a contemporary international setting.
Content
- National Income
- Monetary System
- The Quantity Theory of Money
- Inflation and Interest Rates
- Unemployment and Labor Market
- Saving and Investment
- The International Flows of Capital and Goods
- Exchange Rates
- The Facts about the Business Cycle
- The Goods Market and the IS Curve
- The Money Market and the LM Curve
- The Short-Run Equilibrium
- The Mundell-Fleming Model and The Exchange Rate Regime
- Theory of Aggregate Supply
- Inflation, Unemployment, and the Phillips Curve
- Stabilization Policies
- Financial System and Financial Crisis
- Government Debt and Budget Deficits
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