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Macroeconomic Policy

Duration: 1 Teaching Period

Unit Code: ECO20004

Contact Hours: Recommended 10 hours of study per week

About this unit

The objectives of Macroeconomic 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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