Course Title: Macroeconomics

Part A: Course Overview

Course Title: Macroeconomics

Credit Points: 12


Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ECON1213

Brunswick Campus

Undergraduate

355T Int Centre for Graphic Tech

Face-to-Face

Sem 2 2006

Course Coordinator: John Magnik

Course Coordinator Phone: +61 3 9925 9462

Course Coordinator Email:john.magnik@rmit.edu.au

Course Coordinator Location: Bldg 515, Level 515.1.02B, Brunswick


Pre-requisite Courses and Assumed Knowledge and Capabilities

None


Course Description

This course will provide students with an understanding of the macroeconomic environment and enable them to identify and explain movements in aggregate economic variables and their effects upon economic activity and business planning. This includes an examination of government monetary, fiscal and external policy. It also covers the establishment of the strategic direction of the organization to both sustain competitive advantage and enhance global competitiveness.


Objectives/Learning Outcomes/Capability Development

1. Describe the economic problem. Analyse the economising problem using opportunity cost and production possibility theory.

2. Illustrate and explain the circular flow macroeconomic model, the national income equilibrium (with specific reference to GDP) and the factors that cause fluctuations in equilibrium.

3. List and analyse the causes and effects of changes in the business cycle, and explain and illustrate the effect of aggregate demand on inflation and unemployment.

4. Explain the purpose and objectives of the financial system and discuss the nature and importance of its institutions, financial assets and markets.

5. Analyse the concept and purpose of economic management, and assess the effectiveness of fiscal and monetary policies.

6. Outline the reasons for trade between countries. Examine and discuss Australia’s trade and investment flows, the balance of payments, exchange rates and macroeconomic effects of foreign trade.


The performance elements and performance criteria for the unit: BSBMGT601A: Contribute to strategic direction can be viewed on the following web site.

http://www.ntis.gov.au/cgi-bin/waxhtml/~ntis2/unit.wxh?page=80&inputRef=35045&sCalledFrom=pkg


Overview of Learning Activities

To achieve the learning outcomes of the course, students are required to participate in the learning activities.


Overview of Learning Resources

There is no prescribed textbook for this course. Extensive course notes and materials in addition to lecture overheads and tutorial questions will be available of the learning hub online@rmiit.edu.au from the commencement of the course.


Overview of Assessment

Contribute to the creation and/or review of the organisational mission statement.  Assignment   Closed book exam
Analyse the external environment.  Assignment  Closed book exam
Undertake competitive analysis.  Assignment  Closed book exam
Analyse and review organisation’s capabilities  Assignment  Closed book exam
Underpinning knowledge and skills (learning outcomes 1 – 6)  Closed book exam