POGO8019 The Economic Way of Thinking 2

Offered By	Policy & Governance
Academic Career	Graduate Coursework
Course Subject	Policy and Governance
Offered in	Second Semester, 2010 and Second Semester, 2011
Unit Value	6 units
Course Description	This is an introductory course to Macroeconomics. The course will examine the issues of macroeconomics, introduce the theories of macroeconomics, provide students with understanding of the methods and indicators used to analyze macroeconomic performance and the policy instruments available for tackling economic problems. The latter part of the course will examine macroeconomic challenges facing most countries, including economic growth, unemployment, inflation, and external instability.
Learning Outcomes	On successful completion of this unit you will be able to: Demonstrate a sound understanding of the issues of macroeconomics --- long run economic growth, unemployment, inflation, and government and international deficits Demonstrate a solid understanding of the economic relationships between households, firms and the governments Demonstrate skills in measuring GDP, unemployment and inflation, and using these indicators to analyze macroeconomic performance Demonstrate a solid understanding of the aggregate demand and aggregate supply framework Demonstrate a sound understanding of fiscal policy and monetary policy Demonstrate a strong ability to identify macroeconomic issues and apply fiscal and monetary policy instruments to tackle these issues
Indicative Assessment	The assessment of the course has three parts: Four assignments (20%) Mid-semester exam (30%) Final exam (50%)
Workload	This course will be delivered over 13 weeks, involving a 2-hour lecture and a 1.5-hour tutorial each week. Students also need to spend a minimum of 7 hours per week to read textbook, lecture notes, write assignments, and do online exercises.
Course Classification(s)	AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs.
Areas of Interest	Policy Studies
Prescribed Texts	The course will use the Macroeconomics part of McTaggart, D., C. Findlay and M. Parkin, (2007), Economics (5th Edition), Melbourne: Addison-Wesley.
Technology Requirements	The course will use CourseCompass to do online course exercises. Students are recommended to have personal computers.
Programs	Graduate Diploma in Public Administration and Graduate Certificate in Public Administration
Other Information	Delivery Mode: on campus, weekly based.
Academic Contact	Dr Chunlai Chen

The information published on the Study at ANU 2010 website applies to the 2010 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2009 website.