Money, Employment and Growth (11223.2)
| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | On-campus Online Online self-paced |
Bruce, ÃØÃÜÖ±²¥ |
| EFTSL | Credit points | Faculty |
| 0.125 | 3 | Faculty Of Business, Government & Law |
| Discipline | Study level | HECS Bands |
| ÃØÃÜÖ±²¥ School Of Politics, Economics And Society | Level 1 - Undergraduate Introductory Unit | Band 4 2021 (Commenced After 1 Jan 2021) Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905) Band 5 2021 (Commenced Before 1 Jan 2021) |
Learning outcomes
After successful completion of this unit, students will be able to:1. Explain the meaning and significance of macroeconomic terms and concepts;
2. Analyse the Australian economy using simple macroeconomic models, diagrams and simple quantitative terms;
3. Apply the standard aggregate demand/supply model to determine how output, employment, and price are influenced;
4. Assess how fiscal and monetary policies can be used to achieve macroeconomic goals in an open economy like Australia; and
5. Apply and evaluate macroeconomic models to solve real-world problems.
Graduate attributes
1. UC graduates are professional - communicate effectively1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - think globally about issues in their profession
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
Prerequisites
11175 Introduction to EconomicsCorequisites
None.Incompatible units
None.Equivalent units
10083 Money, Employment and GrowthAssumed knowledge
This unit requires prior knowledge of basic economic principles and theories, which are covered in the pre-requisite unit Introduction to Economics.| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|---|---|---|---|---|
| 2024 | Bruce, ÃØÃÜÖ±²¥ | Semester 2 | 29 July 2024 | On-campus | Dr Raymond Li |
| 2024 | Bruce, ÃØÃÜÖ±²¥ | Semester 2 | 29 July 2024 | Online | Dr Raymond Li |
| 2025 | Bruce, ÃØÃÜÖ±²¥ | Semester 2 | 28 July 2025 | On-campus | Dr Raymond Li |
| 2025 | Bruce, ÃØÃÜÖ±²¥ | Semester 2 | 28 July 2025 | Online self-paced | Dr Raymond Li |
Required texts
In this unit, the textbook serves as an essential supplement to the lectures. The lectures will introduce and explain the key concepts and theories in each topic, as well as their applications in the Australian and global economies. The assigned textbook readings for each week will help you dive deeper into the content and retain the knowledge. The following textbook is chosen for this unit and it is specifically designed with a focus on Australian applications.
Parkin, Michael & Bade, Robin, Macroeconomics: Australia in the Global Environment (2nd Edition) Pearson.
In order to grasp the concepts covered in this unit, it's important that you read broadly from other economists in this field. Below are two excellent entry-level macroeconomics textbooks written by well-known professors and practitioners:
Bernanke, Ben, Olekalns, Nilss & Frank, Robert H., Principles of Macroeconomics
Mankiw, Gregory, Macroeconomics
If you wish to challenge yourself or get some exposure into intermediate level macroeconomics, you may consult the following texts:
Blanchard, Olivier & Sheen, Jeffrey, Macroeconomics: Australasian Edition
Dornbusch, Rudiger, Macroeconomics
Submission of assessment items
Extensions & Late submissions
Ouriginal will be used to check for plagiarism for all assignments. Your assessments must be written in your words and citations used when referencing material from published sources. One Ouriginal preview will be available for students to check their assessment prior to submission. Students will only receive an Ouriginal report for one draft submission of their work and again once their assessment have been formally submitted. Do not submit drafts to other Canvas sites, as this will be considered a form of self-plagiarism. Do not submit any material that has been formally submitted to other units. This is a form of academic misconduct.
Use of AI is not permitted in this unit
The University's position is that artificial intelligence services must not be used for assessment or assessment preparation by students unless explicitly allowed in the assessment instructions for an assessment task published with the assessment task and/or in the unit outline. That is, an AI service may only be used if:
a) its use is authorised by the unit convener as part of the specified task; and
b) it is used in the way allowed in the assessment instructions and/or unit outline; and
c) its use is appropriately referenced, meaning that the students must reference the use of AI in their assessment in the same way as they reference other source material.
The use of AI has not been specified in the assessment instructions for the unit or in the unit outline and thus, AI is not a permissible resource.
Students must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.
Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.
UC students have to complete the annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).
UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.
Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of ÃØÃÜÖ±²¥ (Student Conduct) Rules 2023. For further advice, visit Study Skills.
Participation requirements
You are strongly encouraged to participate as much as you can during tutorials, as you can get instant feedback to your questions. Also, students will benefit most from two-way discussions on the theories and their applications. Participation in lectures and tutorials, reading assigned materials and working through problems is a complete learning package that will bring out the most of the unit content.
Required IT skills
Proficiency in Microsoft Office softwares (Word, Excel, PowerPoint)
Work placement, internships or practicums
None
