Course overview
This course will familiarise students with fundamental macroeconomic principles and the Australian economy in an international economic setting. Introduction to macroeconomics; the economy over time, fundamental relationships in the macroeconomy; the introduction of simple macroeconomic models; the simple aggregate demand/ aggregate supply model of the macroeconomy, money; the open economy, economic policy; contemporary economic issues.
Course learning outcomes
- Describe, explain and apply basic macroeconomic terms and concepts.
- Use simple macroeconomic models to interpret the Australian economy.
- Explain the macroeconomic environment in Australia.
- Use simple macroeconomic models to analyse the impact of changes in the economy.
- Evaluate current macroeconomic events, policy issues and debates from an economic perspective.
- Demonstrate UniSA Business Enterprise Skills in the context of Economics: International Perspective (foundation level).