Course overview
This course will provide students with an understanding of issues surrounding economic growth and development, and of business cycles, and to critically analyse the policy actions and responses of governments, central banks and other policymakers. The course covers contemporary issues associated with long and short run economic growth and development; the labour market and its relationship with wages and unemployment rates; applications of investment-savings and Phillips curve models in relation to inflation rates and output fluctuations; the dynamic aggregate demand/aggregate supply model and policy responses of Central Bank; exchange rates and open economy/macroeconomy as well as the role of Government and federal budgets.
Course learning outcomes
- Critically review the major theories of long-run economic growth, as well as the importance of factors explaining the long-run growth and development processes.
- Critically evaluate and explain the different roles of government, central banks, international institutions, the private sector, and individuals in addressing issues pertaining to economic growth, development and business cycles.
- Critically evaluate the effectiveness and efficiency of various policy responses in addressing inflation and economic growth.
- Demonstrate problem-solving and international perspective skills to develop globally informed decisions on economic integration and policy coordination.
Availability
Class details
Adelaide City Campus West
Class number 24080
Section LE01
Size 30
Available 30
Class number 24081
Section TU01
Size 30
Available 30
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The Student Contribution amount displayed below is for students commencing a new program from 2021 onwards. If you are continuing in a program you commenced prior to 1 January 2021, or are commencing an Honours degree relating to an undergraduate degree you commenced prior to 1 January 2021, you may be charged a different Student Contribution amount from the amount displayed below. Please check the Student Contribution bands for continuing students here. If you are an international student, or a domestic student studying in a full fee paying place, and are continuing study that you commenced in 2025 or earlier, your fees will be available here before enrolments open for 2026.