BUSN2040 Macroeconomics

Dr Erkan Yalcin

2019

4.5

1 x 3-hour workshop weekly

1 BUSN1008 - Introductory Macroeconomics
1a BUSN1013 - Economics for Business
Must Satisfy: ((1 or 1a))

BUSN2013 has been successfully completed

Bachelor of Business; Bachelor of Commerce

This topic analyses the causes of, and policy responses to, the major macroeconomic policy problems likely to confront policymakers such as unemployment, inflation, public debt, terms of trade shocks, current account deficits, foreign debt and economic growth. The impact that these have for financial markets through their effects on government spending, taxes, public debt, interest rates, exchange rates and capital flows is covered.

This topic aims to:

identify and analyse the key factors that influence policymakers, and contribute to decisions on economic growth or recovery
explain the impacts of behaviour and decision making on financial markets, both nationally and globally
use standard macroeconomic models to analyse the probable consequences of economic shocks and policy changes.

Upon successful completion of the topic students will be able to:

Identify the major macroeconomic policy objectives and their relationship to the business cycle
Use the IS-LM model to analyse the effects of changes in fiscal and monetary policies on interest rates, output and employment
Describe how monetary policy is implemented and the monetary policy transmission mechanism
Explain the term structure of interest rates and the inverse relationship between bond prices and interest rates
Analyse the implications of fiscal policy changes for government budgets, interest rates and the public debt
Explain the difference between fixed and flexible exchange rate regimes
Use the Mundell-Fleming model to analyse the effects of fiscal and monetary policies in fixed and flexible exchange rate regimes
Use the AD-AS model to analyse the short-run and long-run consequences of policy changes and non-intervention
Use the Philllips curve to analyse inflation
Explain the conditions that occasionally lead to extremely adverse outcomes for the macroeconomy and suggest appropriate policy responses.

Key dates and timetable

Timetable details for 2019 are no longer published.

This information is from current details held on the Student Information System. Please report any errors or omissions to the relevant College Office.