units

ECF9530

Faculty of Business and Economics

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Monash University Handbook 2011 Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

LevelPostgraduate
FacultyFaculty of Business and Economics
OfferedCaulfield First semester 2011 (Evening)
Caulfield Second semester 2011 (Evening)
Coordinator(s)Dr Wenli Cheng (First semester)

Synopsis

Microeconomics: scarcity; economic choice; economic systems; economic ideology; demand and supply analysis; consumer behaviour and elasticity; costs of production and profit maximisation; perfect competition and monopoly. Macroeconomics: aggregate demand and aggregate supply; Keynesian versus Neoclassical approaches; the money market and monetary policy; the government budget deficit and fiscal policy; the foreign exchange market and exchange rate policy; unemployment and inflation; the current and capital accounts.

Objectives

The learning goals associated with this unit are to:

  1. have a basic understanding of the methodology and principles of economics
  2. have a basic understanding of micro and macro economics
  3. present arguments and make decisions in the economic environment.

Assessment

Within semester assessment: 40%
Examination (2 hours): 60%

Chief examiner(s)

Wenli Cheng (Semester 1)
Asadul Islam (Semester 2)

Contact hours

3 hours per week

Prohibitions

ECG9101