MEE102_Macroeconomics

MEE102_Macroeconomics - Deakin University Introduction to...

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© Deakin University Introduction to Macroeconomics Welcome to the study of MEE102 Macroeconomics , which is one of the Bachelor of Commerce units offered by the School of Economics in the Faculty of Business and Law at Deakin University. You will be studying this unit with approximately 1200 students located at Burwood, Geelong, Warrnambool, together with students studying remotely throughout Australia and overseas. Principal staff involved in managing the off-campus students are: T e l e p h o n e E m a i l Mary Graham Unit Chair and Campus Coordinator Warrnambool (03) 5563 3568 grahamm Helen Scarborough Warrnambool (W) (03) 5563 3547 scars You are encouraged to contact me, or one of the other staff members, with your problems and queries. You may call me directly or leave a message at the Faculty General Office on (03) 5563 3510 . A computer based group conferencing facility is provided through the use of the FirstClass software provided in the Deakin Learning Toolkit. All off-campus students are expected to be able to access this facility. We trust you enjoy your study of MEE102 Macroeconomics and that upon successful completion you will have developed an analytical economic framework that will enable you to analyse and assess economic activity in the Australian economy. Mary Graham Unit Chair and Campus Coordinator Warrnambool
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2 MEE102 SEMESTER 2, 1999 © Deakin University
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© Deakin University MEE102 SEMESTER 2, 1999 3 Unit overview Economics in the Commerce degree MEE101 Microeconomics and MEE102 Macroeconomics are compulsory for all students taking the Bachelor of Commerce degree at Deakin University. In addition, you may elect to complete a major study in Economics, or a minor study whilst specialising in accounting, finance, commercial law, or other strands of the degree. This choice does not have to be made until first year units have been completed. Nature of the unit MEE102 Macroeconomics aims to provide you with an understanding of the Australian economic system, and an ability to identify and assess current macroeconomic problems. Macroeconomics is concerned with the way in which the whole economy, or large sectors of the economy work. The major sectors analysed are the household sector, the business sector, the government sector and the international (rest-of-the-world) sector. Issues such as economic growth, unemployment, inflation, balance of payments, and monetary and fiscal policy are examined. Learning objectives On completing this unit you should be able to: understand and apply economic tools which are used in economic analysis; appreciate the circular nature of the flow of income and output in an economy; use a Keynesian framework to analyse the operation of an open economy which has a government sector; recognise the importance of money in the circular flow of money; understand the difficulties of maintaining economic stability; comprehend international trade and capital movements;
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MEE102_Macroeconomics - Deakin University Introduction to...

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