Lecture_1 - ECON1002 Introductory Macroeconomics Faculty of...

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1 ECON1002 Introductory Macroeconomics Faculty of Economics and Business University of Sydney, Australia. Dr Mark Melatos Senior Lecturer, Economics
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2 Contact Details Email: mark.melatos@sydney.edu.au Snail Mail: Dr Mark Melatos Discipline of Economics Faculty of Economics and Business University of Sydney NSW 2006. Phone: +61 2 9036 9257 Fax: +61 2 9351 4341 Consultation Hours : Fridays 2-4pm (Rm 335). (At other times by appointment) Lecture times : see UoS outline
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3 Assessment Tutorial participation 5% 4 online quizzes 10% Mid-semester test 25% Economic report 10% Final exam 50%
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4 Lecture 1 Introduction to Macroeconomics + Measuring Economic Output
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5 What is Economics All About? Why do people, firms and governments behave the way they do? The role of incentives . How does this behaviour impact on the economy, individuals, the environment? The constraint of scarce resources. Microeconomics & macroeconomics
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6 Microeconomics … studies decision-making by individual economic agents: When does it make sense for one firm to merge with or take-over another? How does a firm decide whether or not to enter a new market? Should Australia join free trade agreements? What is the likely impact of high petrol prices on an individual’s car usage?
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7 Macroeconomics … studies the aggregate impact of individual
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This note was uploaded on 12/14/2010 for the course ECON 1002 taught by Professor Markmelatos during the Three '10 term at University of Sydney.

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Lecture_1 - ECON1002 Introductory Macroeconomics Faculty of...

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