Information on this page, including unit offerings, is from the 2019 academic year.
Macroeconomics A (BUS289)
|Availability||MURDOCH: S1-internal, S1-external
|Teaching Timetables||Murdoch S1
|Description||Macroeconomics is a study of the behaviour of the economy as a whole and analyses key economic variables such as economic growth, unemployment and inflation. This unit develops theories and models to explain macroeconomic behaviour and analyses government policy that attempts to influence economic variables. The unit also provides a deeper understanding of why some countries have experienced faster economic growth and greater improvements in living standards than others, and examines the economic, social, political and institutional factors involved.|
|Unit Learning Outcomes||On successful completion of the unit you should be able to:
1. Interpret economic indicators and understand their importance in assessing current economic trends.
2. Demonstrate an understanding of a variety of important macroeconomic concepts, theories and policies.
3. Apply and evaluate macroeconomic models and analysis to different economic problems.
4. Conduct research on and communicate real world macroeconomic issues and policies.
5. Understand how political, cultural and social factors influence macroeconomic problems and policies.
|Timetabled Learning Activities||Workshops: 2 hours per teaching week
All offerings of this unit include the equivalent of 30 hours of structured learning.
|Unit Learning Experiences||The learning and teaching approach informing the assessment and activity selection and design in this unit are student-centred, constructivist, and outcome-based (SOLO), featuring predominantly active learning strategies with tasks that are open-ended, authentic, and scaffolded. The unit uses blended learning which combines learning online with interactive workshops. Using this combination of online and face-to-face learning provides flexibility for all students to learn anytime (24/7), anywhere (with an Internet connection) at a pace that suits their learning style. In this unit students explore concepts online prior to workshops, through videos, audio, websites, simulations, readings, quizzes, blogs and online discussions. Workshops (online or face-to-face) are interactive and use active learning such as; guided instruction (e.g. small group and whole class discussion), role plays, simulations, case studies, scenario-based tasks, problem-based tasks, project-based tasks, presentations and enquiry-based tasks|
|Assessment||Mid semester test 20% (internal students);
Research essay 30% (all students);
Workshop participation 10% internal students);
Short-answer assignment (external students) 30%;
Final Examination 40%
|Prerequisites||BUS171 Foundations of Economics or BUS161 Introduction to Economics|
|Exclusions||Students who have successfully completed BUS260 Macroeconomics A may not enrol in this unit for credit.|
|Appears in these Minors||Economics
|Internet Access Requirements||Murdoch units normally include an online component comprising materials, discussions, lecture recordings and assessment activities. All students, regardless of their location or mode of study, need to have access to and be able to use computing devices with browsing capability and a connection to the Internet via Broadband (Cable, ADSL or Mobile) or Wireless. The Internet connection should be readily available and allow large amounts of data to be streamed or downloaded (approximately 100MB per lecture recording). Students also need to be able to enter into online discussions and submit assignments online.|
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