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The aim of TECO102 Macroeconomics is to enable students to develop an understanding of the way in which economies operate at the aggregate level and the major challenges that face the macro-economy, both nationally and internationally. This unit provides an introduction to the analysis of aggregate output, employment and economic growth and their relationship to the policy issues of unemployment, inflation and the balance of payments. Other topics include: aggregate income and expenditure analysis; macroeconomic models of income determination; consumption and investment functions; the role of money and financial institutions; interactions between goods and money markets in equilibrium and disequilibrium situations; and an analysis of recent Australian macroeconomic experience.
This unit will also assist students in understanding capital market research and behavioural research, sustainability reporting, international harmonisation, and emerging issues in accounting. The objective of the unit is to develop students' professional judgement and application skills, as well as advance analytical, critical thinking and communication skills in an economics context.