This subject extends your knowledge of how macroeconomic systems work by exploring the interdependence between different sectors of the economy, including the goods, labour, and financial markets. You’ll also explore the interactions between economies, including through exchanges rates and capital movements. Your ability to describe and explain the causes, mechanisms, and consequences of economic growth and business cycle fluctuations will be enhanced by your study in this subject. You'll acquire additional analytical skills to assess how these forces affect businesses and to effectively appraise the impact of government policies. Learning involves active engagement with theoretical frameworks and practical scenarios to solidify your understanding of and ability to apply macroeconomic frameworks.

✔ Upon completion of this subject, graduates will be able to:

• identify current problems and issues in the Australian and international macro-economies
• apply foundational macroeconomic models to analyse the determination of and movements in key macroeconomic variables including gross domestic product, inflation, unemployment, imports, exports, capital flows, interest rates and exchange rates
• explain and evaluate government policy responses to key macroeconomic problems such as inflation and unemployment
• deliver high quality written analysis of macroeconomic problems and conditions.