Macroeconomic Analysis

10 Units

In a changing global economy, the challenges posed by globalisation have necessitated the need for a deeper understanding of the basic principles and concepts that underlie macroeconomic theory and policy. This course is designed to provide students with an integrated view of the macroeconomy. The course aims to equip students with the fundamental macroeconomic tools and key ideas that have reshaped modern thinking about the macroeconomy. Emphasis is placed on the fundamental questions of what determines the living standards of the citizenry and the role of government in the functioning of the macroeconomy, as it pertains to output, employment and national income determination. Also investigated are contemporary macroeconomic policy debates, such as stimulus versus austerity measures.

Faculty Faculty of Business and Law
School Newcastle Business School

Not currently offered

Learning Outcomes

On successful completion of this course, students will be able to:

  1. Demonstrate a critical understanding of the functioning of the macroeconomy.
  2. Critically evaluate the relevance of various macroeconomic principles and concepts to business and public policy decision making.
  3. Explain the role of government policy in stabilising the business cycle.
  4. Describe how the changing global economy impacts on the functioning of the macroeconomy.
  5. Demonstrate that macroeconomics is a contested discipline with different intellectual perspectives on the most appropriate way to manage the macroeconomy.

Topics include but are not limited to the following:

  1. The Global Macroeconomy
  2. Theories of Inflation
  3. Technological Progress and Growth
  4. Exchange Rate Regimes
  5. Open Macroeconomy Models
  6. Monetary Policy
  7. Fiscal Policy
  8. Output, Interest Rates and Exchange Rates
  9. Openness in Goods and Financial Markets
  10. The Financial Crisis and the Great Depression
  • This course replaces GECO6400. If you have successfully completed GECO6400 you cannot enrol in this course.
Assessment Items
  • Quiz: Weekly on-line quiz
  • Online Learning Activity: Discussion board contribution
  • In Term Test: Mid-trimester test
  • Written Assignment: Written Assignment
  • Formal Examination: Final Examination

Contact Hours Not currently offered
Course Materials
  • No text
Timetable 2018 Course Timetables for GSBS6420
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