Introductory Macroeconomics

University of Melbourne

Course Description

  • Course Name

    Introductory Macroeconomics

  • Host University

    University of Melbourne

  • Location

    Melbourne, Australia

  • Area of Study


  • Language Level

    Taught In English

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Host University Units

  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    An introduction to macroeconomic theory and policy. Topics will include economic aggregates such as production and employment, the general level of prices and inflation, the exchange rate, interest rates, monetary and fiscal policies, the balance of payments and economic growth. Analysis is particularly directed to current macroeconomic problems and policy issues.

    Intended learning outcomes

    -Explain the importance of the circular flow of income to macroeconomics.

    -Interpret the meaning and measurement of macroeconomic aggregates such as Gross Domestic Product.

    -Explain and use the Keynesian model of national income determination.

    -Describe the roles of money and the financial system in the macroeconomy.

    -Critically analyse macroeconomic policies appropriate to the achievement of the macroeconomic objectives.

    -Explain and apply the aggregate demand/aggregate supply model.

    -Explain the key features of the neoclassical model of growth.

    -Analyse the factors influencing the balance of payments and the exchange rate.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.