Macroeconomic Principles

Macquarie University

Course Description

  • Course Name

    Macroeconomic Principles

  • Host University

    Macquarie University

  • Location

    Sydney, Australia

  • Area of Study

    Business, Economics

  • Language Level

    Taught In English

  • Course Level Recommendations

    Lower

    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

  • Credits

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

    This unit is an introductory course in macroeconomics. It
    focuses on the economy as a whole, the economy seen as a set
    of markets related to each other, rather than on the features
    characterising the equilibrium in an individual market, for
    example, the market for shoes. Topics covered include gross
    domestic product (GDP), savings, unemployment, inflation,
    money, the balance of payments, exchange rates, fiscal policy
    and monetary policy. At the end of the course, students should
    be able to apply the main model used by economists to
    represent the economy (aggregate supply-aggregate
    demand), identify the forces that determine the equilibrium
    level of output, employment, inflation, interest rates, the
    exchange rate and their movements, and be able to analyse
    and predict the effect of shocks to supply and/or demand.

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.