Victoria University of Wellington
Wellington, New Zealand
Area of Study
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.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
An introduction to macroeconomics, including fiscal and monetary policies, the international sector, and analysis of income-expenditure, IS-LM and aggregate demand-aggregate supply models.
Course Learning Objectives
This course is intended as a first course in macroeconomics. It exposes students to the use of simple economic models, and so prepares students for further study in ECON and FINA courses. Analysis of these models will sometimes require knowledge of elementary mathematics, such as graphing lines and algebra.
At the end of the course, students should be able to:
- describe and explain key macroeconomic variables
- analyse the basic income-expenditure model of macroeconomics
- analyse the basic IS-LM model of the economy
- analyse the macroeconomic impact of fiscal and monetary policy
- analyse the macroeconomic impact of international trade and open economies.
Online Tests 9%
Multi-choice test 25%
Courses and course hours of instruction are subject to change.
Some courses may require additional fees.
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.
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.