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Applied Macroeconomics - ECON214

This unit is designed to build upon the models developed in ECON110 but also serves as a standalone unit in applied macroeconomics. Students will examine modern economic problems such as deflation, financial crisis and unemployment, both through the lectures and in a selection of papers from academic journals. This unit includes an introduction to the history of economic thought, allowing students to see the origins of the models they study, and therefore better understand the models themselves. It covers topics including IS-LM, the labour market, basic AD-AS models, and exchange rates, and ends in the Mundell-Fleming model. By the end of the unit students will understand the causes and solutions to real world situations and crises such as the Global Financial Crisis, slowing economic growth and other contemporary challenges. Students will benefit from the development of basic skills such as short essay writing for examinations, and basic mathematical skills – all such skills are taught and practiced in class, and require no prior knowledge. ECON214 will benefit those seeking an introduction to the history and application of economic models, and students will also gain a set of valuable employability skills.

Credit Points: 3
When Offered:

S1 Day - Session 1, North Ryde, Day

Staff Contact(s): Mr Alex Blair

(15cp at 100 level or above) including ECON110 Prerequisite Information


NCCW(s): BBA214
Unit Designation(s):


Unit Type:
Assessed As: Graded
Offered By:

Department of Economics

Faculty of Business and Economics

Course structures, including unit offerings, are subject to change.
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