This unit builds on MAE102 and is concerned with further understanding of contemporary macroeconomic issues. Topics include determination of interest rates, monetary and fiscal policy within the context of IS-LM model; and evaluation of these policies in an open economy framework by incorporating balance of payments. Besides, an understanding of aggregate demand and aggregate supply; unemployment; and economic growth with reference to Australia, are developed. -- Course Website
Instructor: D Mallick
Prerequisites: MAE102
