Macroeconomics aims to provide students with an understanding of the framework for macroeconomic analysis, including the circular-flow model and aggregate demand aggregate supply model and government macroeconomic goals including price stability, economic growth and full employment. Students will describe how economists measure macroeconomic activity including national income, output, employment,...

This unit aims to provide students with an understanding of the ‘economic problem’, the need for economic decision making and the framework for the microeconomic analysis. This includes analysing how consumers and producers make decisions, and understanding the operation of markets (goods and services, resources, labour markets and internationally traded commodities) and the function of price...