Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convener & Lecturer
Dr Marjan Nazifi
Contact via email via iLearn
E4A 429
via iLearn
Administration
Leeanne Mendonca de Mello
Contact via via Email via iLearn
Administration
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Credit points |
Credit points
3
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Prerequisites |
Prerequisites
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
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.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
If you do not submit or sit for any assessment task on the designated date and time, you will be accorded a mark of zero for that particular piece of assessment. It is your responsibility to check the recording of your marks on Gradebook.
If there are legitimate grounds for non-submission or non-attendance, you should consult the Disruption to Studies Policy, which can be found in the Policies and Procedures section of the Unit Guide.
http://www.mq.edu.au/policy/docs/disruption_studies/policy.html
Note: If you are granted an extension for a task, an alternative submission date or a supplementary exam, you may be required to partake in an oral assessment task in lieu of the missed assessment. Supplementary assessment may be of a different format to the original.
Name | Weighting | Due |
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TUTORIAL EXERCISES | 20% | Weeks 2-6 & 8-13 |
Mid-Session TEST | 30% | Week 7 |
FINAL EXAM | 50% | University Examination Period |
Due: Weeks 2-6 & 8-13
Weighting: 20%
In the week prior to each tutorial, a set of exercises are provided to students.
Due: Week 7
Weighting: 30%
In Week 7 there will be a mid-session test. The class test is intended as practice for the final examination. If the class test is missed due to unavoidable disruption you may apply for Disruption to Studies. The conditions for application for Disruption to Studies are set out in the Policies and Procedures section of this Unit Guide. If that application for Disruption to Studies is approved you will be expected to undertake an alternative assessment task, this might involve an oral assessment task. The assessment will cover the content addressed in weeks 1-6. More information on the nature and approach to the assessment will be provided through iLearn.
Due: University Examination Period
Weighting: 50%
A 2-hour final examination for this unit will be held during the University Examination Period in Nov-Dec 2016. The conditions for application for Disruption to Studies are set out in the Policies and Procedures section of this Unit Guide.The final exam is similar to the mid-session assessment. More information on the nature and approach to the final exam will be provided through iLearn.
Participation in ECON110 includes attendance at lectures, participation in tutorials and involvement in the discussion forum and consultations. A range of supplementary material - videos, podcasts, news articles - are also used in ECON110.
LECTURES
There is a two-hour lecture every week. You must attend lectures every week. Recorded lectures are for revision purposes and emergencies ONLY. Many students plan to listen to recorded lectures, few do.
Monday 2-4 pm Macquarie Theatre
TUTORIALS
Each student must register for a tutorial. Students must finalize their tutorial enrollment by the end of week 2. The timetable for classes for ECON110 is on the University's website - http://www.timetables.mq.edu.au/.
Tutorial changes can ONLY be made through e-student. Students wishing to change tutorial times should log onto e-student and register in a class where there is a vacancy. Address all questions of an administrative nature to the Unit Administrator, Ms Leeanne Mendonca de Mello. Contact her by email found on the iLearn site for ECON110. Other staff members can not deal with administration issues.
There will be ten (10) one-hour tutorials in weeks 2-6 and weeks 8-13.
RECOMMENDED TEXTBOOK AND ONLINE PLATFORM
Joseph Stiglitz et al. (2016) "Introductory Macroeconomics for ECON110," Wiley, Sydney Australia. The recommended textbook is an E-TEXT with interactive features. The e-text can be purchased online at the beginning of the session. It covers the majority of the content of the unit. Information on purchasing the textbook will be provided when available. Other introductory economic textbooks can be used in ECON110 as they typically cover similar material. Please note that textbooks can have different approaches to the presentation of the models developed in the unit. So please be aware that these differences can arise and may be the source of confusion for many students. |
TECHNOLOGY AND ASSOCIATED MATERIALS
Unit Webpage (iLearn)
Course material is available on the ECON110 iLearn site. Regularly visit the website and use it as a resource centre to assist with your learning. All notifications and information that is not included in the Unit Guide will be posted on iLearn. You must check your student email more than once a week (every day is recommended).
Interactive Technology for Lectures (Socrative)
Go to the following website - http://socrative. - and create a student account. You will need to setup your account using the following room name: ECON110
This software can be used on your phone, tablet or computer. The software will allow you to answer questions in the lecture, see other student responses and allow the lecturer to provide immediate feedback.
Online Consultations
We use software that allows students and the lecturer to engage with each other online. The software provides the opportunity for engagement with your lecturer and other students from any place there is a stable internet connection.
Podcasts
We will sometimes use podcasts, particularly from Planet Money http://www.npr.org/podcasts/510289/planet-money. You will need to download a podcast app that is appropriate for your device.
Videos
Videos are an integral part of the unit. These can be used to assist with the content of the lecture and illustrate the link between the theory and real situations. Some of these videos may be used in the tutorials and as stimulus material for examinations. Two common sources of videos and short films:
PRIZE FOR ECON110
The Westpac Macroeconomics Prize. This prize is open to all students enrolled in a Bachelor Degree. It is awarded for the best academic performance in ECON110 for 2016.
LECTURE OUTLINE |
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WEEK |
TOPIC |
Textbook |
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Week 1 |
Introduction to Macroeconomics |
Ch.1 |
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Week 2 |
Concept and Measurement of GDP |
Ch.2 |
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Week 3 |
Concepts and Measurements of Unemployment & Inflation |
Ch.3 |
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Week 4 |
Money and Banks |
Ch.4 |
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Week 5 |
Business Cycles 1(A): Keynesian Model for Fluctuations in GDP |
Ch.5 |
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Week 6 |
Business Cycles 1(B): Keynesian Model for Fluctuations in GDP |
Ch.5 |
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Week 7 |
MID-SESSION TEST |
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Week 8 |
Monetary Policy
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Ch.6 |
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Week 9 |
Business Cycles 2(A): AD-AS Model Fluctuations in GDP & Inflation |
Ch.7 |
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Week 10 |
Business Cycles 2(B): AD-AS Model Fluctuations in GDP & Inflation |
Ch.7 |
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Week 11 |
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Ch.8 |
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Week 12 |
International Finance |
Ch.9 |
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Week 13 |
Over-Run & Revision |
Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
New Assessment Policy in effect from Session 2 2016 http://mq.edu.au/policy/docs/assessment/policy_2016.html. For more information visit http://students.mq.edu.au/events/2016/07/19/new_assessment_policy_in_place_from_session_2/
Assessment Policy prior to Session 2 2016 http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy prior to Session 2 2016 http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.html
Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
Our graduates will take with them the intellectual development, depth and breadth of knowledge, scholarly understanding, and specific subject content in their chosen fields to make them competent and confident in their subject or profession. They will be able to demonstrate, where relevant, professional technical competence and meet professional standards. They will be able to articulate the structure of knowledge of their discipline, be able to adapt discipline-specific knowledge to novel situations, and be able to contribute from their discipline to inter-disciplinary solutions to problems.
This graduate capability is supported by:
We want our graduates to be capable of reasoning, questioning and analysing, and to integrate and synthesise learning and knowledge from a range of sources and environments; to be able to critique constraints, assumptions and limitations; to be able to think independently and systemically in relation to scholarly activity, in the workplace, and in the world. We want them to have a level of scientific and information technology literacy.
This graduate capability is supported by:
Our graduates should be capable of researching; of analysing, and interpreting and assessing data and information in various forms; of drawing connections across fields of knowledge; and they should be able to relate their knowledge to complex situations at work or in the world, in order to diagnose and solve problems. We want them to have the confidence to take the initiative in doing so, within an awareness of their own limitations.
This graduate capability is supported by:
The textbook is different from the textbook used in 2015.
This session the textbook is an E-TEXT version of Stiglitz et al. (2016). Also, note that this textbook is different to the hardcopy version of the Stiglitz textbook. I would not recommend purchasing the hardcopy textbook as substantial changes have been made.