Pre-requisite: 51008
It is becoming increasingly important for households, business enterprises and governments to understand the macroeconomic context in which they operate. Consequently, students need to understand macroeconomic theory and be able to apply that theory in interpreting and analysing macroeconomic information and policy. This unit focuses on contemporary macroeconomic events and theory that may be used in their explanation. Emphasis is placed on the development of skills required for macroeconomic analysis.