Monash South Africa Economics (ECS2730)

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Monash South Africa Economics (ECS2730)

6 points, SCA Band 3, 0.125 EFTSL

Synopsis

Measuring and interpreting macroeconomic data; consumption and investment decisions; analysis of the real exchange rate and trade balance; assets price movements; different international monetary systems; the economic benefits and costs of optimum currency areas; IS-LM mode; AD-AS model; how policy-makers in South Africa and the broader African continent try to stablise the economy.

Outcomes

The learning goals associated with this unit are to:

  1. demonstrate the impact of monetary and government policies on an open economy using the IS-LM model and AD-AS model
  2. explain the policy consequences of consumption and investment decisions
  3. explain how policies affect the trade balance and income
  4. analyse policy responses to assets price movements
  5. evaluate the economic benefits and costs of optimum currency areas.

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Dr Tendeukayi Mugadza

Prerequisites

ECB1102 or ECG1102 or ECW1102 or ECS1102

Prohibitions

ECB2330, ECB2331, ECF2331, ECG2730, ECW2730.