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:
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- demonstrate the impact of monetary and government policies on an open economy using the IS-LM model and AD-AS model
- explain the policy consequences of consumption and investment decisions
- explain how policies affect the trade balance and income
- analyse policy responses to assets price movements
- evaluate the economic benefits and costs of optimum currency areas.
Assessment
Within semester assessment: 40%
Examination: 60%
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.
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Undergraduate – Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Business and Economics
Coordinator(s)
Dr Tendeukayi Mugadza
Offered
South Africa
- First semester 2017 (Day)
- Summer semester A 2017 (Day)
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