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The 2008-09 global financial crisis was one of the most serious macroeconomic shocks to the world economy and had lasting profound impacts on individuals and businesses. This is an example of why it is important for businesses and households to understand the macroeconomic environment in which they operate, and to monitor macroeconomic development. Students of Business Economics need to be familiar with macroeconomic theories and to be able to use the analytical framework offered by this course to evaluate macroeconomic information, events and policies. This course is designed for those students who intend running their own business as well as those pursuing careers in finance and banking, consulting, government, the Reserve Bank of Australia, and in non-profit organisations such as the IMF and the World Bank.

This course focuses on contemporary macroeconomic events and theories. It examines analytical tools such as aggregate demand and aggregate supply, and IS-LM models as well as policy issues in closed and open economy. Emphasis is placed on the development of skills required for macroeconomic analysis in the context of business decision making and government policy.

On successful completion of this course, students should be able to:

1. use macroeconomic models to explain and solve real world problems;
2. use macroeconomic theories to evaluate and improve macroeconomic policies;
3. develop collaborative and autonomy skills through engaging in online discussion and participation;
4. present macroeconomic analysis in research essay format using language literacy, computer literacy and numeracy;
5. communicate the results of an economic analysis to an audience of stakeholders in a potential project or decision;
6. design, develop and implement creative and appropriate initiatives with regard to economic and financial decisions.