To enable students to develop a basic understanding of the nature and method of economics within the framework of a “market economy.”
To provide an understanding of the role of money and banking in a market economy.
To Explain the importance of economic development and growth on the whole economy.provide an understanding of the role of fiscal and monetary policy in stabilizing the economy.
Explain the importance of economic development and growth on the whole economy.
Analyze the effects of economic problems such as inflation, recession and unemployment on the economy equilibrium.
Expected Outcomes:
Each student will produce the following outcome as evidence of their work: no more than 4,000 words, minimum 3,000 including a minimum of 5 references.
Topic and Task Requirements:
1) The theoretical framework is the Aggregate Demand and Aggregate Supply. Impact(s) on the economy must be theoretically illustrated using this basic model. Illustrate the unemployment ‘gap’ and how this ‘gap’ can be reduced.
2) The report must make clear references (citations) based on recent articles from the media this year which clearly show evidence of research.
3) The report must be written in Report Format, ie structured with suggested subtitles: Introduction, background, theory, analysis, results, conclusion, references, Appendix.
Coversheet: names, student number, date, title, course unit, word count