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Monetary and Fiscal Policy unit (BEA320)

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Unit year 2026

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Location: Hobart, Online

Introduction

This unit uses a contemporary macroeconomic modelling framework to analyse the role of fiscal and monetary policies on economic outcomes. The study of fiscal policy includes the role of stimulus during recessions, and the impact and consequences of government expenditures and tax policies on its budget, debt and on private sector behaviour. The study of monetary policy includes business cycle stabilization and inflation targeting by central banks with conventional and unconventional policies when the zero lower bound constrains interest rates. Students who successfully complete this unit will be able to critically discuss and examine current economic conditions and policies using economic models as a tool for organising their arguments.

Summary

Unit name Monetary and Fiscal Policy
Unit code BEA320
Credit points 12.5
College/School Tasmanian School of Business and Economics
Discipline Economics
Coordinator Doctor Oscar Pavlov
Available as an elective? Yes
Delivered By University of Tasmania
Level Advanced

Sustainable Development Goals

The Unit Coordinator has identified that this unit aligns with the following UN Sustainable Development Goals. We welcome your thoughts and feedback on the alignment of the unit with these goals.

Availability

Location Study period Attendance options Available to
Hobart Semester 1 This unit is available through on-campus delivery Available to International Students Available to Domestic Students
Online Semester 1 This unit is available through off-campus delivery Available to International Students Available to Domestic Students
  • Key:
  • This unit is available through on-campus delivery On-campus
  • This unit is available through off-campus delivery Off-Campus
  • Available to International Students International students
  • Available to Domestic Students Domestic students
Note

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Key Dates

Study Period Start date Census date WW date End date
Semester 1 22/2/2026 16/3/2026 19/4/2026 13/6/2026

* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).

Unit census dates currently displaying for 2026 are indicative and subject to change. Finalised census dates for 2026 will be available from the 1st October 2025. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

About Census Dates

Learning Outcomes

  • Apply economic models to the analysis of economies and critically evaluate fiscal and monetary policies.
  • Communicate policy analysis as well as evidence-based policy recommendations.
  • Access, analyse and interpret economic data.

Fee Information

Field of Education Commencing Student Contribution 1,3 Grandfathered Student Contribution 1,3 Approved Pathway Course Student Contribution 2,3 Domestic Full Fee 4
091901 $2,174.00 $1,703.00 not applicable $2,862.00
  • Available as a Commonwealth Supported Place
  • HECS-HELP is available on this unit, depending on your eligibility3
  • FEE-HELP is available on this unit, depending on your eligibility4

1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.

If you have any questions in relation to the fees, please contact UniConnect or more information is available on StudyAssist.

Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.

Requisites

Prerequisites

BEA121 OR Completion of the Bachelor of Business

Teaching

AssessmentGroup Assignment (30%)|Mid-semester test (30%)|Take-home exam (40%)
TimetableView the lecture timetable | View the full unit timetable

Textbooks

Required

You will need the following text [available from Booktopia or Amazon]:

Charles I. Jones (2025). Macroeconomics, Sixth Edition (6E International Student Edition), W.W. Norton & Company, New York.

Additional readings will be posted on MyLO.

 

Software:

Microsoft Excel will be used to analyse economic data.
Recommended

Supplementary readings and resources will be made available on MyLO.

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.