audting

Topics: Supply and demand, Economics, Monetary policy Pages: 12 (2350 words) Published: September 21, 2013
COLLEGE OF BUSINESS, HOSPITALITY AND TOURISM STUDIES
SCHOOL OF ACCOUNTING

ACC701
Auditing
Trimester 03/2013
ASSIGNMENT (INDIVIDUAL)
Due Date: 27/09/2013 (Friday)
MARKS: 10%
Assignment 1

Topic: Role of Mandatory Auditing in Corporate Governance.
Corporate governance is an internationally debated interdisciplinary concept with many characteristics (Nobel, 1998). However, the concern is whether in the context of corporate governance, auditors play an important role (Krishnan, 2009) Required:

Do you think that auditors play important role in corporate governance? Explain what they are expected to do and what they are actually doing. Support your arguments with real world examples.

You are required to provide evidence of reading in a comprehensive bibliography. You should scan the journals/ periodicals for any articles relevant for your discussion. Original thinking is also encouraged, through your own thoughts and ideas in relation to the discussion.

Your Assignment should be well structured, making use of headings and sub- sections.

Copying from books, articles or other students is plagiarism, and any such work will automatically receive a mark of Zero.
Word guide: 2000 -3000

FIJI NATIONAL UNIVERSITY
COLLEGE OF BUSINESS, HOSPITALITY AND TOURISM STUDIES
SCHOOL OF ECONOMICS, BANKING & FINANCE
DEPARTMENT OF ECONOMICS

ECN601 Macroeconomics II 8 Credit Point Trimester 2, 2013

Unit Coordinator: Mr. Keshmeer Makun

Contributing Lecturers:Mr. Abinesh Gounder

Lectures: Fulltime students: Tuesday 8-10am H004 and Thursday 8-10am H004 Part time Students: Monday 6-8pm CBR and Tuesday 6-8pm H002

Tutorials/Labs/Workshops: Fulltime student: Tuesday 4-6pm H201 Part time student: Thursday 6-8pm CBR

Consultation Time:Wednesday 10-12pm or prior appointment via email:
Abinesh.G@fnu.ac.fj
Prerequisite:The student must have passed ECN501 or consent from HOD. E-Information:All pertinent information relating to the unit shall be posted on class share. Students are required to check emails regularly for communication from the lecturer.

TOTAL LEARNING HOURS

Contact Hours72
Lectures48
Tutorials24
Labs/Workshops0
Field Trip(s)0
Self Directed Learning (during term)82
Self Directed Learning (Mid-Term Break, Study & Exam Week)56 Total Recommended Learning Hours210

1.0Welcome
I welcome you to this Unit and hope that you will find it enriching and interesting. This unit will introduce you to the literature on Macroeconomics and its Application. This unit is a core unit for B. Com major in Economics.

2.0 Unit Description
Macroeconomics is about analyzing and interpreting the economic behavior of economic agents and designing policies to raise the living standards of the society. Agents such as consumers, producers, exporters and importers (which we call the private sector) invest their incomes, time and efforts to undertake risks in order to maximize their objectives. However, within the context of this course, it must be noted that individual behavior and aggregate economy wide behavior of agents are valued differently

Generally, the government intervenes when markets fail. There are two market clearing mechanisms-price and quantity. Markets determine prices which in turn determine equilibrium quantity. This is what New-Classical believes. Sometimes markets take a very long time to clear. In this situation, policy intervention is required or else persistent unemployment/recession may grow for long. These policies directly or indirectly determine the equilibrium quantity- there is limited role for markets or price system because they cannot adjust effectively. This is the rationale for intervention as proposed by the New Keynesians. Apart from correcting the inefficiencies, government intervention is required to see that macroeconomic problems such as...

References: 3. Bodman Philip and Crosby Mark(2002), The Australian Business Cycle: Australian Economic Papers, pp191 – 196
4. Milton Friedman (1992), “ The Causes and Cures of Inflation”, Harcourt Brace Jovaniach, New York, pp 163 – 165
2. Text: Chapter 2: National Income Accounting, pp. 27-50
3. William Nordhaus (1994), “Do Real Output and Real Wage Measures Capture Reality?”, Cowles Foundation Discussion Paper, pp 493 - 501
4. Repetto Magrath (1989) “ Wasting Assets: Natural Resources in the National Income Accounts”, World Resource Institute, Washington DC, pp 191 – 202
SDL Activities
2. Text: Chapter 5: Supply and Demand Analysis, pp. 110-131
3. Geoffrey Moore (1983), “Business Cycles, Inflation and Forecasting”, Ballinger Publishing, pp 112 – 119
4. George Akerlof and Janet Yellen (1985),” A Near-Rational Model of the Business Cycle” Journal of Economics: pp 100 – 107
SDL Activities
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