ECC1100 - Principles of macroeconomics

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Overview

This unit introduces students to macroeconomics, from the leading schools of thought and the microeconomic underpinnings to policy analysis. Students will develop a broad understanding of the various indicators of macroeconomic performance of a country, such as inflation, unemployment and economic growth, as well as their interrelation, strengths and deficiencies. … For more content click the Read More button below.

This unit introduces students to macroeconomics, from the leading schools of thought and the microeconomic underpinnings to policy analysis. Students will develop a broad understanding of the various indicators of macroeconomic performance of a country, such as inflation, unemployment and economic growth, as well as their interrelation, strengths and deficiencies. The role of monetary and fiscal policy in business cycles and economic growth is studied in the context of the current macroeconomic challenges.

Offerings

S1-01-CLAYTON-ON-CAMPUS

S1-FF-CLAYTON-FLEXIBLE

S2-01-CLAYTON-ON-CAMPUS

Requisites

Prohibition

Contacts

Chief Examiner(s)

Dr Jaai Parasnis

Notes

IMPORTANT NOTICE:
Scheduled teaching activities and/or workload information are subject to change in response to COVID-19, please check your Unit timetable and Unit Moodle site for more details.

Learning outcomes

On successful completion of this unit, you should be able to:

interpret recent movements in key economic indicators of the Australian and other economies and appreciate some of the definition and measurement problems associated with the available data

understand the importance of distinguishing between the short-run and long-run impacts of macroeconomic policy

apply economic analysis appropriate to achieving an understanding of the working of the macroeconomy

recognise the significance of Australia's economy in relation to the rest of the world and the implications of this interdependence for the balance of payments and exchange rate

understand regulatory and political environments and how they impact on business and the economy.

Teaching approach

Active learning

Assessment

1 - Within semester assessment

2 - Examination

Scheduled and non-scheduled teaching activities

Lectures

Tutorials

Workshops

Workload requirements

Workload

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.