ECF1200 - Macroeconomics - Monash University

Overview

This unit uses aggregate demand and supply analysis as a tool for identifying and explaining the business cycle, output growth employment, inflation and the current account deficit. The investigation will illustrate the impact of the macroeconomy on decisions by firms and other economic agents in the economy and the effect … For more content click the Read More button below.

This unit uses aggregate demand and supply analysis as a tool for identifying and explaining the business cycle, output growth employment, inflation and the current account deficit. The investigation will illustrate the impact of the macroeconomy on decisions by firms and other economic agents in the economy and the effect of fiscal and monetary policies on business outcomes. Key strategic variables affecting decision making in the macro business environment are interest rates, inflation and the Australian dollar.

Offerings

S1-01-CAULFIELD-ON-CAMPUS

S2-01-CAULFIELD-ON-CAMPUS

Requisites

Prohibition

Rules

Enrolment Rule

If you are enrolled in course B2007 you cannot undertake this unit

To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.

Contacts

Chief Examiner(s)

Dr Anupama Sethi

Notes

ECX1200 can be taken as an alternative to this unit

Learning outcomes

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

understand and evaluate the importance of factors that determine aggregate output, unemployment, interest rates, inflation and the exchange rate

appreciate the influence of macroeconomic conditions on decision making in government, business and international trade

analyse and critically evaluate policies designed to affect individual behaviour and aggregate outcomes.

Teaching approach

Active learning

Problem-based learning

Assessment

1 - Within semester assessment

2 - Examination

Scheduled and non-scheduled teaching activities

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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Learning resources

Required resources