ECX2953 - Economics - Monash University

Overview

Microeconomics: scarcity; economic choice; economic systems; economic ideology; demand and supply analysis; consumer behaviour and elasticity; costs of production and profit maximisation; perfect competition and monopoly. Macroeconomics: aggregate demand and aggregate supply; Keynesian versus Neoclassical approaches; the money market and monetary policy; the government budget deficit and fiscal policy; the … For more content click the Read More button below.

Microeconomics: scarcity; economic choice; economic systems; economic ideology; demand and supply analysis; consumer behaviour and elasticity; costs of production and profit maximisation; perfect competition and monopoly. Macroeconomics: aggregate demand and aggregate supply; Keynesian versus Neoclassical approaches; the money market and monetary policy; the government budget deficit and fiscal policy; the foreign exchange market and exchange rate policy; unemployment and inflation; the current and capital accounts.

Offerings

S1-01-CAULFIELD-FLEXIBLE

S1-01-CLAYTON-FLEXIBLE

S2-01-CAULFIELD-FLEXIBLE

S2-01-CLAYTON-FLEXIBLE

Requisites

Prohibition

ECB1102

6 CP

Introductory macroeconomics

ECW1102

6 CP

Introductory macroeconomics

Principles of microeconomics

Introductory microeconomics

ECW1101

6 CP

Introductory microeconomics

ECC1100

6 CP

Principles of macroeconomics

ECF1200

6 CP

Macroeconomics

Rules

Enrolment Rule

Contacts

Chief Examiner(s)

Associate Professor He-Ling Shi

Notes

ECX2953 may only be undertaken by students who are completing a Major in Accounting in a double degree with one of our partner Faculties and are seeking Professional Accreditation.

Learning outcomes

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

have a basic understanding of the methodology and principles of economics

have a basic understanding of microeconomics and macroeconomics

present arguments and make decisions in the economic environment.

Teaching approach

Problem-based learning

Active learning

Research activities

Assessment

1 - Within semester assessment

2 - Examination

Scheduled and non-scheduled teaching activities

Seminars

Tutorials

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.