Macroeconomics 1
ECO12
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Level of study: What does Undergraduate Level 1 mean?
Undergraduate Level 1
EFTSL: What does EFTSL mean?
0.125
Delivery Method: What does delivery method mean?
Web Supplemented
Prerequisites: What are the prerequisites?
No
Availability: What is a Study period?
For enrolment (2012): For forward planning* (2013): What is Forward Planning?- -
- SP2
- SP3
- -
Duration:
13 weeks
Fee: Fees (current and planned)
- Domestic student fee:
- $1,178.00 (AUD)
- HECS student fee:
- $1,178.00 (AUD)
- International student fee:
- $1,403.00 (AUD)
Description
This unit is an introduction to macroeconomics and includes topics such as: the economy over time, fundamental relationships in the macroeconomy; the introduction of simple macroeconomic models; the simple aggregate demand/aggregate supply model of the macroeconomy; money; the open economy; economic policy; contemporary economic issues.
Special Requirements
- Other special requirement — To obtain a pass grade overall students will normally need to achieve at least 40% in the final examination.
Assessment
- Assignment 1 — Online test (20%)
- Assignment 2 — Applied writing 2500 words (20%)
- Invigilated Exam — 3 hrs (60%)
Learning Outcomes
The aim of this unit is to familiarise students with fundamental macroeconomic principles and the Australian economy in an international economic setting.
At the completion of this unit students will be able to:
- describe, explain and apply basic macroeconomic terms and concepts
- use simple macroeconomic models to interpret the Australian economy
- explain the macroeconomic environment in Australia
- use simple macroeconomic models to analyse the impact of changes in the economy
- evaluate current macroeconomic events, policy issues and debates from an economic perspective.
Topics
This unit addresses the following topics.
| Number | Topic |
|---|---|
| 1 | Macroeconomics and national objectives |
| 2 | Spending in the economy |
| 3 | The multiplier |
| 4 | The aggregate demand and supply model |
| 5 | Money and the financial system |
| 6 | Australia in the international economy |
| 7 | Demand management policies and feedbacks |
| 8 | Supply-side policies |
Study Resources
This unit is delivered using the following methods and materials:
Instructional Methods
- Chat rooms
- Discussion Forum/Discussion Board
- Embedded Multimedia
- Glossary
- Online Quizzes/Tests
- Online assignment submission
- Standard Media
- Web links
Print based materials
- Study Guide
- Welcome Letter
Online materials
- Audio/Video - Streaming
- FAQs
- Online Assessment
- Printable format materials
- Quizzes
Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a unit.
Click on the titles of the listed books below to find out more:
Required textbooks
Macroeconomics + Study Guide + ConnectPlus Access9th
By:Jackson
ISBN: -
Format:Print
Supplier:Go to Unibooks
Recommended textbooks
Study Guide to Accompany Macroeconomics9
By:Bredon George
ISBN: -
Format:Print
Supplier:Go to Unibooks
Relevant Courses
This unit is a core requirement in the following courses:
- Bachelor of Commerce (Sport Management), Curtin University
- Bachelor of Business (Financial Planning), RMIT University
- Bachelor of Business (Logistics and Supply Chain Management), RMIT University
This unit is part of a major, minor, stream or specialisation in the following courses:
This unit is an approved elective in the following courses:
- Bachelor of Business, Swinburne University of Tnlgy
- Bachelor of Technology (Information Systems), Swinburne University of Tnlgy
- Bachelor of Accounting, University of South Australia
This unit may be eligible for credit towards other courses:
- Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
- In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Unibooks textbook list.
If you would like to study this unit and enrol today, add it to your Study Cart. Alternatively if you are still exploring your options, you can save this unit to review later by clicking Save to Wishlist.
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