Macroeconomics
ECO101
Overview
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?
Fully Online
Prerequisites: What are the prerequisites?
Duration:
13 weeks
Domestic student fee:
$1,178.00 (AUD)
HECS student fee:
$1,178.00 (AUD)
International student fee:
$1,403.00 (AUD)
Description
ECO101 Macroeconomics has two broad aims. The first is to help students to develop the necessary knowledge of the main concepts and tools of macroeconomics so they can analyse and interpret economic data and understand the implication of government policies on them, as individuals, and on business generally. The second is to help students to develop expertise in using an analytical approach to issues and problems that will be of benefit to them in both a personal and professional context.
Prerequisites
Equivalent units
You cannot enrol in this unit if you have successfully completed any of the following unit(s) because they are considered academically equivalent:
- ECO12 — Macroeconomics 1
Assessment
- Assignments — And/or test (35%-45%)
- Invigilated Exam — (55%-65%) (60%)
Learning Outcomes
At the completion of this unit students will be able to:
- identify the main macroeconomic issues of concern in the Australian economy
- appreciate the significance of those issues for government, business and individuals
- understand the key forces influencing the level and variability of economic activity
- understand the main policies available to the authorities in attempting to influence macroeconomic activity
- interpret, analyse and evaluate news items relating to macroeconomic issues and policies.
Topics
This unit addresses the following topics.
| Number | Topic |
|---|---|
| 1 | The meaning and measurement of macroeconomic activity, business cycles, unemployment, inflation, balance of payments and macroeconomic goals. |
| 2 | The aggregate demand/aggregate supply model. The aggregate expenditure (Keynesian) model, multiplier effects, fiscal policy and the public debt. |
| 3 | Money, interest rates and monetary policy. The balance of payments, the exchange rate and foreign debt. |
| 4 | The Phillips curve dilemma. The relationship between unemployment and inflation. |
Study Resources
This unit is delivered using the following methods and materials:
Instructional Methods
- Discussion Forum/Discussion Board
- Online Quizzes/Tests
- Online assignment submission
- Streaming Multimedia
- Web links
Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the Unibooks website and enter the unit details to search for available textbooks.
Relevant Courses
This unit is part of a major, minor, stream or specialisation in the following courses:
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.
