Macroeconomic Policy - 2018

Unit summary


  • Level of Study: Undergraduate Level 2
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2017: SP3
  • Availability for 2018: SP1 , SP3
  • Assessment: Assignment - Group (20-30%) , Invigilated Exam - Individual (40-60%) - Learn more

Unit provided by

2018 Fees
Domestic 3,070.00
Domestic continuing 1,465.00
HECS 1,368.00
International 3,320.00
International continuing 1,715.00

Tuition fees are reduced for continuing registered SWI students.
Please login to view the applicable amount.

The objectives of Macroeconomic Policy are for students to (i) understand how to evaluate macroeconomic conditions such as growth, unemployment and inflation; (ii) understand how fiscal and monetary policies can be used to influence short-run macroeconomic conditions; and (iii) understand media accounts of macroeconomic issues. ECO20004 is a useful unit for students who want to major in economics, accounting, finance, law and other business disciplines as it provides a coherent framework for considering many topical issues concerning the operation of macroeconomy in a contemporary international setting.

Students who successfully complete this unit will be able to:

  1. Analyse current macroeconomic policy issues such as GDP growth, government debt, budget and current account deficits, inflation-targeting policy and changes in the cash rate
  2. Understand macroeconomic theories at an intermediate level focusing on both the short- and long-run topics; together with popular debate and specific policies and their outcomes in macroeconomics
  3. Evaluate the monetary and fiscal policies aimed at stabilising the economy utilising the aggregate demand and supply framework
  4. Work collaboratively in a team environment, to achieve set goals related to the building of knowledge of economics.
  • Assignment — Group (20-30%)
  • Invigilated Exam — Individual (40-60%)
  • Mid-study period test — Individual (20-30%)
For more information on invigilated exams see Exams and results

Mutually exclusive units

If you are studying towards a degree, you should be aware that this unit is mutually exclusive with the following unit(s):

Please note that if you have already studied any of the mutually exclusive unit(s) listed above, you should check the Course Structure of your degree to see whether you will be able to get credit for this unit, as well as the unit(s) previously studied, towards that qualification.

Mandatory prerequisites

You must have successfully completed the following unit(s) before starting this unit:

If you have completed equivalent study at another university, please contact a Student Advisor for advice.

If you have completed both ECO10002 and ECO10003 you cannot enrol in ECO10004 and ECO20004

This unit addresses the following topics.

1The Quantity Theory of Money
2National Income
3Monetary System
4Inflation and interest rates
5Unemployment and Labor market
6Saving and Investment
7The international Flows of Capital and Goods
8Exhange Rates
9The Facts about the Business Cycle
10The Goods Market and the IS Curve
11The Money Market and the LM Curve
12The Short-Run Equilibrium
13The Mundell-Fleming Model and The Exchange Rate Regime
14Theory of Aggregate Supply
15Inflation, Unemployment, and the Phillips Curve
16Stabilization Policies
17Financial System and Financial Crisis
18Government Debt and Budget Deficits

Each unit offered through OUA provides students with unit information that includes assessment topics and due dates, policy information and contact numbers for university support and academic staff. Study materials will also clearly outline each week's topic, readings, student activities and the format of all assessment.

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:

  1. 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.
  2. 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 Co-Op textbook list.

Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the The Co-op website and enter the unit details to search for available textbooks.

Enquire online

Need to ask a question that's best put down in words?
Make an online enquiry.

Enquire now

Ready to enrol?

Start studying this unit now.


Got a question?

Get an answer from one of our friendly Student Advisors.