Macroeconomics - 2017

Unit summary


  • Level of Study: Undergraduate Level 1
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2017: SP2
  • Assessment: Invigilated Exam - (50-60%) , Test - (40-50%)

Unit provided by

2017 Fees
Domestic 2,893.00
Domestic continuing 1,383.00
HECS 1,324.00
International 3,143.00
International continuing 1,633.00

Tuition fees are reduced for continuing registered SWI students.
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The unit aims to provide students with the theoretical and analytical skills to understand and interpret the likely impact of macroeconomic conditions on a business, industry, and economic policies. 
The unit will examine various economic models to determine the level of economic activity both domestically and at an international level. Students will explore how unemployment, prices, GDP growth and external balance can impact on national economies.

Please note: assessment values are indicative only, details will be advised at the start of the unit.

After successfully completing this unit, you will be able to:

  1. Interpret economic data, and use graphs to represent economic theory and practice
  2. Identify and communicate the main issues of concern to the Australian economy and assess the potential impact of those issues on government, business and individuals
  3. Articulate culturally sensitive and ethical reasoning to changes in economic policy and activity
  4. Argue and defend conflicting objectives of economic policy.
  • Invigilated Exam — (50-60%)
  • Test — (40-50%)
For more information on invigilated exams see Exams and results

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:

Mandatory prerequisites

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

  • ECO10002 — Microeconomics

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

  • Additional materials

This unit addresses the following topics.

1Economic output
2Determination of output, employment and prices using an AD/AS model and Aggregate Expenditure (Keynesian) model
3The business cycle and unemployment
4Inflation and its relationship with unemployment
5Balance of payments, external debt and net foreign liabilities
6Foreign exchange markets
7Monetary policy, fiscal policy and policies to promote economic growth
8Policy overview and assessment

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

Print based materials

  • Welcome Letter

Online materials

  • Printable format materials

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.

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