Macroeconomics 1
UndergraduateUSA-ECO122021
Course information for 2021 intake
Get a bird's eye view of the Australian economy from an international perspective.
Notice the shifts in economic management and policy over time. Dissect the concept of an open economy. Utilise macroeconomic models to assess changes in the economy.
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Prior study needed
- Duration
- 13 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Macroeconomics 1
About this subject
At the completion of this subject 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.
- GDP: It's Measurement
- Unemployment and Inflation
- Business Cycles and Long-Run Economic Growth
- Aggregate Expenditure and Output in the Short-Run
- Aggregate Demand - Aggregate Supply (AD-AS Model)
- Money and the Reserve Bank
- Monetary Policy
- Fiscal Policy
- Macroeconomics in an Open Economy
The aim of this subject is to familiarise students with fundamental macroeconomic principles and the Australian economy in an international economic setting.
This subject 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.
- Continuous Assessment (20%)
- Assignment (1500 words) (30%)
- Invigilated Exam - 3 hours (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Others
There are no pre-requisites for this subject. However, if you have not previously studied economics, you may wish to consider undertaking ECO11 'Principles of Economics' before enrolling in ECO12.
Additional requirements
- Other requirements -
To obtain a pass grade overall students will normally need to achieve at least 40% in the final examination
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
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