ECB1102 Introductory macroeconomics
Faculty of Business and Economics
ECB1102 Introductory macroeconomics is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 2 at Peninsula. It has no prerequisites and unlocks 9 units, leading on to 15 units in all.
- Credit points
- 6
- Offered in 2023
- Semester 2
- Peninsula
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ECB1102
Prohibitions
You can't enrol if you have passed any of these.
After ECB1102
9 units list ECB1102 as a prerequisite or corequisite.
- ECB2330Macroeconomic policyNo reviews yet
- ECB3121Economics of international trade and financeNo reviews yet
- ECC2010Intermediate macroeconomicsNo reviews yet
- ECC3144Economic history: The rise of capitalismNo reviews yet
- ECC3690International economicsNo reviews yet
- ECF2331Macroeconomic policyNo reviews yet
- ECW2730Macroeconomic policyNo reviews yet
- ECX2300Crashes, crises and macroeconomic policyNo reviews yet
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 11 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
The unit introduces you to the study of economics from a macroeconomic perspective. Fundamental principles of macroeconomics will be applied to the analysis of Gross Domestic Product, National Income and Aggregate Expenditure, savings and investment, unemployment, money and the Australian monetary system, and aggregate demand and supply in the short and long run. The role of monetary and fiscal policy will be discussed, including related debates on regulatory and political environments and how they impact on business and the macroeconomy.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Peninsula | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
gain an insight into the product, money, labour and foreign exchange markets, and knowledge and understanding of the Australian economy and its operation in an international environment
- 2
identify and explain economic systems and the concept of resource allocation
- 3
discuss the implementation of economic policy in a macroeconomic framework, and the ability of economics as an evolutionary science to address the persistent social and economic problems confronted by society
- 4
recognise regulatory and political environments and how they impact on business
- 5
acquire the basis for more advanced studies in economics
- 6
demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered.
Workload and teaching
- Workshops24 hours
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Where it fits
ECB1102 is part of 3 areas of study in the 2023 handbook.
Contacts
- Chief Examiners
- Associate Professor Lionel Frost
Common questions
What are the prerequisites for ECB1102?
ECB1102 has no prerequisites, but enrolment rules apply.
What can I take after ECB1102?
ECB1102 is a prerequisite or corequisite for 9 units, including ECB2330, ECB3121, ECC2010, ECC3144, ECC3690 and ECF2331. Those lead on to 15 units in all.
When is ECB1102 offered?
In 2023, ECB1102 runs in Semester 2 at Peninsula.
How much work is ECB1102?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECB1102 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ECB1102?
ECB1102 is part of Accountancy; Economics and business decisions; and Finance and economics.