ECB2330 Macroeconomic policy
Faculty of Business and Economics
ECB2330 Macroeconomic policy is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2024 in Semester 1 at Peninsula. It needs ECB1102, ECX1200, ECC1100, ECF1200 or ECW1102 and unlocks 5 units.
- Credit points
- 6
- Offered in 2024
- Semester 1
- Peninsula
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2024 handbook entry. See the 2027 entry.
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Requisites
Before ECB2330
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ECB2330
5 units list ECB2330 as a prerequisite or corequisite.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 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
This unit develops analytical skills and fundamental concepts that economists need in order to understand the overall macroeconomic policies. It will cover the cyclical behaviour of the economy; the determinants of the level of national income, money and inflation, interest rate, exchange rate, capital flows, international trade, and the natural rate of unemployment; the role of monetary, fiscal and exchange rate policies in influencing economic activities.
Offerings in 2024
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Peninsula | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the measurement of income, prices, money and unemployment
- 2
distinguish between the short-run and long-run impacts of macroeconomic policy
- 3
understand the concepts of aggregate demand, aggregate supply and general equilibrium, and be able to use them for policy analysis
- 4
understand the effect of macroeconomic policy on the trade balance, inflation, unemployment and income
- 5
be able to critically assess macroeconomic policy.
Workload and teaching
- Workshops24 hours
- Teaching approachActive learning
- Teaching approachProblem-based 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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Where it fits
ECB2330 is part of 2 areas of study in the 2024 handbook.
Contacts
- Chief Examiners
- Dr Jackie So
Common questions
What are the prerequisites for ECB2330?
You need ECB1102, ECX1200, ECC1100, ECF1200 or ECW1102 before you enrol. Enrolment rules also apply.
What can I take after ECB2330?
ECB2330 is a prerequisite or corequisite for 5 units, including ECB3143, ECC3660, ECF3143, ECM3670 and ECW3143.
When is ECB2330 offered?
In 2024, ECB2330 runs in Semester 1 at Peninsula.
How much work is ECB2330?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECB2330 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ECB2330?
ECB2330 is part of Economics and business decisions; and Finance and economics.