Faculty of Business and Economics
ECC1100 Principles of macroeconomics is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2021 in Summer A, Semester 1 and Semester 2 at Clayton. It has no prerequisites and unlocks 9 units, leading on to 17 units in all. Students rate it 4.0 out of 5 from 1 review and call it easy.
This is the 2021 handbook entry. See the 2027 entry.
Interesting content, very conceptual rather than what macroeconomics later becomes in intermediate macroeconomics for example, which is just maths.
You can't enrol if you have passed any of these.
9 units list ECC1100 as a prerequisite or corequisite.
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.
This unit introduces you to macroeconomics, from the leading schools of thought and the microeconomic underpinnings to policy analysis. You will develop a broad understanding of the various indicators of macroeconomic performance of a country, such as inflation, unemployment and economic growth, as well as their interrelation, strengths and deficiencies. The role of monetary and fiscal policy in business cycles and economic growth is studied in the context of the current macroeconomic challenges.
| Teaching period | Campus | Mode |
|---|---|---|
| Summer semester A | Clayton | On campus |
| First semester | Clayton | On campus |
| Second semester | Clayton | On campus |
When you finish this unit, you should be able to:
interpret recent movements in key economic indicators of the Australian and other economies and appreciate some of the definition and measurement problems associated with the available data
understand the importance of distinguishing between the short-run and long-run impacts of macroeconomic policy
apply economic analysis appropriate to achieving an understanding of the working of the macroeconomy
recognise the significance of Australia's economy in relation to the rest of the world and the implications of this interdependence for the balance of payments and exchange rate
understand regulatory and political environments and how they impact on business and the economy.
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.
ECC1100 is part of 3 areas of study in the 2021 handbook.
ECC1100 has no prerequisites, but enrolment rules apply.
ECC1100 is a prerequisite or corequisite for 9 units, including ECB2330, ECB3121, ECC2010, ECC2300, ECC2511 and ECC3690. Those lead on to 17 units in all.
In 2021, ECC1100 runs in Summer A, Semester 1 and Semester 2 at Clayton.
Students who took it rate it easy to do well in and light on workload (1 rating). The handbook expects about 144 hours of study across the semester.
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
ECC1100 is part of Accounting, Economic analysis and Economics.
It is rated 4.0 out of 5 from 1 review. Read the reviews above or add your own.