ECC2010 Intermediate macroeconomics
Faculty of Business and Economics
ECC2010 Intermediate macroeconomics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2024 in Semester 1 and Semester 2 at Clayton. It needs (ECF1100, ECW1101, ECB1101 or ECC1000) and (ECF1200, ECW1102, ECB1102, ECX1200 or ECC1100) and unlocks 4 units.
- Credit points
- 6
- Offered in 2024
- Semester 1, Semester 2
- Clayton
- Assessment
- Exam 60%
- 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 ECC2010
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ECC2010
4 units list ECC2010 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 Higher 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.
Overview
This unit develops analytical tools for understanding macroeconomic fundamentals. It provides you with a unified framework that can be used to analyse macroeconomic issues such as employment, productivity, growth, inflation, business cycles, and macroeconomic policies. The unit combines macroeconomic theory with real-world applications.
Offerings in 2024
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the basic macroeconomic frameworks
- 2
analyse systematically the forces that determine changes in macroeconomic performance and living standards
- 3
appraise critically the important current macroeconomic issues
- 4
appreciate the nature and relevance of some significant recent developments in macroeconomics
- 5
engage in rigorous economic analysis.
Workload and teaching
- Workshops24 hours
- Teaching approachProblem-based learning
- Teaching approachActive learning
- Teaching approachCase-based teaching
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 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.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.
Learning resources
Required resources
Abel, A.B., Bernanke, B.S., Croushore, D. Macroeconomics, Global Edition, 10th Edition or 9th Edition. Pearson.
Where it fits
ECC2010 is part of 5 areas of study in the 2024 handbook.
Contacts
- Chief Examiners
- Dr Siew Ling Yew
- Professor Moshe Hazan
Common questions
What are the prerequisites for ECC2010?
You need (ECF1100, ECW1101, ECB1101 or ECC1000) and (ECF1200, ECW1102, ECB1102, ECX1200 or ECC1100) before you enrol. Enrolment rules also apply.
What can I take after ECC2010?
ECC2010 is a prerequisite or corequisite for 4 units, including ECC3660, ECF3143, ECM3670 and ECW3143.
When is ECC2010 offered?
In 2024, ECC2010 runs in Semester 1 and Semester 2 at Clayton.
How much work is ECC2010?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC2010 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ECC2010?
ECC2010 is part of Econometrics, Economic analysis, Economics and Mathematical foundations of econometrics.