ECC2300 Crashes, crises and macroeconomic policy
Faculty of Business and Economics
ECC2300 Crashes, crises and macroeconomic policy is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 2 at Clayton. It needs (ECC1000, ECF1100, ECW1101 or ECB1101) and (ECX1200, ECB1102, ECW1102, ECF1200 or ECC1100).
- Credit points
- 6
- Offered in 2022
- Semester 2
- Clayton
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
The 2027 handbook has no page for ECC2300. This is its 2022 entry, the latest one.
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Requisites
Before ECC2300
Prerequisites
Pass these before you enrol.
After ECC2300
No unit lists ECC2300 as a prerequisite in the 2022 handbook.
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 will examine recent developments in the economy, including the Global Financial Crisis and the COVID-19 recession, and apply macroeconomic theory to explain how they unfolded and how they relate to other trends in the macroeconomy. Topics covered include liquidity traps, secular stagnation, inequality, monetary policy and the rise of automation. Across all topics the unit will cover both the relevant macroeconomic theory and the underlying data including how it is created, analysed and used in the policy making process.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand how economic theory and data are combined to analyse and frame macroeconomic policies
- 2
understand how macroeconomic data is created, and used to design macroeconomic policy
- 3
evaluate the contributions and limitations of economic analysis for helping to understand and to evaluate macroeconomic policy options
- 4
analyse the causes of recent economic crises, apply macroeconomic theory to understand how they unfolded and describe what policies were used to solve them.
Workload and teaching
- Lectures24 hours
- Tutorials12 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. 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.
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
ECC2300 is part of 1 area of study in the 2022 handbook.
Contacts
- Chief Examiners
- Mr Isaac Gross
Common questions
What are the prerequisites for ECC2300?
You need (ECC1000, ECF1100, ECW1101 or ECB1101) and (ECX1200, ECB1102, ECW1102, ECF1200 or ECC1100) before you enrol. Enrolment rules also apply.
When is ECC2300 offered?
In 2022, ECC2300 runs in Semester 2 at Clayton.
How much work is ECC2300?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC2300 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ECC2300?
ECC2300 is part of Economics.