ECC4660 Macroeconomics
Faculty of Business and Economics
ECC4660 Macroeconomics is a level 4, 6-credit-point, undergraduate and postgraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 at Clayton. It has no prerequisites.
- Credit points
- 6
- Offered in 2027
- Semester 1
- Clayton
- Assessment
- Exam 40%
- and 2 other tasks
- Workload
- 144 hours
- per semester
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Overview
This unit explores neoclassical macroeconomic theory, emphasising rigorous microfoundations, rational decision-making, market clearing, and the roles of technology and preferences in shaping aggregate outcomes. The first part of the unit focuses on growth theory, covering the Solow–Swan model, the Diamond overlapping-generations model, the Ramsey model, and New Growth models. These frameworks provide tools to analyse long-run growth, steady-state analysis, transition dynamics, and the effects of fiscal and/or monetary policies. The second part of the unit examines short-run fluctuations and business cycles, beginning with the fundamental building blocks of consumption–saving behaviour and expectations formation. These foundations support the analysis of Real Business Cycle and New Keynesian models, linking theoretical insights to macroeconomic policy and real-world applications.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | Blended |
Assessment
- Quiz / Test20%
- Written40%
- Examination40%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
be aware of major recent developments in the field of macroeconomics
- 2
have a basic understanding of the concepts and techniques of macroeconomic forecasting using an applied general equilibrium (AGE) model
- 3
be aware of the major developments in the field of macroeconomics in the last ten years
- 4
be familiar with different macroeconomic models used for policy making and their points of emphasis
- 5
be able to make judicious policy predictions and undertake independent research studies in the unit.
Workload and teaching
- Workshops46 hours
- Applied sessions12 hours
- Assessments2 hours
- Teaching approachProblem-based learning
- Teaching approachActive learning
- Teaching approachResearch activities
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 allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
Learning resources
Technology resources
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Where it fits
ECC4660 is part of 2 areas of study in the 2027 handbook.
Contacts
- Chief Examiners
- Dr Solmaz Moslehi
Common questions
What are the prerequisites for ECC4660?
ECC4660 has no prerequisites.
When is ECC4660 offered?
In 2027, ECC4660 runs in Semester 1 at Clayton.
How much work is ECC4660?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC4660 have an exam?
Yes. The exam is worth 40% of the final mark, alongside 2 other tasks.
Which majors and minors include ECC4660?
ECC4660 is part of Economics.