ECC5660 Macroeconomic theory
Faculty of Business and Economics
ECC5660 Macroeconomic theory is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 1 at Clayton. It has no prerequisites.
- Credit points
- 6
- Offered in 2023
- Semester 1
- Clayton
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
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Requisites
Before ECC5660
No prerequisites or corequisites besides the enrolment rules below.
After ECC5660
No unit lists ECC5660 as a prerequisite in the 2023 handbook.
Enrolment rules
You must be enrolled in course 3194 to undertake this unit. If you are enrolled in B6030 you can enrol in this unit upon written permission from the Course Director of B6030.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Underpinnings of modern macroeconomics basic to models of growth and cyclical fluctuations as well as models of monetary and fiscal policies. Topics include neoclassical and endogenous growth theories; overlapping generations models with and without money; policy ineffectiveness issues; equilibrium business cycle as well as traditional Keynesian models of fluctuations; and models of incomplete nominal adjustment such as those of New-Keynesian and the Lucas-Supply variety.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
develop familiarity with the mathematical tools and techniques of modern macroeconomic theory
- 2
understand the economics of growth and business cycle fluctuations
- 3
appreciate the role of economic policy in the short and long-run
- 4
enhance understanding of the basic theoretical approaches employed in specialist fields such as international economics, economic development/growth, dynamics stochastic general equilibrium and financial economics.
Workload and teaching
- Workshops24 hours
- Teaching approachProblem-based learning
- Teaching approachActive 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 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.
Contacts
- Chief Examiners
- Dr Solmaz Moslehi
Common questions
What are the prerequisites for ECC5660?
ECC5660 has no prerequisites, but enrolment rules apply.
When is ECC5660 offered?
In 2023, ECC5660 runs in Semester 1 at Clayton.
How much work is ECC5660?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC5660 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.