ECC5901 Macroeconomics
Faculty of Business and Economics
ECC5901 Macroeconomics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 1 and Semester 2 at Clayton. It has no prerequisites and unlocks 1 unit.
- Credit points
- 6
- Offered in 2023
- Semester 1, Semester 2
- 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 ECC5901
Prohibitions
You can't enrol if you have passed any of these.
After ECC5901
1 unit list ECC5901 as a prerequisite or corequisite.
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 2023
| 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
- Tutorials12 hours
- Seminars24 hours
- Lectures24 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.
Learning resources
Required resources
Abel, A.B., Bernanke, B.S., Croushore, D. Macroeconomics, Global Edition, 10th Edition or 9th Edition. Pearson.
Contacts
- Chief Examiners
- Dr Siew Ling Yew
Common questions
What are the prerequisites for ECC5901?
ECC5901 has no prerequisites.
What can I take after ECC5901?
ECC5901 is a prerequisite or corequisite for 1 unit, including ECF5421.
When is ECC5901 offered?
In 2023, ECC5901 runs in Semester 1 and Semester 2 at Clayton.
How much work is ECC5901?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC5901 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.