ECC5953 Economics
Faculty of Business and Economics
ECC5953 Economics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 and Semester 2 at Clayton. It has no prerequisites and unlocks 1 unit.
- Credit points
- 6
- Offered in 2021
- Semester 1, Semester 2
- Clayton
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
The 2027 handbook has no page for ECC5953. This is its 2021 entry, the latest one.
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Requisites
Before ECC5953
Prohibitions
You can't enrol if you have passed any of these.
After ECC5953
1 unit list ECC5953 as a prerequisite or corequisite.
Enrolment rules
If you are enrolled in course B6001 you cannot undertake this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Microeconomics: scarcity; economic choice; economic systems; economic ideology; demand and supply analysis; consumer behaviour and elasticity; costs of production and profit maximisation; perfect competition and monopoly. Macroeconomics: aggregate demand and aggregate supply; Keynesian versus Neoclassical approaches; the money market and monetary policy; the government budget deficit and fiscal policy; the foreign exchange market and exchange rate policy; unemployment and inflation; the current and capital accounts.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | Evening |
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
have a basic understanding of the methodology and principles of economics
- 2
have a basic understanding of microeconomics and macroeconomics
- 3
present arguments and make decisions in the economic environment.
Workload and teaching
- Lectures24 hours
- Tutorials12 hours
- Teaching approachActive learning
- Teaching approachOnline 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.
Contacts
- Chief Examiners
- Associate Professor He-Ling Shi
Common questions
What are the prerequisites for ECC5953?
ECC5953 has no prerequisites, but enrolment rules apply.
What can I take after ECC5953?
ECC5953 is a prerequisite or corequisite for 1 unit, including ACF5130.
When is ECC5953 offered?
In 2021, ECC5953 runs in Semester 1 and Semester 2 at Clayton.
How much work is ECC5953?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC5953 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
More details
- Credit points
- 6
- Level
- 5
- Study level
- Postgraduate
- Faculty
- Faculty of Business and Economics
- Organisational unit
- Department of Economics
- Type
- Coursework
- EFTSL
- 0.125
- Student contribution
- SCA Band 4
- Study abroad
- Available
- Handbook years
- 20202021