ECF1200 Macroeconomics
Faculty of Business and Economics
ECF1200 Macroeconomics is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 7 units, leading on to 13 units in all.
- Credit points
- 6
- Offered in 2027
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 3 other tasks
- Workload
- 144 hours
- per semester
Reviews
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Requisites
Before ECF1200
Prohibitions
You can't enrol if you have passed any of these.
After ECF1200
7 units list ECF1200 as a prerequisite or corequisite.
- ECB2330Macroeconomic policyNo reviews yet
- ECB3121Economics of international trade and financeNo reviews yet
- ECC2010Intermediate macroeconomicsNo reviews yet
- ECC3690International economicsNo reviews yet
- ECF2331Macroeconomic policyNo reviews yet
- ECW2730Macroeconomic policyNo reviews yet
- ECX2300Crashes, crises and macroeconomic policyNo reviews yet
Enrolment rules
If you are enrolled in course B2007 you cannot undertake this unit
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 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.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit uses aggregate demand and supply analysis as a tool for identifying and explaining the business cycle, output growth employment, inflation and the current account deficit. The investigation will illustrate the impact of the macroeconomy on decisions by firms and other economic agents in the economy and the effect of fiscal and monetary policies on business outcomes. Key strategic variables affecting decision making in the macro business environment are interest rates, inflation and the Australian dollar.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | Blended |
| Second semester | Caulfield | Blended |
Assessment
- Exercise20%
- Demonstration10%
- Presentation20%
- Examination50%
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
understand and evaluate the importance of factors that determine aggregate output, unemployment, interest rates, inflation and the exchange rate
- 2
appreciate the influence of macroeconomic conditions on decision making in government, business and international trade
- 3
analyse and critically evaluate policies designed to affect individual behaviour and aggregate outcomes.
Workload and teaching
- Workshops24 hours
- Applied sessions12 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. 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 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.
Learning resources
Required resources
Hubbard et al. "Macroeconomics", 4th edition, 2018 (Pearson).
Where it fits
ECF1200 is part of 2 areas of study in the 2027 handbook.
Contacts
- Chief Examiners
- Dr Anupama Sethi
Common questions
What are the prerequisites for ECF1200?
ECF1200 has no prerequisites, but enrolment rules apply.
What can I take after ECF1200?
ECF1200 is a prerequisite or corequisite for 7 units, including ECB2330, ECB3121, ECC2010, ECC3690, ECF2331 and ECW2730. Those lead on to 13 units in all.
When is ECF1200 offered?
In 2027, ECF1200 runs in Semester 1 and Semester 2 at Caulfield.
How much work is ECF1200?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF1200 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 3 other tasks.
Which majors and minors include ECF1200?
ECF1200 is part of Accounting; and Economics and business strategy.