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 2020 in Semester 1 and Semester 2 at Caulfield and City (Melbourne). It has no prerequisites and unlocks 8 units, leading on to 18 units in all.
- Credit points
- 6
- Offered in 2020
- Semester 1, Semester 2
- Caulfield, City (Melbourne)
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ECF1200
Prohibitions
You can't enrol if you have passed any of these.
After ECF1200
8 units list ECF1200 as a prerequisite or corequisite.
- ECB2330Macroeconomic policyNo reviews yet
- ECB3121Economics of international trade and financeNo reviews yet
- ECC2010Intermediate macroeconomicsNo reviews yet
- ECC2300Current issues in macroeconomic policyNo reviews yet
- ECC2840Australian economic institutions and policyNo reviews yet
- ECF2331Macroeconomic and monetary policyNo reviews yet
- ECF3121Economics of international tradeNo reviews yet
- ECW2730Macroeconomic policyNo reviews yet
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 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| First semester (Fully flex) | Caulfield | Flexible |
| Second semester | Caulfield | On campus |
| Trimester A | City (Melbourne) | On campus |
| Trimester B | City (Melbourne) | On campus |
| Trimester C | City (Melbourne) | On campus |
Assessment
- Within semester assessment40%
- ExaminationThreshold hurdle60%
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
- Lectures24 hours
- Tutorials12 hours
- Workshops30 hours
- Workshops33 hours
- 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.
Learning resources
Required resources
City campus: Stonecash,R., Libich J., Gans,J., King,S., Byford M. & Mankiw, N., Principles of Macroeconomics, 7th edition, Cengage Learning, 2017.
Where it fits
ECF1200 is part of 3 areas of study in the 2020 handbook.
Contacts
- Chief Examiners
- Dr Kris Ivanovski
- Professor Mark Crosby
Common questions
What are the prerequisites for ECF1200?
ECF1200 has no prerequisites.
What can I take after ECF1200?
ECF1200 is a prerequisite or corequisite for 8 units, including ECB2330, ECB3121, ECC2010, ECC2300, ECC2840 and ECF2331. Those lead on to 18 units in all.
When is ECF1200 offered?
In 2020, ECF1200 runs in Semester 1 and Semester 2 at Caulfield and City (Melbourne).
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 60% of the final mark, alongside 1 other task.
Which majors and minors include ECF1200?
ECF1200 is part of Accounting; Banking and finance; and Economics and business strategy.