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 2022 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 10 units, leading on to 19 units in all.
- Credit points
- 6
- Offered in 2022
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 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
10 units list ECF1200 as a prerequisite or corequisite.
- ECB2330Macroeconomic policyNo reviews yet
- ECB3121Economics of international trade and financeNo reviews yet
- ECC2010Intermediate macroeconomicsNo reviews yet
- ECC2300Crashes, crises and macroeconomic policyNo reviews yet
- ECC3600Experimental economicsNo reviews yet
- ECC3690International economicsNo reviews yet
- ECF2331Macroeconomic policyNo reviews yet
- ECM2310Culture, growth and developmentNo reviews yet
Enrolment rules
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 2022
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment40%
- Examination60%
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
- 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 engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
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 2022 handbook.
Contacts
- Chief Examiners
- Dr Wayne Geerling
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 10 units, including ECB2330, ECB3121, ECC2010, ECC2300, ECC3600 and ECC3690. Those lead on to 19 units in all.
When is ECF1200 offered?
In 2022, 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 60% of the final mark, alongside 1 other task.
Which majors and minors include ECF1200?
ECF1200 is part of Accounting; and Economics and business strategy.