ECF2331 Macroeconomic policy
Faculty of Business and Economics
ECF2331 Macroeconomic policy is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 and Semester 2 at Caulfield and City (Melbourne). It needs ECB1102, ECC1100, ECF1200 or ECW1102 and unlocks 6 units.
- Credit points
- 6
- Offered in 2021
- Semester 1, Semester 2
- Caulfield, City (Melbourne)
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2027 entry.
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Requisites
Before ECF2331
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ECF2331
6 units list ECF2331 as a prerequisite or corequisite.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher 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.
Trimester A, Trimester B, and Trimester C City location offerings for this unit are only available for Bachelor of International Business and associated double degree students.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit examines the scope for policy to improve macroeconomic performance. It will cover: the cyclical behaviour of the economy; the role of monetary, fiscal and exchange rate policies in influencing economic activities; the implementation and operation of monetary policy; the relationship of exchange rates to monetary policy.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Second semester | Caulfield | On campus |
| Trimester A | City (Melbourne) | On campus |
| Trimester B | City (Melbourne) | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the importance of distinguishing between the short-run and long-run impacts of macroeconomic policy
- 2
understand the importance of and the differences between monetary, fiscal, and exchange rate policies
- 3
critically assess macroeconomic policy
- 4
understand the implementation and operation of monetary policy.
Workload and teaching
- Workshops49.5 hours
- Tutorials12 hours
- Lectures24 hours
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.
Where it fits
ECF2331 is part of 1 area of study in the 2021 handbook.
Contacts
- Unit Coordinators
- Dr Ying Zhou
- Chief Examiners
- Dr Kris Ivanovski
- Professor Mark Crosby
Common questions
What are the prerequisites for ECF2331?
You need ECB1102, ECC1100, ECF1200 or ECW1102 before you enrol. Enrolment rules also apply.
What can I take after ECF2331?
ECF2331 is a prerequisite or corequisite for 6 units, including ECB3143, ECC3660, ECF3143, ECM3670, ECS3143 and ECW3143.
When is ECF2331 offered?
In 2021, ECF2331 runs in Semester 1 and Semester 2 at Caulfield and City (Melbourne).
How much work is ECF2331?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF2331 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ECF2331?
ECF2331 is part of Economics and business strategy.