ECF5421 Applied macroeconomics
Faculty of Business and Economics
ECF5421 Applied macroeconomics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 2 at Caulfield. It needs ECC5901 or ECF5923.
- Credit points
- 6
- Offered in 2022
- Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
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Requisites
Before ECF5421
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ECF5421
No unit lists ECF5421 as a prerequisite in the 2022 handbook.
Overview
The purpose of this unit is to provide a formal exposition of modern macroeconomics. This unit presents and analyses important macroeconomic issues through formal models which allow deeper insights into key topics in macroeconomics. The topics to be covered may include economic growth, business cycles, consumption, investment, unemployment, fiscal policy and government budget deficits. The unit will also have an emphasis on applications.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | Evening |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
analyse macroeconomic issues using formal language
- 2
understand different theories that can be used to analyse real world macroeconomic problems and government policies
- 3
develop critical thinking skills
- 4
prepare for advanced study in macroeconomics.
Workload and teaching
- Tutorials12 hours
- Lectures24 hours
- Teaching approachResearch activities
- 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. 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 allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
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
Macroeconomics: Institutions, Instability, and the Financial System., Carlin and Soskice, OUP
Contacts
- Chief Examiners
- Mr Isaac Gross
- Unit Coordinators
- Dr Qingyuan Du
Common questions
When is ECF5421 offered?
In 2022, ECF5421 runs in Semester 2 at Caulfield.
How much work is ECF5421?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF5421 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.