ECF5923 Macroeconomic policy
Faculty of Business and Economics
ECF5923 Macroeconomic policy is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 1 unit.
- Credit points
- 6
- Offered in 2021
- Semester 1, Semester 2
- Caulfield
- 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 ECF5923
Prohibitions
You can't enrol if you have passed any of these.
After ECF5923
1 unit list ECF5923 as a prerequisite or corequisite.
Enrolment rules
You must be enrolled in course B6001 or B6014 to undertake this unit.
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; major factors determining movements in interest rates and exchange rates in both the intermediate and long terms.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | Evening |
| Second semester | Caulfield | Evening |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the theoretical and practical 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 and critically assess its impact on the national economy
- 5
be familiar with economic factors which are of a major interest to stakeholders in the banking and finance industries.
Workload and teaching
- 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.
Contacts
- Chief Examiners
- Dr Kris Ivanovski
Common questions
What are the prerequisites for ECF5923?
ECF5923 has no prerequisites, but enrolment rules apply.
What can I take after ECF5923?
ECF5923 is a prerequisite or corequisite for 1 unit, including ECF5421.
When is ECF5923 offered?
In 2021, ECF5923 runs in Semester 1 and Semester 2 at Caulfield.
How much work is ECF5923?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF5923 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.