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 2024 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 1 unit.
- Credit points
- 6
- Offered in 2024
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2024 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 B5007, B6001, B6005, B6014 or B6030 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 2024
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On ev |
| Second semester | Caulfield | On ev |
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
- Workshops24 hours
- 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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
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.
Where it fits
ECF5923 is part of 1 area of study in the 2024 handbook.
Contacts
- Chief Examiners
- Dr Ratbek Dzhumashev
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 2024, 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.
Which majors and minors include ECF5923?
ECF5923 is part of Business economics.