ECF5953 Economics
Faculty of Business and Economics
ECF5953 Economics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 1 unit.
- Credit points
- 6
- Offered in 2020
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2021 entry.
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Requisites
Before ECF5953
Prohibitions
You can't enrol if you have passed any of these.
After ECF5953
1 unit list ECF5953 as a prerequisite or corequisite.
Enrolment rules
If you are enrolled in course B6001 you are prohibited from undertaking this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Microeconomics: scarcity; economic choice; economic systems; economic ideology; demand and supply analysis; consumer behaviour and elasticity; costs of production and profit maximisation; perfect competition and monopoly. Macroeconomics: aggregate demand and aggregate supply; Keynesian versus Neoclassical approaches; the money market and monetary policy; the government budget deficit and fiscal policy; the foreign exchange market and exchange rate policy; unemployment and inflation; the current and capital accounts.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | Evening |
| Second semester | Caulfield | Evening |
| November teaching period | Caulfield | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
have a basic understanding of the methodology and principles of economics
- 2
have a basic understanding of microeconomics and macroeconomics
- 3
present arguments and make decisions in the economic environment.
Workload and teaching
- Tutorials12 hours
- Lectures24 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.
Learning resources
Required resources
Aplia (on-line Quizzing) is required to complete this unit
Contacts
- Chief Examiners
- Associate Professor He-Ling Shi
Common questions
What are the prerequisites for ECF5953?
ECF5953 has no prerequisites, but enrolment rules apply.
What can I take after ECF5953?
ECF5953 is a prerequisite or corequisite for 1 unit, including ACF5130.
When is ECF5953 offered?
In 2020, ECF5953 runs in Semester 1 and Semester 2 at Caulfield.
How much work is ECF5953?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF5953 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
More details
- Credit points
- 6
- Level
- 5
- Study level
- Postgraduate
- Faculty
- Faculty of Business and Economics
- Organisational unit
- Department of Economics
- Type
- Coursework
- EFTSL
- 0.125
- Student contribution
- SCA Band 3
- Study abroad
- Not available
- Handbook years
- 20202021