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UnitLevel 1Undergraduate

ECX1200 Macroeconomics

Faculty of Business and Economics

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ECX1200 Macroeconomics is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics. It isn't offered in 2023. It has no prerequisites and unlocks 10 units, leading on to 16 units in all.

Credit points
6
Offered in 2023
Other periods
Caulfield
Assessment
Exam 60%
and 1 other task
Workload
144 hours
per semester

This is the 2023 handbook entry. See the 2027 entry.

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Requisites

Before ECX1200

Prohibitions

You can't enrol if you have passed any of these.

One of

After ECX1200

10 units list ECX1200 as a prerequisite or corequisite.

Show 2 more

Enrolment rules

To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 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.

Equivalent units

The same content under another code. Only one of them counts.

Overview

This unit uses aggregate demand and supply analysis as a tool for identifying and explaining the business cycle, output growth employment, inflation and the current account deficit. The investigation will illustrate the impact of the macroeconomy on decisions by firms and other economic agents in the economy and the effect of fiscal and monetary policies on business outcomes. Key strategic variables affecting decision making in the macro business environment are interest rates, inflation and the Australian dollar.

Offerings in 2023

Teaching periodCampusMode
November teaching periodCaulfieldBlock on

Assessment

  • Within semester assessment
    40%
  • Examination
    60%

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    understand and evaluate the importance of factors that determine aggregate output, unemployment, interest rates, inflation and the exchange rate

  2. 2

    appreciate the influence of macroeconomic conditions on decision making in government, business and international trade

  3. 3

    analyse and critically evaluate policies designed to affect individual behaviour and aggregate outcomes.

Workload and teaching

  • Tutorials12 hours
  • Seminars24 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.

This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.

Where it fits

ECX1200 is part of 5 areas of study in the 2023 handbook.

Contacts

Chief Examiners
Nikhil Damodaran

Common questions

What are the prerequisites for ECX1200?

ECX1200 has no prerequisites, but enrolment rules apply.

What can I take after ECX1200?

ECX1200 is a prerequisite or corequisite for 10 units, including ECB2330, ECB3121, ECC2010, ECC2511, ECC3144 and ECC3600. Those lead on to 16 units in all.

When is ECX1200 offered?

ECX1200 has no offerings listed in the 2023 handbook.

How much work is ECX1200?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does ECX1200 have an exam?

Yes. The exam is worth 60% of the final mark, alongside 1 other task.

Which majors and minors include ECX1200?

ECX1200 is part of Accountancy; Accounting; Economics and business decisions; Economics and business strategy; and Finance and economics.

More details

Credit points
6
Level
1
Study level
Undergraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Economics
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 4
Study abroad
Not available
Handbook years
202220232024202520262027