ECX2300 Crashes, crises and macroeconomic policy
Faculty of Business and Economics
ECX2300 Crashes, crises and macroeconomic policy is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 2 at Clayton. It needs (ECC1100, ECF1200, ECW1102 or ECB1102) and (ECC1000, ECF1100, ECW1101 or ECB1101).
- Credit points
- 6
- Offered in 2023
- Semester 2
- Clayton
- 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 ECX2300
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ECX2300
No unit lists ECX2300 as a prerequisite in the 2023 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher 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 will examine recent developments in the economy, including the Global Financial Crisis and the COVID-19 recession, and apply macroeconomic theory to explain how they unfolded and how they relate to other trends in the macroeconomy. Topics covered include liquidity traps, secular stagnation, inequality, monetary policy and the rise of automation. Across all topics the unit will cover both the relevant macroeconomic theory and the underlying data including how it is created, analysed and used in the policy making process.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand how economic theory and data are combined to analyse and frame macroeconomic policies
- 2
understand how macroeconomic data is created, and used to design macroeconomic policy
- 3
evaluate the contributions and limitations of economic analysis for helping to understand and to evaluate macroeconomic policy options
- 4
analyse the causes of recent economic crises, apply macroeconomic theory to understand how they unfolded and describe what policies were used to solve them.
Workload and teaching
- Seminars24 hours
- Tutorials12 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
ECX2300 is part of 2 areas of study in the 2023 handbook.
Contacts
- Chief Examiners
- Dr Isaac Gross
Common questions
What are the prerequisites for ECX2300?
You need (ECC1100, ECF1200, ECW1102 or ECB1102) and (ECC1000, ECF1100, ECW1101 or ECB1101) before you enrol. Enrolment rules also apply.
When is ECX2300 offered?
In 2023, ECX2300 runs in Semester 2 at Clayton.
How much work is ECX2300?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECX2300 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ECX2300?
ECX2300 is part of Economics; and Economics and business strategy.