ECX2631 The Australian economy
Faculty of Business and Economics
ECX2631 The Australian economy is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2026 in Semester 1 at Caulfield. It has no prerequisites.
- Credit points
- 6
- Offered in 2026
- Semester 1
- Caulfield
- Assessment
- Exam 50%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2026 handbook entry. See the 2027 entry.
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Overview
This unit will examine the experience of the Australian economy past, present, and future to better understand the development of the country’s economy and its place in the world via examining the changing economic structures, resource booms, trade relations, geopolitical challenges, the environment and sustainability, and the labour market. It will analyse the integration of Australia into the global economy, the changing structure of the domestic economy and its industries, and the impacts on economic growth including the effects of path dependent factors on current economic policy. The unit will also consider factors that will impact Australian economy into the future.
Offerings in 2026
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
Assessment
- Quiz / Test35%
- Written15%
- Examination50%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
demonstrate a sound understanding of the historical evolution of the Australian economy in the context of domestic and international opportunities and challenges
- 2
critically review Australia’s approaches to these opportunities and challenges over the 20th and 21st centuries and their implications for economic growth
- 3
critically assess the opportunities and challenges faced by Australia in the global economy brought about by changing economic structures, trade, the environment and sustainability, and labour markets.
Workload and teaching
- Workshops36 hours
- Teaching approachActive learning
- Teaching approachResearch activities
- Teaching approachProblem-based learning
- Teaching approachEnquiry-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 allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
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.
This unit engages you in enquiry-based learning, where you will be encouraged to use your own knowledge to develop and engage in a process of enquiry, study and research to identify areas to be investigated and an approach to doing so.
Where it fits
ECX2631 is part of 1 area of study in the 2026 handbook.
Contacts
- Chief Examiners
- Dr Edwyna Harris
Common questions
What are the prerequisites for ECX2631?
ECX2631 has no prerequisites.
When is ECX2631 offered?
In 2026, ECX2631 runs in Semester 1 at Caulfield.
How much work is ECX2631?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECX2631 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 2 other tasks.
Which majors and minors include ECX2631?
ECX2631 is part of International business.