ECX5595 Foundations for advanced economics
Faculty of Business and Economics
ECX5595 Foundations for advanced economics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites.
- Credit points
- 6
- Offered in 2027
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 30%
- and 2 other tasks
- Workload
- 144 hours
- per semester
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Requisites
Before ECX5595
No prerequisites or corequisites besides the enrolment rules below.
After ECX5595
No unit lists ECX5595 as a prerequisite in the 2027 handbook.
Enrolment rules
You must be enrolled in course B6023 to undertake this unit.
Overview
This unit equips you with the mathematical and analytical tools needed for advanced study in economics. You will learn how to use optimisation, linear algebra, and dynamic methods to understand economic models in both microeconomics and macroeconomics, and how these tools underpin empirical research—particularly in microeconomics. The unit builds a foundation for postgraduate coursework and research in theory, econometrics, and applied economics.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Second semester | Caulfield | On campus |
Assessment
- Written40%
- Quiz / Test30%
- Examination30%
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:
- 1apply mathematical techniques, including optimisation and linear algebra, to analyse microeconomic and macroeconomic models;
- 2
formulate and solve economic problems that link theoretical models to empirical specifications;
- 3
interpret empirical analyses in microeconomics and macroeconomics using formal modelling frameworks;
- 4
use analytical tools to evaluate and support empirical strategies in economics.
Workload and teaching
- Workshops36 hours
- Assessments3 hours
- Teaching approachEnquiry-based learning
- Teaching approachProblem-based learning
- Teaching approachResearch activities
- 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. 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 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.
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 allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Where it fits
ECX5595 is part of 1 area of study in the 2027 handbook.
Contacts
- Chief Examiners
- Dr Chengsi Wang
- Dr Claudio Labanca
Common questions
What are the prerequisites for ECX5595?
ECX5595 has no prerequisites, but enrolment rules apply.
When is ECX5595 offered?
In 2027, ECX5595 runs in Semester 1 and Semester 2 at Caulfield.
How much work is ECX5595?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECX5595 have an exam?
Yes. The exam is worth 30% of the final mark, alongside 2 other tasks.
Which majors and minors include ECX5595?
ECX5595 is part of Economics.
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 4
- Study abroad
- Not available
- Handbook years
- 2027