ECX5953 Economics
Faculty of Business and Economics
ECX5953 Economics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2025 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 3 units, leading on to 4 units in all.
- Credit points
- 6
- Offered in 2025
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 100%
- and 4 other tasks
- Workload
- 144 hours
- per semester
This is the 2025 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ECX5953
Prohibitions
You can't enrol if you have passed any of these.
- ECC5953EconomicsNo reviews yet
- ECF5954Economics
- ECF5953EconomicsNo reviews yet
After ECX5953
3 units list ECX5953 as a prerequisite or corequisite.
Enrolment rules
If you are enrolled in course B6001 you cannot undertake this unit.
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 2025
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | Flexible |
| Second semester | Caulfield | Flexible |
Assessment
- Within semester assessment50%
- Examination50%
- Presentation15%
- Quiz / Test20%
- Written15%
- 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
- Tutorials11 hours
- Seminars24 hours
- Teaching approachActive learning
- Teaching approachProblem-based learning
- Teaching approachResearch activities
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 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.
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 ECX5953?
ECX5953 has no prerequisites, but enrolment rules apply.
What can I take after ECX5953?
ECX5953 is a prerequisite or corequisite for 3 units, including ACF5130, ECX5001 and ECX5400. Those lead on to 4 units in all.
When is ECX5953 offered?
In 2025, ECX5953 runs in Semester 1 and Semester 2 at Caulfield.
How much work is ECX5953?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECX5953 have an exam?
Yes. The exam is worth 100% of the final mark, alongside 5 other tasks.