Introductory Macroeconomics (ECON10003)
Undergraduate level 1Points: 12.5On Campus (Parkville)
About this subject
Contact information
Summer Term
Sum: n.khan@unimelb.edu.au
Sem 1: jonathan.thong@unimelb.edu.au
Sem 2: luren@unimelb.edu.au, n.khan@unimelb.edu.au
Semester 1
Sum: n.khan@unimelb.edu.au
Sem 1: jonathan.thong@unimelb.edu.au
Sem 2: luren@unimelb.edu.au, n.khan@unimelb.edu.au
Semester 2
Overview
| Availability | Summer Term Semester 1 Semester 2 |
|---|---|
| Fees | Look up fees |
An introduction to macroeconomic theory and policy. Topics will include economic aggregates such as production and employment, the general level of prices and inflation, the exchange rate, interest rates, monetary and fiscal policies, the balance of payments and economic growth. Analysis is particularly directed to current macroeconomic problems and policy issues.
Intended learning outcomes
- Explain the importance of the circular flow of income to macroeconomics.
- Interpret the meaning and measurement of macroeconomic aggregates such as Gross Domestic Product.
- Explain and use the Keynesian model of national income determination.
- Describe the roles of money and the financial system in the macroeconomy.
- Critically analyse macroeconomic policies appropriate to the achievement of the macroeconomic objectives.
- Explain and apply the aggregate demand/aggregate supply model.
- Explain the key features of the neoclassical model of growth.
- Analyse the factors influencing the balance of payments and the exchange rate.
Generic skills
- High level of development: written communication; collaborative learning; critical thinking; synthesis of data and other information; application of theory to practice.
- Moderate level of development: oral communication; problem solving; team work; interpretation and analysis; evaluation of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas.
- Some level of development: statistical reasoning.
Last updated: 14 March 2025
Eligibility and requirements
Prerequisites
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON10004 | Introductory Microeconomics |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
And, for students who did not achieve a study score of at least 25 in Mathematical Methods or Specialist Mathematics in VCE Units 3 & 4 or equivalent, successful completion of:
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| MAST10012 | Introduction to Mathematics |
Summer Term (Online)
Semester 1 (On Campus - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 14 March 2025
Assessment
Additional details
Summer
- Two 30-minute multiple choice tests, weeks 3 and 6 (2 x 5% each, total 10%)
- One group short answer article review assignment with groups of up to three students with a total word limit of 1000 words or less for the group submission, due week 5 (20%)
- A 2-hour end-of-semester examination, end of semester examination period (60%)
- Tutorial attendance and participation, weekly (10%)
- To pass this subject students must pass the end of semester examination.
Semesters 1 & 2
- Two 30-minute multiple choice tests, end of weeks 4 and 7 (10%)
- Assignment 1: Group short answer article review assignment with groups of up to three students with a total word limit of 1000 words or less for the group submission (10%)
- Assignment 2: Group short answer written response assignment with groups of up to three students with a total word limit of 1000 words or less for the group submission (10%)
- A 2-hour end-of-semester examination, end of semester examination period (60%)
- Tutorial attendance and participation, weekly (10%)
- To pass this subject students must pass the end of semester examination.
Last updated: 14 March 2025
Dates & times
- Summer Term
Principal coordinator Nahid Khan Mode of delivery On Campus (Parkville) Contact hours Summer Semester - Six hours of lectures, tutorials and workshops per week Semester 1 & Semester 2 - Three hours of lectures, tutorials and workshops per week Total time commitment 170 hours Teaching period 2 January 2017 to 12 February 2017 Last self-enrol date 10 January 2017 Census date 13 January 2017 Last date to withdraw without fail 10 February 2017 Assessment period ends 26 February 2017 Summer Term contact information
Sum: n.khan@unimelb.edu.au
Sem 1: jonathan.thong@unimelb.edu.au
Sem 2: luren@unimelb.edu.au, n.khan@unimelb.edu.au - Semester 1
Principal coordinator Jonathan Thong Mode of delivery On Campus (Parkville) Contact hours Summer Semester - Six hours of lectures, tutorials and workshops per week Semester 1 & Semester 2 - Three hours of lectures, tutorials and workshops per week Total time commitment 170 hours Teaching period 27 February 2017 to 28 May 2017 Last self-enrol date 10 March 2017 Census date 31 March 2017 Last date to withdraw without fail 5 May 2017 Assessment period ends 23 June 2017 Semester 1 contact information
Sum: n.khan@unimelb.edu.au
Sem 1: jonathan.thong@unimelb.edu.au
Sem 2: luren@unimelb.edu.au, n.khan@unimelb.edu.au - Semester 2
Principal coordinator Nahid Khan Mode of delivery On Campus (Parkville) Contact hours Summer Semester - Six hours of lectures, tutorials and workshops per week Semester 1 & Semester 2 - Three hours of lectures, tutorials and workshops per week Total time commitment 170 hours Teaching period 24 July 2017 to 22 October 2017 Last self-enrol date 4 August 2017 Census date 31 August 2017 Last date to withdraw without fail 22 September 2017 Assessment period ends 17 November 2017 Semester 2 contact information
Sum: n.khan@unimelb.edu.au
Sem 1: jonathan.thong@unimelb.edu.au
Sem 2: luren@unimelb.edu.au, n.khan@unimelb.edu.au
Time commitment details
170 hours
Last updated: 14 March 2025
Further information
- Texts
- Related Handbook entries
This subject contributes to the following:
Type Name Course Bachelor of Environments Major Economics Major Property Breadth Track Contemporary Public Economic Policy Breadth Track Global Economic Issues - Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Music
- Bachelor of Science
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 14 March 2025