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Introductory Macroeconomics (ECON10003)
Undergraduate level 1Points: 12.5On Campus (Parkville)
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Summer Term
Semester 1
Semester 2
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
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: 11 April 2024
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: MAST10012. OR both MAST10014 Foundation Mathematics 1 and MAST10015 Foundation Mathematics 2.
Code | Name | Teaching period | Credit Points |
---|---|---|---|
MAST10012 | Introduction to Mathematics |
Semester 1 (On Campus - Parkville)
Summer Term (Online)
|
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: 11 April 2024
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Semester 1
Description | Timing | Percentage |
---|---|---|
Multiple choice test, end of week 4
| Week 4 | 5% |
Multiple choice test, end of week 11
| Week 11 | 5% |
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% | |
Tutorial attendance and participation, weekly | Throughout the teaching period | 10% |
An examination
| During the examination period | 60% |
Semester 2
Description | Timing | Percentage |
---|---|---|
Multiple choice test, end of week 4
| Week 4 | 5% |
Multiple choice test, end of week 11
| Week 11 | 5% |
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% | |
Tutorial attendance and participation, weekly | Throughout the teaching period | 10% |
An examination
| During the examination period | 60% |
Summer Term
Description | Timing | Percentage |
---|---|---|
Multiple choice test
| Week 3 | 5% |
Multiple choice test
| Week 6 | 5% |
One group short answer article review assignment with groups of up to three students with a total word limit of 2000 words or less for the group submission
| Week 5 | 20% |
Tutorial attendance and participation, weekly | Throughout the teaching period | 10% |
An examination
| During the examination period | 60% |
Last updated: 11 April 2024
Dates & times
- Summer Term
Principal coordinator Graham Richards Mode of delivery On Campus (Parkville) Contact hours Six hours of lectures, tutorials and workshops per week Total time commitment 170 hours Teaching period 6 January 2020 to 16 February 2020 Last self-enrol date 14 January 2020 Census date 17 January 2020 Last date to withdraw without fail 14 February 2020 Assessment period ends 1 March 2020 Summer Term contact information
- Semester 1
Principal coordinator Chris Edmond Mode of delivery On Campus (Parkville) Contact hours Two 1-hr Lectures and one 1-hr Tutorial per week Total time commitment 170 hours Teaching period 2 March 2020 to 7 June 2020 Last self-enrol date 13 March 2020 Census date 30 April 2020 Last date to withdraw without fail 5 June 2020 Assessment period ends 3 July 2020 Semester 1 contact information
- Semester 2
Principal coordinator Lawrence Uren Mode of delivery On Campus (Parkville) Contact hours Two 1-hr Lectures and one 1-hr Tutorial per week Total time commitment 170 hours Teaching period 3 August 2020 to 1 November 2020 Last self-enrol date 14 August 2020 Census date 21 September 2020 Last date to withdraw without fail 16 October 2020 Assessment period ends 27 November 2020 Semester 2 contact information
Time commitment details
170 hours
Last updated: 11 April 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- 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 Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- 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.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 11 April 2024