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Introductory Macroeconomics (ECON10003)
Undergraduate level 1Points: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable (login required)(opens in new window)
Contact information
Summer Term
Nahid Khan: n.khan@unimelb.edu.au
Semester 1
Semester 2
Jonathan Thong: jonathan.thong@unimelb.edu.au
Daniel Minutillo: daniel.minutillo@unimelb.edu.au
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
On successful completion of this subject, students should be able to:
- 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; and
- Analyse the factors influencing the balance of payments and the exchange rate.
Generic skills
On successful completion of this subject, students should have improved the following 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: 22 March 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
One of the following prerequisite options
Option 1
Admission into one of the following:
- B-COM Bachelor of Commerce
- B-SCI Bachelor of Science
Option 2
Code | Name | Teaching period | Credit Points |
---|---|---|---|
MAST10012 | Introduction to Mathematics | Semester 1 (On Campus - Parkville) |
12.5 |
Option 3
A study score of at least 25 in VCE Mathematical Methods (Units 3 and 4) or Specialist Mathematics (Units 3 and 4), or equivalent
Option 4
All of
Code | Name | Teaching period | Credit Points |
---|---|---|---|
MAST10014 | Foundation Mathematics 1 | Semester 1 (On Campus - Parkville) |
12.5 |
MAST10015 | Foundation Mathematics 2 | Semester 2 (On Campus - Parkville) |
12.5 |
Corequisites
Non-allowed subjects
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: 22 March 2024
Assessment
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% |
End-of-semester 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
| Week 6 | 12.5% |
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
| Week 10 | 12.5% |
Tutorial preparation, participation and contribution to group discussions | Throughout the teaching period | 5% |
End-of-semester examination
| During the examination period | 60% |
Summer Term
Description | Timing | Percentage |
---|---|---|
Multiple choice test
| Week 3 | 5% |
Multiple choice test
| Week 6 | 5% |
One individual short answer article review assignment with a total word limit of 2000 words or less.
| Week 5 | 20% |
Tutorial attendance and participation, weekly | Throughout the teaching period | 10% |
An examination
| During the examination period | 60% |
Last updated: 22 March 2024
Dates & times
- Summer Term
Principal coordinator Nahid Khan Mode of delivery On Campus (Parkville) Contact hours Six hours of lectures, tutorials and workshops per week Total time commitment 170 hours Teaching period 2 January 2024 to 11 February 2024 Last self-enrol date 9 January 2024 Census date 19 January 2024 Last date to withdraw without fail 2 February 2024 Assessment period ends 25 February 2024 Summer Term contact information
Nahid Khan: n.khan@unimelb.edu.au
- Semester 1
Principal coordinators Daniel Minutillo and Jonathan Thong 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 26 February 2024 to 26 May 2024 Last self-enrol date 8 March 2024 Census date 3 April 2024 Last date to withdraw without fail 3 May 2024 Assessment period ends 21 June 2024 Semester 1 contact information
- Semester 2
Principal coordinators Jonathan Thong and Daniel Minutillo 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 22 July 2024 to 20 October 2024 Last self-enrol date 2 August 2024 Census date 2 September 2024 Last date to withdraw without fail 20 September 2024 Assessment period ends 15 November 2024 Semester 2 contact information
Jonathan Thong: jonathan.thong@unimelb.edu.au
Daniel Minutillo: daniel.minutillo@unimelb.edu.au
Time commitment details
170 hours
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Last updated: 22 March 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 Property Major Economics Breadth Track Global Economic Issues Breadth Track Contemporary Public Economic Policy - 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 (Production)
- 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: 22 March 2024