Introductory Macroeconomics (ECON10003)
Undergraduate level 1Points: 12.5On Campus (Parkville)
About this subject
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: 9 April 2025
Eligibility and requirements
Prerequisites
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON10004 | Introductory Microeconomics |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
Summer Term (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: 9 April 2025
Assessment
Semester 1
| Description | Timing | Percentage |
|---|---|---|
Mid-Semester Test
| Week 6 | 20% |
In-tutorial presentation task (groups up to 3)
| From Week 4 to Week 12 | 10% |
Written group assignment (groups of up to 3)
| Week 10 | 20% |
Tutorial preparation, participation and contribution to group discussions | Throughout the teaching period | 10% |
End-of-semester examination
| During the examination period | 40% |
Semester 2
| Description | Timing | Percentage |
|---|---|---|
Mid-semester test
| Week 6 | 20% |
In-tutorial presentation task (groups up to 3)
| From Week 4 to Week 12 | 10% |
Written group assignment (groups of up to 3)
| Week 10 | 20% |
Tutorial preparation, participation and contribution to group discussions | Throughout the teaching period | 10% |
End-of-semester examination
| During the examination period | 40% |
Summer Term
| Description | Timing | Percentage |
|---|---|---|
Multiple choice test
| Week 3 | 5% |
Multiple choice test
| Week 6 | 5% |
Individual short answer article review
| Week 5 | 20% |
Tutorial attendance and participation, weekly | Throughout the teaching period | 10% |
End-of-term examination
| During the examination period | 60% |
Last updated: 9 April 2025
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 6 January 2025 to 16 February 2025 Last self-enrol date 10 January 2025 Census date 17 January 2025 Last date to withdraw without fail 7 February 2025 Assessment period ends 24 February 2025 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-hour lectures and a 1-hour tutorial per week Total time commitment 170 hours Teaching period 3 March 2025 to 1 June 2025 Last self-enrol date 14 March 2025 Census date 31 March 2025 Last date to withdraw without fail 9 May 2025 Assessment period ends 27 June 2025 Semester 1 contact information
- Semester 2
Principal coordinators Daniel Minutillo and Jonathan Thong Mode of delivery On Campus (Parkville) Contact hours Two 1-hour lectures and a 1-hour tutorial per week Total time commitment 170 hours Teaching period 28 July 2025 to 26 October 2025 Last self-enrol date 8 August 2025 Census date 1 September 2025 Last date to withdraw without fail 26 September 2025 Assessment period ends 21 November 2025 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: 9 April 2025
Further information
- Texts
- 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.
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.
- Available to Study Abroad and/or Study Exchange Students
Last updated: 9 April 2025