ECB1102: Introductory macroeconomics

Overview

The unit introduces you to the study of economics from a macroeconomic perspective. Fundamental principles of macroeconomics will be applied to the analysis of Gross Domestic Product, National Income and Aggregate Expenditure, savings and investment, unemployment, money and the Australian monetary system, and aggregate demand and supply in the short and long run. The role of monetary and fiscal policy will be discussed, including related debates on regulatory and political environments and how they impact on business and the macroeconomy.

Assessment

1 - Within semester assessment - 40% 2 - Examination - 60%

Workload

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.

Global challenges

Our Strategic Plan, Impact 2030, charts the path for how Monash will actively respond to climate change, preserving geopolitical security and fostering thriving communities over the next decade. Read more

This unit covers content related to the following Global Challenges:

Thriving Communities