ECB1102 · Introductory macroeconomics

Overview

This unit introduces you to the fundamental principles of macroeconomics and their application to real-world economic issues. Topics include the measurement and analysis of national income, employment, inflation, interest rate and the money supply. You will explore the use of aggregate demand and aggregate supply (AD-AS) models to examine short- and long-run economic fluctuations. The role of fiscal and monetary policy is discussed, alongside broader debates around regulation, political influences, and economic stability.

Offerings

Assessment

The Handbook lists an examination for this unit.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. describe key macroeconomic indicators such as gross domestic product, unemployment rate, and consumer price index, and explain their significance in evaluating economic performance
2. apply basic macroeconomic models, including the AD–AS model, to analyse the relationships between key economic indicators and interpret short- and long-run economic fluctuations
3. evaluate the use of fiscal and monetary policy in stabilising the economy and promoting sustainable growth
4. communicate economic concepts and policy implications using clear diagrams and theoretical tools relevant to business and public decision-making.

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.

Student experience, not official rules. Nothing here changes what the Handbook says.