Units / ECF5421
ECF5421 · Applied macroeconomics
2026 Handbook6 credit pointsLevel 5Department of Economics
Last checked: 23 Aug 2026 UTCOverview
The purpose of this unit is to provide a formal exposition of modern macroeconomics. This unit presents and analyses important macroeconomic issues through formal models which allow deeper insights into key topics in macroeconomics. The topics to be covered may include economic growth, business cycles, consumption, investment, unemployment, fiscal policy and government budget deficits. The unit will also have an emphasis on applications.
Offerings
| Campus | Teaching period | Mode |
|---|---|---|
| Caulfield | Second semester | Teaching activities are on-campus and held in the evening (ON-EV) |
Assessment
The Handbook lists an examination for this unit.
| # | Assessment | Type | Weight | Hurdle |
|---|---|---|---|---|
| 1 | 1 - Project | Project | 20% | — |
| 2 | 2 - Presentation | Presentation | 20% | — |
| 3 | 3 - Quiz / Test | Quiz / Test | 10% | — |
| 4 | 4 - Examination | Examination | 50% | — |
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Requisites
prohibitions
- ECX5300 — Crashes, crises and macroeconomic policy
Learning outcomes
- analyse macroeconomic issues using formal language
- understand different theories that can be used to analyse real world macroeconomic problems and government policies
- develop critical thinking skills
- prepare for advanced study in macroeconomics.
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.
| Activity | Duration |
|---|---|
| Workshops | 36 hours |
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