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Unit of study_
ECON1002: Introductory Macroeconomics
2025 unit information
Introductory Macroeconomics addresses the analysis of the level of employment and economic activity in the economy as a whole. The unit examines the main factors that determine the overall levels of production and employment in the economy, including the influence of government policy and international trade. This analysis enables an exploration of money, interest rates and financial markets, and a deeper examination of inflation, unemployment and economic policy. Prior knowledge of algebraic equations and differential calculus is assumed.
Unit details and rules
Managing faculty or University school:
Arts and Social Sciences
| Study level | Undergraduate |
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| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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None |
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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Minimum result of Band 4 in HSC Mathematics Advanced (or equivalent); or Band E3 in HSC Mathematics Extension 1 or 2 (or equivalent). Students who do not possess the assumed knowledge are strongly advised to enrol in ECON1003 prior to or concurrently with this unit. |
At the completion of this unit, you should be able to:
- LO1. interpret the meaning and measurement of macroeconomic aggregates such as GDP, unemployment and inflation
- LO2. understand how the economy behaves in the short-run using the Keynesian model
- LO3. analyse critically short-run macroeconomic policies
- LO4. describe the role of money and the financial system in the macroeconomy
- LO5. explain what determines unemployment and inflation
- LO6. understand and explain macroeconomic policies that improve standards of living
- LO7. analyse the factors influencing the balance of payments and the exchange rate
- LO8. understand a day-by-day macroeconomic issue and critically evaluate current macroeconomic policies.
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
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Semester 1 2025
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Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
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Intensive February 2025
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Block mode | Camperdown/Darlington, Sydney |
Outline unavailable
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Semester 2 2025
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Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
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Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
Important enrolment information
Additional advice
It is strongly recommended that students complete ECON1001 before attempting this unit.
