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Unit of study_
ECOS2002: Intermediate Macroeconomics
2025 unit information
This unit of study develops models of the goods, money and labour markets, and examines issues in macroeconomic policy. Macroeconomic relationships, covering consumption, investment, money and employment, are explored in detail. Macro-dynamic relationships, especially those linking inflation and unemployment, are also considered. Exchange rates and open economy macroeconomics are also addressed. In the last part of the unit, topics include the determinants and theories of economic growth, productivity and technology, the dynamics of the business cycle, counter-cyclical policy and the relationship between micro and macro policy in the context of recent Australian experience.
Unit details and rules
Managing faculty or University school:
Arts and Social Sciences
| Study level | Undergraduate |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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ECON1002 or ECON1040 |
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Corequisites:
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None |
| Prohibitions:
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ECON2002 or ECON2902 or ECOS2902 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. understand theoretical models that form the body of contemporary macroeconomics
- LO2. understand and apply macroeconomic models to various economic problems and policy issues
- LO3. understand the associated empirical implications of policy issues
- LO4. apply new ways of thinking and appreciate the importance of intellectual curiosity and reflection as foundation for continuous learning
- LO5. identify, define and analyse problems and recommend creative solutions within real-world constraints
- LO6. demonstrate a capacity to work independently including the ability to plan and achieve goals
- LO7. critically evaluate underlying theories, concepts, assumptions, limitations and arguments in disciplinary and cross-disciplinary fields of study
Unit availability
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