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Unit of study_

ECON5002: Macroeconomic Theory

2024 unit information

This unit presumes no prior exposure to economics and aims, by the end of the unit, to bring a proficiency equivalent to that of students with an intermediate level macroeconomics unit in an Honours degree program. Many economic principles developed in this unit are routinely used in several other units in the program. Macroeconomics studies aggregate economic behaviour. The unit covers theories of the engines of long-run economic growth, of unemployment, of money, inflation, the interest rate and the exchange rate, as well as consumption, saving and investment behaviour. The unit also studies a number of applications of the theory and addresses contemporary macroeconomic problems and policy.

Unit details and rules

Managing faculty or University school:

Economics

Code ECON5002
Academic unit Economics
Credit points 6
Prerequisites:
? 
None
Corequisites:
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None
Prohibitions:
? 
ECON5003
Assumed knowledge:
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None

At the completion of this unit, you should be able to:

  • LO1. Understand the theoretical models that form the body of contemporary macroeconomics
  • LO2. Understand and apply macroeconomic models to various economic problems and to policymaking
  • LO3. Demonstrate openness to new ways of thinking and appreciate the importance of intellectual curiosity and reflection as the foundation for continuous learning
  • LO4. Identify, define and analyse problems and recommend creative solutions within real-world constraints
  • LO5. Demonstrate a capacity to work independently including the ability to plan and achieve goals
  • LO6. Critically evaluate underlying theories, concepts, assumptions, limitations and arguments in disciplinary and cross-disciplinary fields of study

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 ? 
Semester 1 2024
Normal day Camperdown/Darlington, Sydney
Intensive February 2024
Block mode Camperdown/Darlington, Sydney
Semester 2 2024
Normal day Camperdown/Darlington, Sydney
Outline unavailable
Session MoA ?  Location Outline ? 
Semester 1 2020
Normal day Camperdown/Darlington, Sydney
Intensive January 2020
Block mode Camperdown/Darlington, Sydney
Outline unavailable
Semester 2 2020
Normal day Camperdown/Darlington, Sydney
Outline unavailable
Semester 1 2021
Normal day Camperdown/Darlington, Sydney
Semester 1 2021
Normal day Remote
Intensive February 2021
Block mode Remote
Semester 2 2021
Normal day Camperdown/Darlington, Sydney
Semester 2 2021
Normal day Remote
Semester 1 2022
Normal day Camperdown/Darlington, Sydney
Semester 1 2022
Normal day Remote
Intensive February 2022
Block mode Camperdown/Darlington, Sydney
Intensive February 2022
Block mode Remote
Semester 2 2022
Normal day Camperdown/Darlington, Sydney
Semester 2 2022
Normal day Remote
Semester 1 2023
Normal day Camperdown/Darlington, Sydney
Semester 1 2023
Normal day Remote
Intensive February 2023
Block mode Camperdown/Darlington, Sydney
Intensive February 2023
Block mode Remote
Semester 2 2023
Normal day Camperdown/Darlington, Sydney

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.