ECC1100 / ECF5927 Principles of Macroeconomics


Difficulty:

Year Completed: Semester 1, 2020

Prerequisite: N/A

 

Exemption:

CB2 Business Economics

ECC1000 (55%), ECC1100 (45%)

Weighted average of 70% required. Minimum of 60% required for

each unit.

 


Mean Setu Score: 84%

 

Clarity of Learning Outcomes: 84.2%

Clarity of Assessments: 84.6%

Feedback: 81.6%

Resources: 83%

Engagement: 86.6%

Satisfaction: 83.2%


Subject Content:

Lecture(s) and Tutorial(s):

Textbook(s):

Assessments:

 

The topics covered included GDP, inflation, labour market, fiscal

and monetary policy, aggregate supply / aggregate demand

model, macroeconomic policy, economic growth and exchange

rates.

1 x 2 hour lecture

No Tutorial

Principles of Macroeconomics - very useful textbook, the lecture

content mirrored the textbook and weekly questions came from

it. The Economy - not essential, however, a good source to expand

knowledge.

Country analysis task that ran throughout the semester

3 Moodle quizzes throughout the semester

Final Exam 60%


Comments

The unit was a great introduction to macroeconomics and allowed

students to gain enough knowledge to understand have

informative discussion of real-world economic events. The unit is

mostly theory based with some basic economic models that are

also analysed.

The lectures went for two hours and covered a lot of content. The

lecturer would always give a brief review of the previous week at

the start of the lecture to inform students of how the unit was

progressing. The content was delivered in a way that meant each

week built on the previous week so staying up to date was key.

There were no tutorials due to COVID so utilising consultation

times was required. This unit may be running tutorials again now.

The country analysis task was very interesting and allowed

students to apply content learnt in the lectures to real-life

examples. The moodle quizzes ran through the semester gave

student an opportunity to see how well they had understood the

concepts of the previous few weeks. Revision for these tests were

required and the homework questions provided good

preparation. The final exam was a good representation of the

content taught and with clear and concise answers a good mark is

within reach.

This units equips you with the necessary basic level of knowledge

to understand the macroeconomic settings of the world. It is a

unit that relates well with current events and can be a wam-

booster if enough time is dedicated to understanding how to

apply the concepts taught.

General Overview:

Lectures:

Tutorials:

Assessments/Other Assessments

Concluding Remarks