Unit Outline

Macroeconomics aims to provide students with an understanding of the framework for macroeconomic analysis, including the circular-flow model and aggregate demand aggregate supply model and government macroeconomic goals including price stability, economic growth and full employment. Students will describe how economists measure macroeconomic activity including national income, output, employment, inflation, balance of payments, terms of trade and the exchange rate and be able to analyse the business cycle, the external and internal influences on the level of macroeconomic activity, and the use of fiscal and monetary policies to stabilise the business cycle.

Intended Learning Outcomes

As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.

On completion of this unit, you will be able to:


1.	Understand the framework for the macroeconomic analysis, including the circular-flow model and aggregate demand aggregate supply model
2.	Identify the government’s macroeconomic goals; including price stability, economic growth, full employment
3.	Describe how economists measure macroeconomic activity (macroeconomic indicators), including national income, output, employment, inflation, balance of payments, terms of trade and the exchange rate
4.	Analyse the business cycle, the external and internal influences on the level of macroeconomic activity, and the use of fiscal and monetary policies to stabilise the business cycle
5.	Evaluate the challenges that globalisation presents to the macroeconomy

Alterations as a result of student feedback

How will I be Assessed?

For more detailed assessment information please see MyLO.

Assessment schedule


ASSESSMENT TASK #	ASSESSMENT TASK NAME	DATE DUE	WEIGHT	LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:	Participation	See the MyLO site for the due date	5 %
Assessment Task 2:	Class Test	See the MyLO site for the due date	10 %	LO1, LO2, LO3, LO4, LO5
Assessment Task 3:	Class Test	See the MyLO site for the due date	15 %	LO1, LO2, LO3, LO4, LO5
Assessment Task 4:	Group Presentation	See the MyLO site for the due date	20 %	LO1, LO2, LO3, LO4, LO5
Assessment Task 5:	Examination	See the MyLO site for the due date	50 %	LO1, LO2, LO3, LO4, LO5

Assessment details

Assessment Task 1: Participation

Task Description:

n/a

Task Length:

Due Date:

See the MyLO site for the due date

Weight:

5 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)

Assessment Task 2: Class Test

Task Description:

Class Test

Task Length:

Due Date:

See the MyLO site for the due date

Weight:

10 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	UP do not have assessment criteria as yet.	LO1, LO2, LO3, LO4, LO5

Assessment Task 3: Class Test

Task Description:

Class Test

Task Length:

Due Date:

See the MyLO site for the due date

Weight:

15 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	UP do not have assessment criteria as yet.	LO1, LO2, LO3, LO4, LO5

Assessment Task 4: Group Presentation

Task Description:

Group Presentation

Task Length:

Due Date:

See the MyLO site for the due date

Weight:

20 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	UP do not have assessment criteria as yet.	LO1, LO2, LO3, LO4, LO5

Assessment Task 5: Examination

Task Description:

Exam

Task Length:

Due Date:

See the MyLO site for the due date

Weight:

50 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)

How your final result is determined

To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.

Submission of assignments

Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.

Requests for extensions

If you are unable to submit an assessment task by the due date, you should apply for an extension.

A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.

The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.

Late penalties

Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.

Review of results and appeals

You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.