Macroeconomic Policy

ECO20004 12.5 Credit Points Hawthorn, Online, Sarawak


  • One Semester or equivalent

Contact hours

  • 36 hours

On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.


Completion of a unit that is very similar in content or the content overlaps with another unit.

Aims and objectives

The objectives of Macroeconomic Policy are for students to (i) understand how to evaluate macroeconomic conditions such as growth, unemployment and inflation; (ii) understand how fiscal and monetary policies can be used to influence short-run macroeconomic conditions; and (iii) understand media accounts of macroeconomic issues. ECO20004 is a useful unit for students who want to major in economics, accounting, finance, law and other business disciplines as it provides a coherent framework for considering many topical issues concerning the operation of macroeconomy in a contemporary international setting.
Students who successfully complete this Unit should be able to:
1. Analyse current macroeconomic policy issues such as GDP growth, government debt, budget and current account deficits, inflation-targeting policy and changes in the cash rate;

2. Understand macroeconomic theories at an intermediate level focusing on both the short- and long-run topics; together with popular debate and specific policies and their outcomes in macroeconomics.

3. Evaluate the monetary and fiscal policies aimed at stabilising the economy utilising the aggregate demand and supply framework; and

4. Work collaboratively in a team environment, to achieve set goals related to the building of knowledge of economics