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Managing the Economy (11226.1)

Level: Level 3 - Undergraduate Advanced Unit
Credit Points: 3
HECS Bands:

Band 3 2013-2020 (Expires 31 Dec 2020) Band 4 2021 (Commenced After 1 Jan 2021) Band 5 2021 (Commenced Before 1 Jan 2021)

Faculty: Faculty of Business, Government & Law
Discipline: Canberra School of Politics, Economics and Society


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For the remainder of 2020, resulting from Australian Government's directives requiring physical distancing and restrictions on movement because of the COVID-19 pandemic, any exams that are required for assessment in a unit will be online exams. Online exams may also use online proctoring to help assure the academic integrity of those exams. Please contact your unit convener with any questions.

While the University has made efforts to ensure that Unit Outlines reflect a unit’s learning activities and assessment items, any changes to Australian Government directives because of the COVID-19 pandemic may require changes to these during the semester to ensure the safety and well being of students and staff. These changes will not be updated in the published unit outline, but will be communicated to you via your unit’s UCLearn(Canvas) teaching site. Any changes made will continue to meet the unit’s learning outcomes, as described in the Unit Outline.

Unit Outlines

To view your Unit Outline, click View to log in to MyUC and access this information, or visit your unit's online teaching site.

  • Semester 2, 2020, ON-CAMPUS, BRUCE (196029) - View
  • Semester 2, 2019, ON-CAMPUS, BRUCE (184864) - View

If a link to your Unit Outline is not displayed, please check back later. Unit Outlines are generally published by Week One of the relevant teaching period.


Competing theories of Macroeconomics are analysed in the context of the assumptions on which they are based. These theories have widely differing implications for countercyclical fiscal and monetary policy. Students will develop their own informed view of how the Macroeconomy works.

Learning Outcomes

After successful completion of this unit, students will be able to:

1. Explain rival macroeconomic theories and the assumptions underpinning them;

2. Use macroeconomic theory to develop recommendations for appropriate monetary and fiscal policy and be able to explain the reasons for these proposals; and

3. Reflect upon their unit experience, including theories, discussions and feedback, and how it relates to the goals set out in their professional portfolio.

Assessment Items

Contact Hours

One 2 hour lecture and one 1 hour tutorial on-campus per week.


11175 Introduction to Economics AND 11223 Money, Employment and Growth.



Assumed Knowledge

This unit requires sound prior knowledge of economic and, specifically, macroeconomic principles and theories, which are covered in the pre-requisite units Introduction to Economics and Money, Employment and Growth.

Incompatible Units


Equivalent Units

6383 Intermediate Macroeconomics.

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