| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | ||
| EFTSL | Credit points | Faculty |
| 0.125 | 3 | Faculty Of Business, Government & Law |
| Discipline | Study level | HECS Bands |
| Canberra School Of Politics, Economics And Society | Level 1 - Undergraduate Introductory Unit | Band 4 2021 (Commenced After 1 Jan 2021) Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905) Band 5 2021 (Commenced Before 1 Jan 2021) |
Learning outcomes
On successful completion of this unit, students will be able to:1. Explain basic economic concepts and how the competitive market operates using demand and supply models;
2. Explain the meaning and significance of basic macroeconomic terms and concepts;
3. Undertake an analysis of the Australian economy using simple macroeconomic models using diagrams and in simple quantitative terms;
4. Explain how output, employment and price are determined using the basic aggregate demand/aggregate supply model; and
5. Describe how fiscal and monetary policies can be used to achieve macroeconomic goals in an open economy like Australia.
Graduate attributes
1. UC graduates are professional - communicate effectively1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
Prerequisites
None.Corequisites
None.Incompatible units
Foundations of Macroeconomics, 9519.Equivalent units
NO.Assumed knowledge
None.| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|
Required texts
Textbook:
Parkin, M & Bade, R 2016, Macroeconomics: Australia in the Global Environment, Pearson Education, Melbourne.
Submission of assessment items
Special assessment requirements
Students must complete all components of assessment and achieve 50% overall in order to pass the unit. A deferred examination for the final examination will only be available to students who present a valid doctor's certificate. Re-submission of assessment items will not be allowed.
Students must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.
Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.
UC students have to complete the Academic Integrity Module annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).
UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.
Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of Canberra (Student Conduct) Rules 2023. For further advice, visit Study Skills.
Participation requirements
Students are expected to attend all lectures and tutorials. Students should bring the textbook and a calculator to the tutorials.
Required IT skills
It is assumed students will be able to access material which is on the textbook as well as on Online Learning Management System (Canvas) at the University of Canberra.
In-unit costs
No other additional costs apart from the cost of purchasing the required text and related teaching materials.
Work placement, internships or practicums
NA
Additional information
Grades
The following descriptors are used as a guide for grades.
| Designated grade |
Description |
|---|---|
| High Distinction (HD) 85-100 |
Work of outstanding quality on the learning outcomes of the unit, which may be demonstrated in areas such as criticism, logical argument, interpretation of materials or use of methodology. This grade may also be given to recognise particular originality or creativity. |
| Distinction (DI) 75-84 |
Work of superior quality on the learning outcomes of the unit, demonstrating a sound grasp of content, together with efficient organisation and selectivity. |
| Credit (CR) 65-74 |
Work of good quality showing more than satisfactory achievement on the learning outcomes of the unit, or work of superior quality on a majority of the learning outcomes of the unit. |
| Pass (P) 50-64 |
Work showing a satisfactory achievement of the learning outcomes of the unit. |
| Fail (NW,
<49 |
Work showing an unsatisfactory achievement of one or more learning outcomes of the unit, and not qualifying for the grade of pass. |
