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ECC1100 - Principles of macroeconomics

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader: Ms Cathy Fletcher,


Clayton First semester 2007 (Day)
Clayton Second semester 2007 (Day)


The scope of macroeconomics and its microeconomic underpinnings; aggregation problems; partial equilibrium and general equilibrium analysis; the circular flow of income as a general equilibrium model; the mutual dependence of financial flows and flows of goods and services; sectoral composition of aggregate demand; business and investment behaviour; government spending and taxation; external balance and determination of current and capital accounts; labour market and aggregate supply; money, credit, and the conduct of monetary policy; inflation and unemployment; macroeconomic effects of deregulation in Australia.


Written (class tests and mid semester tests): 35%
Tutorial presentation and contribution: 5%
Examination (2 hours): 60%

Contact hours

Three contact hours per week


ECC1000 is recommended