Course Title: Applied Macroeconomics

Part A: Course Overview

Course Title: Applied Macroeconomics

Credit Points: 12

Course Code




Learning Mode

Teaching Period(s)


City Campus


625H Economics, Finance and Marketing


Sem 1 2006,
Sem 1 2007,
Sem 1 2008,
Sem 1 2009,
Sem 1 2010,
Sem 1 2011,
Sem 1 2012,
Sem 1 2013,
Sem 1 2014,
Sem 1 2015


City Campus


625H Economics, Finance and Marketing


Sem 1 2012,
Sem 1 2013,
Sem 1 2014,
Sem 1 2015,
Sem 1 2016,
Sem 1 2017

Course Coordinator: Dr. Sefa Awaworyi Churchill

Course Coordinator Phone: +61 3 9925 2013

Course Coordinator Email:

Course Coordinator Location: Melbourne Campus, Building 80

Course Coordinator Availability: Please check with course coordinator

Pre-requisite Courses and Assumed Knowledge and Capabilities


Course Description

The unit will consolidate your understanding of macroeconomic theory and its applications to macroeconomic problems. The course will review the basics of undergraduate macroeconomics before moving on to consider more advanced macroeconomics course and major recent developments in the field of macroeconomics. It provides an introduction to various theories of economic growth, causes and consequences of economic growth and business cycles, investigate how policies affect macroeconomic conditions, and learn how experimental economics can be used to test growth theories. Recent theoretical and empirical developments will be discussed, with particular emphasis placed on scholarly articles.

Objectives/Learning Outcomes/Capability Development


On successful completion of this course you will be able to:

  1. Compare and contrast the similarities and differences between the major competing theories in Macroeconomics.
  2. Develop the skills needed to construct simple models used in Macroeconomics.
  3. Develop the skills to solve a variety of problems encountered in Macroeconomics.
  4. Identify and prescribe policies to solve various problems encountered by firms, in the area of Macroeconomics.
  5. Integrate the knowledge gained from other Economics and Finance courses, and analyse their impact on macroeconomic conditions and problems.
  6. Research and critically evaluate the existing literature in a specialised field of Macroeconomics.

Overview of Learning Activities

In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.

Overview of Learning Resources

Various learning resources are available online through myRMIT\Blackboard. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.
Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT Library website.
Additional resources and/or sources to assist your learning will be identified by your course coordinator will be made available to you as required during the teaching period.

There are a number of interesting websites that you will find useful throughout the course. These websites are the homepages of various academic centers who have scholars that have shaped the field of macroeconomics. They include, but are not limited to, the following:

Overview of Assessment

The assessment alignment list below shows the assessment tasks against the learning outcomes they develop.

Assessment Task 1: 30%
Linked CLOs: 1, 2, 3, 4 and 6
Assessment Task 2: 20%
Linked CLOs: 1, 2, 3, 4 and 6
Assessment Task 3: 50%
Linked CLOs: 1, 2, 3, 4, 5, and 6

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.