Course Title: Macroeconomics for Decision Making

Part A: Course Overview

Course Title: Macroeconomics for Decision Making

Credit Points: 12.00

Important Information:

Please note that this course may have compulsory in-person attendance requirements for some teaching activities. 

To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption. 

Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209. 

Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus 

Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance. 



Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ECON1042

City Campus

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

 Sem 1 2006,
Sem 2 2006,
Sem 1 2007,
Sem 2 2007,
Sem 1 2008,
Sem 2 2008,
Sem 1 2009,
Sem 2 2009,
Sem 1 2010,
Sem 2 2010,
Sem 1 2011,
Sem 2 2011,
Sem 1 2012,
Sem 2 2012,
Sem 1 2013,
Sem 2 2013,
Sem 1 2014,
Sem 2 2014,
Sem 1 2015,
Sem 2 2015,
Sem 1 2016,
Sem 2 2016,
Sem 2 2017,
Sem 2 2018,
Sem 1 2019,
Sem 2 2019,
Sem 1 2020,
Sem 2 2020,
Sem 1 2021,
Sem 2 2021,
Sem 1 2022,
Sem 2 2022

ECON1044

Kolej Metropolitan

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

 Offsh 1 09

ECON1045

Singapore Inst of Management

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

 Offsh 1 09,
Offsh 3 09,
Offsh 1 10,
Offsh 3 10,
Offsh 1 11,
Offsh 3 11,
Offsh1 12,
Offsh1 13,
Offsh3 13,
Offsh1 14,
Offsh3 14,
Offsh1 15,
Offsh3 15,
Offsh1 16,
Offsh3 16,
Offsh1 17,
Offsh3 17,
Offsh3 18,
Offsh1 19,
Offsh3 19,
Offsh1 20,
Offsh3 20,
Offsh1 21,
Offsh3 21,
Offsh1 22,
Offsh3 22

ECON1266

RMIT University Vietnam

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

 Viet1 2012,
Viet2 2012,
Viet1 2013,
Viet2 2013,
Viet3 2013,
Viet1 2014,
Viet2 2014,
Viet3 2014,
Viet1 2015,
Viet2 2015,
Viet3 2015,
Viet1 2016,
Viet2 2016,
Viet2 2017,
Viet3 2017,
Viet2 2018,
Viet3 2018,
Viet1 2019,
Viet2 2019,
Viet3 2019,
Viet1 2020,
Viet3 2020,
Viet2 2021,
Viet1 2022

ECON1332

RMIT Vietnam Hanoi Campus

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

 Viet3 2019,
Viet1 2020,
Viet3 2020,
Viet2 2021,
Viet1 2022

Course Coordinator: Dr Bronwyn Coate

Course Coordinator Phone: +61 3 9925 1309

Course Coordinator Email: bronwyn.coate@rmit.edu.au

Course Coordinator Location: Melbourne Campus Building 80, Level 11

Course Coordinator Availability: By appointment only, via email


Pre-requisite Courses and Assumed Knowledge and Capabilities

- 


Course Description

This course examines the workings of the macroeconomy as it applies to the wellbeing of individuals and businesses and how policy decisions can affect the different groups in society using real world data and problems. It explores how the different schools of thoughts can be used to interpret and analyse economic phenomena both domestically, and globally, as well as overtime and how they affect decision making.



Objectives/Learning Outcomes/Capability Development

 -



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

  1. Apply economic models and frameworks to inform macroeconomic policy and business decision making.
  2. Source, analyse and interpret economic  data to inform macroeconomic policy and decision making.
  3. Critically evaluate various schools of macroeconomic thought and their suggested policy responses to a range of events and conditions.
  4. Communicate the findings of economic analyses to diverse audiences in a professional manner. 



Overview of Learning Activities

To achieve the desired learning outcomes the course encourages students to participate in the following learning experiences:

  • Attendance at, and note-taking during scheduled lectures/tutorials.
  • Reading of, and note-taking from recommended texts, and other references.
  • Participation in the lectures/tutorials in terms of answering questions, raising issues, and enhancing general discussion.

In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities possibly 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 Studies\Canvas. The lecture notes and workshop notes are posted on Canvas.

Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period. 


Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows.

Assessment Task 1: 30% Linked CLOs: 1, 2

Assessment Task 2: 40% Linked CLOs: 1, 2, 3, 4 

Assessment Task 3: 30% Linked CLOs: 1, 3, 4 

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.