ECC1100 / ECF5927 Principles of Macroeconomics
Difficulty:
Year Completed: Semester 1, 2026
Prerequisite: N/A
Exemption:
CB2 Business Economics
ECC1000 (55%), ECC1100 (45%)
Weighted average of 70% required. Minimum of 60% required for
each unit.
Mean SETU Score: 76/100 (High)
Subject Content:
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In this unit you will look at the economy as a whole, mostly in the context of a country. In the first half of the semester, you will learn about how the economy changes and grows over time and the indicators of an economy's performance. In the second half of the semester, you will go into more depth on the four sectors of the economy and AD-AS model. You will then explore the application of policies used influence the sectors, gaining an understanding of how the government and central bank make policy decisions to address the needs of the economy.
1 x 2 hour lecture
1 x 1 hour tutorial
'Macroeconomics (4th edition) by Hubbard, R. G., Garnett, Anne M., Lewis, Philip, & O'Brien, A. P.' was the only required textbook and provided useful graphs and examples to look at, which was were integrated into power points.
Workshop Quizzes (20%)
Group Project (20%)
Final Exam (60%)
Comments
This unit introduces students to key macroeconomic concepts such as GDP, inflation, unemployment, and the business cycle, before progressing to models like AD-AS and the IS-LM framework. The second half focuses on macroeconomic policy and real-world applications. It builds a conceptual understanding of how the economy functions on a national scale and prepares students to critically evaluate government and central bank responses to economic conditions.
The lectures were evenly balanced in examples and theory. The recordings were particularly useful as empty parts in the power point which were required to be worked through during the lecture would not be understood without it.
Tutorials were really effective in its heavy application. Through they were not required to attend, the step by step teaching of the TA were received by an eager response to attend by students.
There were no assessments, only an in-class group presentation which was required later into the semester as part of the project. The marking was quite lenient as the requirements were simple and required the students own interpretation. Though the assignments were vastly different to the exam, they were useful in raising the students' understanding of the topic.
The exam was closed book and based off all previously learnt content, with only the allowance of a calculator.
ECC1100 is a well-structured and approachable unit for students new to macroeconomics. The assessments are relatively straightforward, and the lecture content is engaging. With consistent weekly review and group coordination, students can perform well. No textbook is required for success, but the prescribed text can help for deeper understanding.
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