Course coordinator
Dr Annari de Waal
Course overview
- Study period
- Semester 1, 2025 (24/02/2025 - 21/06/2025)
- Study level
- Postgraduate Coursework
- Location
- St Lucia
- Attendance mode
- In Person
- Units
- 2
- Administrative campus
- St Lucia
- Coordinating unit
- Economics School
This is an intermediate course in Macroeconomics. This course covers important macroeconomic issues such as the determinants of national expenditure and income, economic growth, inflation and exchange rates. The course integrates macroeconomic theory and policy with applications to recent international and Australian economic episodes.
ECON7021 is an intermediate course in macroeconomics that introduces decision-makers in the managerial and business profession to modern macroeconomic theories and models. Such models shed light on macroeconomic issues that influence the performance of domestic businesses and industrial enterprises operating in a competitive international setting. The lectures will focus on contemporary macroeconomic theories and policy issues confronting Australia and the global economy in the short and long run, allowing students to analyse important macroeconomic policy issues. In tutorial sessions, students can clarify their understanding of macroeconomic concepts and theories. Students are expected to work towards a proper understanding of economic modelling techniques.
The course includes access to learning content on the UQ Extend platform, with 70 studio-produced video segments, each around 2 to 14 minutes in duration, and accompanying learning activities. As students must work through the relevant UQ Extend course content before each scheduled lecture, the lectures will focus on the more complex concepts and relevant topical macroeconomic issues, providing students with additional learning opportunities in class.
Course requirements
Assumed background
It is assumed students have completed an introductory macroeconomics course such as ECON7001, ECON1020 or equivalent.
For Master of Commerce students, it is assumed students have already completed ECON7002.
Prerequisites
You'll need to complete the following courses before enrolling in this one:
ECON1020 or 7001 or 7002
Incompatible
You can't enrol in this course if you've already completed the following:
ECON2020 or 7020
Course contact
School enquiries
School Enquiries, School of Economics
All enquiries regarding student and academic administration (i.e. non-course content information, e.g., class allocation, timetables, extension to assessment due date, etc.) should be directed to enquiries@economics.uq.edu.au.
Enquiries relating specifically to course content should be directed to the Course Coordinator/Lecturer at econ7021@uq.edu.au.
Course staff
Lecturer
Dr Annari de Waal
Tutor
Miss Thao Nguyen
Ms Claire Sturm
Mr Minh Le
Ms My Thanh Pho
Miss Angel Pong
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
Lectures commence in Week 1.
Tutorials commence in Week 2.
Please see the Learning Activities section of this Course Profile for the timetabling implications of public holidays.
Important Dates
- Public Holidays: Fri 18 April (Good Friday), Mon 5 May (Labour Day)
- Mid-Semester Break: 21 - 25 April. Semester 1 classes recommence on Mon 28 April.
Students should refer to the timetable prior to the commencement of classes to ensure that they have the most up to date information, as from time to time late room changes may occur.
Aims and outcomes
This course aims to provide you with the following:ﾠ
- a theoretical and practical understanding of the key relationships and causal links between well-defined major macroeconomic aggregates;ﾠ
- an understanding of the role and workings of macroeconomic policy;ﾠ
- a coherent, analytical macroeconomic modelling framework from which to evaluate these policies critically;ﾠ
- and the ability to apply these concepts in a real-world setting.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Explain and utilise macroeconomic indicators and theoretical macroeconomic models.
LO2.
Choose and illustrate the appropriate macroeconomic models for different countries and time horizons.
LO3.
Assess the macroeconomic impact of shocks and fiscal and monetary policies.
LO4.
Evaluate contemporary macroeconomic issues with the use of appropriate macroeconomic models.
LO5.
Collect and analyse macroeconomic data to compare the macroeconomic performance of countries.
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Participation/ Student contribution, Quiz |
Author, Moderate and Answer Questions via RiPPLE
|
15% (3 x 5%) |
Round 1: 28/03/2025 4:00 pm Round 2: 2/05/2025 4:00 pm Round 3: 30/05/2025 4:00 pm |
| Quiz |
Online Quiz (Inspera Assessment)
|
15% |
8/04/2025 - 9/04/2025
Due 09/04/2025 4:00 pm (70-min timer) |
| Paper/ Report/ Annotation, Presentation |
Policy Analysis Report and Video
|
30% |
13/05/2025 4:00 pm |
| Examination |
End-of-Semester Exam
|
40% |
End of Semester Exam Period 7/06/2025 - 21/06/2025 |
Assessment details
Author, Moderate and Answer Questions via RiPPLE
- Online
- Mode
- Product/ Artefact/ Multimedia, Written
- Category
- Participation/ Student contribution, Quiz
- Weight
- 15% (3 x 5%)
- Due date
Round 1: 28/03/2025 4:00 pm
Round 2: 2/05/2025 4:00 pm
Round 3: 30/05/2025 4:00 pm
- Other conditions
- Peer assessed, Longitudinal.
- Learning outcomes
- L01, L02, L03
Task description
You are required to author resources, moderate resources, and answer questions authored by your peers and teaching staff.
Three rounds of RiPPLE will run during the semester.
- Round 1 opens at 9 am on 03/03/2025, with all tasks due at 4 pm on 28/03/2025.
- Round 2 opens at 9 am on 31/03/2025, with all tasks due at 4 pm on 02/05/2025.
- Round 3 opens at 9 am on 06/05/2025, with all tasks due at 4 pm on 30/05/2025.
Detailed information and instructions for using RiPPLE will be provided on Learn.UQ (Blackboard) > Assessment > RiPPLE.
This task has been designed to be challenging, authentic and complex. Whilst students may use Artificial Intelligence (AI) and/or Machine Translation (MT) technologies, successful completion of assessment in this course will require students to critically engage in specific contexts and tasks for which artificial intelligence will provide only limited support and guidance.
A failure to reference generative AI or MT use may constitute student misconduct under the Student Code of Conduct.
Students will be required to demonstrate detailed comprehension of their written submissions independent of AI and MT tools to pass this assessment.
Submission guidelines
All author, moderate and practice (answer) tasks must be submitted electronically by the due date and time through RiPPLE, located in the Assessment > RiPPLE section of the course Learn.UQ (Blackboard) site.
Deferral or extension
You may be able to apply for an extension.
The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.
Extensions are limited to 7 calendar days to ensure timely feedback to other students.
Late submission
You will receive a mark of 0 if this assessment is submitted late.
Online Quiz (Inspera Assessment)
- Online
- Mode
- Written
- Category
- Quiz
- Weight
- 15%
- Due date
8/04/2025 - 9/04/2025
Due 09/04/2025 4:00 pm
(70-min timer)
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03
Task description
The Online Quiz will be a digital, open-book test covering Topics 1 to 4 (inclusive), delivered in Inspera Assessment via Learn.UQ (Blackboard). Questions include multiple-choice (MCQs), multiple-answer, calculations, short answers, and problem-solving. The Online Quiz will open on Tuesday, 8 April, at 9 am and close on Wednesday, 9 April, at 4 pm. Students can choose any time within this period to start the quiz, but a 70-minute timer starts once a student has commenced the quiz, meaning students must complete the quiz in one sitting.
You will be alerted to further information about the Online Quiz (Inspera Assessment) on the course Learn.UQ (Blackboard) site.
This assessment task evaluates students' abilities, skills and knowledge without the aid of generative Artificial Intelligence (AI) or Machine Translation (MT). Students are advised that the use of AI or MT technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
The Online Quiz must be completed and submitted electronically by the due date and time through the relevant assessment submission link, located in the Assessment > Online Quiz (Inspera Assessment) section of the course Blackboard site.
Deferral or extension
You may be able to apply for an extension.
The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.
Extensions are limited to 7 calendar days to ensure timely feedback to other students.
Late submission
Exams submitted after the end of the submission time will incur a late penalty.
Policy Analysis Report and Video
- Identity Verified
- Online
- Mode
- Oral, Product/ Artefact/ Multimedia, Written
- Category
- Paper/ Report/ Annotation, Presentation
- Weight
- 30%
- Due date
13/05/2025 4:00 pm
- Learning outcomes
- L01, L02, L03, L04, L05
Task description
The Policy Analysis Report and Video is an individual assignment. Therefore, group submissions are not permitted.
This assessment aims to provide students with experience completing and presenting a small research task. You will be assigned countries and scenarios based on your eight-digit student number. The assessment task include the following aspects.
- Collect data on macroeconomic indicators to analyse and present a country's macroeconomic performance.
- Apply the macroeconomic models covered in this course to analyse, illustrate, compare and present the impact of exogenous shocks on countries.
- Propose, analyse, illustrate and present fiscal and monetary policy responses for countries in response to exogenous shocks.
Detailed instructions and requirements for the Policy Analysis Report and Video will be provided on Learn.UQ (Blackboard) > Assessment > Policy Analysis Report and Video.
This task has been designed to be challenging, authentic and complex. Whilst students may use Artificial Intelligence (AI) and/or Machine Translation (MT) technologies, successful completion of assessment in this course will require students to critically engage in specific contexts and tasks for which artificial intelligence will provide only limited support and guidance.
A failure to reference generative AI or MT use may constitute student misconduct under the Student Code of Conduct.
To pass this assessment, students will be required to demonstrate detailed comprehension of their video submissions independent of AI and MT tools.
Submission guidelines
The required report and video for the Policy Analysis assessment must be submitted electronically by the due date and time through the relevant assessment submission link, located in the Assessment > Policy Analysis Report and Video section of the course Learn.UQ (Blackboard) site.
Deferral or extension
You may be able to apply for an extension.
The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.
Extensions are limited to 7 calendar days to ensure timely feedback to other students.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
End-of-Semester Exam
- Identity Verified
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 40%
- Due date
End of Semester Exam Period
7/06/2025 - 21/06/2025
- Other conditions
- Time limited.
- Learning outcomes
- L01, L02, L03, L04
Task description
The ECON7021 End-of-Semester Exam will be an on-campus, invigilated, closed-book (no written materials permitted) exam covering Topics 4 to 12 (inclusive). The questions will be a mix of multiple-choice (MCQs), multiple-answer, short answers, and problem-solving.
The exam will be centrally timetabled, scheduled during the end-of-semester examination period at a time and date to be confirmed.
You will be alerted to further information about the End-of-Semester Exam on the course Learn.UQ (Blackboard) site.
This assessment task is to be completed in-person. The use of generative Artificial Intelligence (AI) or Machine Translation (MT) tools will not be permitted. Any attempted use of AI or MT may constitute student misconduct under the Student Code of Conduct.
Exam details
| Planning time | 10 minutes |
|---|---|
| Duration | 120 minutes |
| Calculator options | (In person) Casio FX82 series only or UQ approved and labelled calculator |
| Open/closed book | Closed Book examination - no written materials permitted |
| Exam platform | Paper based |
| Invigilation | Invigilated in person |
Submission guidelines
Deferral or extension
You may be able to defer this exam.
Course grading
Full criteria for each grade is available in the Assessment Procedure.
| Grade | Cut off Percent | Description |
|---|---|---|
| 1 (Low Fail) | 0% - 29% |
Absence of evidence of achievement of course learning outcomes. |
| 2 (Fail) | 30% - 46% |
Minimal evidence of achievement of course learning outcomes. |
| 3 (Marginal Fail) | 47% - 49% |
Demonstrated evidence of developing achievement of course learning outcomes |
| 4 (Pass) | 50% - 64% |
Demonstrated evidence of functional achievement of course learning outcomes. |
| 5 (Credit) | 65% - 74% |
Demonstrated evidence of proficient achievement of course learning outcomes. |
| 6 (Distinction) | 75% - 84% |
Demonstrated evidence of advanced achievement of course learning outcomes. |
| 7 (High Distinction) | 85% - 100% |
Demonstrated evidence of exceptional achievement of course learning outcomes. |
Additional course grading information
A student’s final overall end-of-semester percentage mark will be rounded to determine their final grade. For example, 64.5% rounds to 65%, while 64.4% rounds to 64%.
Supplementary assessment
Supplementary assessment is available for this course.
Additional assessment information
Plagiarism
The School of Economics is committed to reducing the incidence of plagiarism. Further information on plagiarism and how to avoid an allegation of plagiarism is available in this course profile under Policies and Procedures. Please refer to the Academic Integrity Modules (AIM). It is strongly recommended that you complete the AIM if you have not already done so.
Learning resources
You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.
Library resources
Find the required and recommended resources for this course on the UQ Library website.
Additional learning resources information
All course content, including lecture slides and tutorial materials, will be made available to students through Learn.UQ (Blackboard). The Learn.UQ site further provides access to UQ Extend, a learning platform where studio-produced content videos, slide handouts, and other learning materials can be accessed.
Note: Lecture slides are not a substitute for the learning content on UQ Extend and the recommended readings specified in this course profile. Instead, lectures provide additional learning opportunities, with lecture slides being a supplemental learning guide.
Students will maximise their benefit from this course if they read The Economist magazine or newspapers such as the Australian Financial Review to keep abreast of current macroeconomic conditions (e.g., inflation, interest rates, financial crises, economic growth). This course will use current issues as examples during the lectures as much as possible. In addition, links to useful articles and websites will be provided on UQ Extend and in lectures.
Learning activities
The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.
Filter activity type by
Please select
| Learning period | Activity type | Topic |
|---|---|---|
Week 1 (24 Feb - 02 Mar) |
Lecture |
Topic 1 - Introduction to the Macroeconomy Learning outcomes: L01, L02, L05 |
Week 2 (03 Mar - 09 Mar) |
Tutorial |
Tutorial 1 Topic 1 - Introduction to the Macroeconomy Learning outcomes: L01, L02, L05 |
Lecture |
Topic 2 - Classical Model of Closed Economy Learning outcomes: L01, L02, L03 |
|
Week 3 (10 Mar - 16 Mar) |
Tutorial |
Tutorial 2 Topic 2 - Classical Model of Closed Economy Learning outcomes: L01, L02, L03 |
Lecture |
Topic 3 - Economic Growth I: Capital Accumulation Learning outcomes: L01, L02 |
|
Week 4 (17 Mar - 23 Mar) |
Tutorial |
Tutorial 3 Topic 3 - Economic Growth I: Capital Accumulation Learning outcomes: L01, L02 |
Lecture |
Topic 4 - Economic Growth II: Population Growth, Technological Progress and Policy Learning outcomes: L01, L02, L03 |
|
Week 5 (24 Mar - 30 Mar) |
Tutorial |
Tutorial 4 Topic 4 - Economic Growth II: Population Growth, Technological Progress and Policy Learning outcomes: L01, L02, L03 |
Lecture |
Topic 5 - Money and Inflation in the Long Run Learning outcomes: L01, L02, L03 |
|
Week 6 (31 Mar - 06 Apr) |
Tutorial |
Tutorial 5 Topic 5 - Money and Inflation in the Long Run Learning outcomes: L01, L02, L03 |
Lecture |
Topic 6 - Classical Model of Open Economy Learning outcomes: L01, L02, L03 |
|
Week 7 (07 Apr - 13 Apr) |
Tutorial |
Tutorial 6 Topic 6 - Classical Model of Open Economy Learning outcomes: L01, L02, L03 |
Lecture |
Topic 7 - IS-LM Model Learning outcomes: L01, L02, L03 |
|
Week 8 (14 Apr - 20 Apr) |
Tutorial |
Tutorial 7 Topic 7 - IS-LM Model Friday, April 18th is the Good Friday Public Holiday. If your tutorial is scheduled for this day, please attend any of the other tutorials scheduled for the week. Learning outcomes: L01, L02, L03 |
Lecture |
Topic 8 - IS-LM Analysis Learning outcomes: L01, L02, L03, L04 |
|
Mid-sem break (21 Apr - 27 Apr) |
No student involvement (Breaks, information) |
In-Semester Break - No lecture, no tutorials, no consultations |
Week 9 (28 Apr - 04 May) |
Tutorial |
Tutorial 8 Topic 8 - IS-LM Analysis Learning outcomes: L01, L02, L03, L04 |
Lecture |
Topic 9 - Mundell-Fleming Model Learning outcomes: L01, L02, L03, L04 |
|
Week 10 (05 May - 11 May) |
Tutorial |
Tutorial 9 Topic 9 - Mundell-Fleming Model Monday, May 5th is the Labour Day public holiday. Students with Monday tutorials are advised to attend any other tutorials scheduled for the week. Learning outcomes: L01, L02, L03, L04 |
Lecture |
Topic 10 - AD-AS Model Learning outcomes: L01, L02, L03 |
|
Week 11 (12 May - 18 May) |
Tutorial |
Tutorial 10 Topic 10 - AD-AS Model Learning outcomes: L01, L02, L03 |
Lecture |
Topic 11 - AD-AS Analysis Learning outcomes: L01, L02, L03 |
|
Week 12 (19 May - 25 May) |
Tutorial |
Tutorial 11 Topic 11 - AD-AS Analysis Learning outcomes: L01, L02, L03 |
Lecture |
Topic 12 - AS and Phillips Curve Learning outcomes: L01, L02, L03 |
|
Week 13 (26 May - 01 Jun) |
Tutorial |
Tutorial 12 Topic 12 - AS and Phillips Curve Learning outcomes: L01, L02, L03 |
Lecture |
Week 13 - Review Learning outcomes: L01, L02, L03, L04, L05 |
Policies and procedures
University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:
- Student Code of Conduct Policy
- Student Integrity and Misconduct Policy and Procedure
- Assessment Procedure
- Examinations Procedure
- Reasonable Adjustments - Students Policy and Procedure
Learn more about UQ policies on my.UQ and the Policy and Procedure Library.