Economics

ECOS2002

Intermediate Macroeconomics

3.3
24 verified reviews
Credit Points
6
Session
2026 Intensive January
Location
Camperdown/Darlington
Attendance
Block mode
Unit Overview
This unit of study develops models of the goods, money and labour markets, and examines issues in macroeconomic policy. Macroeconomic relationships, covering consumption, investment, money and employment, are explored in detail. Macro-dynamic relationships, especially those linking inflation and unemployment, are also considered. Exchange rates and open economy macroeconomics are also addressed. In the last part of the unit, topics include the determinants and theories of economic growth, productivity and technology, the dynamics of the business cycle, counter-cyclical policy and the relationship between micro and macro policy in the context of recent Australian experience.

Requirements

Prerequisites
ECON1002 or ECON1040
Prohibitions
ECON2002 or ECON2902 or ECOS2902

Unit Reviews

A
Anonymous
2017 • Semester 2
5

Very useful subject for economics in macro field. Can be challenging due to heavy work load.

A
Anonymous
2016 • Semester 2
1

ECOS 2002 is a terrible subject. Matthew Smith is a horrible lecturer. Everything is boring. That subject is useless and sometime challenging.

A
Anonymous
2016 • Semester 2
3

I found this subject to not be overly challenging in terms of content, but very very content heavy. Lecturer's were both good and obviously knew the topics well, and tutor's were ok but often didn't finish the questions in time, which is a problem as tute answers weren't uploaded online so you could only get them from the tutor. The key to success in this course is to nail the essays - both in the mid sem and the assignment - as they will set you up well for the final. I would have enjoyed this subject way more if it had one less topic - 8 full topics in the final is absolute murder to study.

A
Anonymous
2016 • Semester 1
4

Matthew Smith may be boring and monotonous, but his lecture notes are great. The content of this unit is also very comprehensive for macroeconomics in general and will give you a solid understanding of the 'larger picture'. Nevertheless, this unit is very content heavy and will overwhelm you if not enough effort is given. Essays are also a challenge in that you must comprehensively understand the topics in order to score.

A
Anonymous
2015 • Semester 1
2

tutor for Monday 2-3 tut was shitty, stella is good lecturer

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Semester Roadmap

W01
Review and Introduction to Macroeconomic IndicatorsLecture
Macroeconomic IndicatorsTutorial
The Goods and Financial MarketLecture
The Goods and Financial MarketTutorial
The IS-LM ModelLecture
The IS-LM ModelTutorial
The Labour MarketLecture
The Labour MarketTutorial
W02
The AS-AD ModelLecture
The AS-AD ModelTutorial
The Phillips CurveLecture
The Phillips CurveTutorial
In-semester testLecture
Expectations, Output, and Policy ILecture
Expectations, Output, and Policy IILecture
Expectations, Output, and PolicyTutorial
W03
Contemporary Macroeconomic IssuesLecture
Long-Run Economic GrowthLecture
Long-Run Economic GrowthTutorial
Technological Progress and GrowthLecture
Technological Progress and GrowthTutorial
The Open Economy and Exchange RateLecture
The Open Economy and Exchange RateTutorial

Support

Teaching Staff

Khanh Phan
khanh.phan@sydney.edu.au
Coordinator

Assessments

Final exam
50%
Formal exam period
Written examAI prohibited
3 short quizzes
15%
Multiple weeks
Out-of-class quizAI allowed
Quiz
5%
18 Jan 2026 at 23:59
Out-of-class quizAI allowed
In-semester test
30%
Week 03
Written testAI prohibited