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
2021 • Semester 2
2

its a compulsory subject for the economics major, which means you have to get it done. Unfortunately it is unbearably boring. The lectures are long and monotonous and graham white is knowledgeable but he can speak for 3 hours straight in the same tone without any breaks and it is hard to keep up / keep interest. The lectures are all really long and unenjoyable. Normally a 2 hour lecture is bearable if they split it into parts but this subject is pretty rough with lectures The tutors are all pretty good and help in understanding the content, and the essay and mid sem are relatively easy to go well in. the actual assessment components of the subject aren't too bad but the content is super boring and difficult to derive all the mathematical equations

A
Anonymous
2020 • Semester 2
1

for god sake never ever choose this course taught by Graham White, 2020 s2 is his first time to teach this half-semester. Not only did he have a very boring tone of voice in class, but he also had no primary or secondary. After 15 minutes, he was almost lethargic in his bass, while introducing many complicated and unimportant theories. Understanding these theories will not improve GPA, but it will waste a lot of time. At the same time, the form of the exam focuses on the grasp of language and logic, so that the number of words in the multiple-choice questions is very long, and there is no connection between the options, like doing true or false questions in the abcd option. So for this core course, the performance of white is more suitable for philosophy courses, so I think the school's attempt to arrange the first half of the semester is a failure, and I look forward to Matthew's return in the second half of the semester.

A
Anonymous
2019 • Semester 1
4

Matthew Smith is a good lecturer who explains the concepts well. However, his reluctance to upload ANY practice papers really made the unit unnecessarily hard. The unit is quite boring as well, but I feel like you have to learn this stuff one way or another.

A
Anonymous
2019 • Semester 2
3

Quite a lot of content, and rather boring theoretical content too. Lecturer explained things pretty well but you really had to understand the underlying content (not just memorise notes) because the exams were a bit of a 'jump' from lecture content.

A
Anonymous
2019 • Semester 1
4

Pretty challenging unit but the lecturer taught it at a good pace. Rather content heavy and it requires a good amount of work.

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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
ECOS2002: Intermediate Macroeconomics — CheckUnit.au