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
2018 • Semester 2
1

Boring and challenging.

A
Anonymous
2017 • Semester 2
5

Matthew Smith has been a good lecturer so far. He's very knowledgeable and willing to help students. The tutor is very good and is trying really hard to make us understand the content, which can be quite challenging at times. Overall, it's a course worth doing.

A
Anonymous
2017 • Semester 2
1

Denny and Aryusha did not do a great layout of the course. Majority of the course was multiple choice. Which is a terrible way of testing students. The midsem was 30% all MC, 20% quiz and the final exam 23 MC questions worth 1.52% each, leaving the short answers only worth 15%. MC does not allow the student to apply any of the knowledge they have learnt. It is a shame that a core subject is laid out this way. Teaching is about learning, not about setting students up for failure.

A
Anonymous
2017 • Semester 1
5

If your lecturer is Matthew Smith then consider yourself very lucky. His exams are very theoretical and conceptual. Exams are essay based. However if you have another lecturer be prepared to be drowned with very hard maths and a high likelihood of failure ESP if you struggled in first year macro and micro. Unit experience highly dependent on the lecturer you get

A
Anonymous
2017 • Semester 2
5

Easy subject. Follows on from 1002 quite well. Practice doing essay type responses emphasising quality>quantity.

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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