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HE Unit Template
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Business Macroeconomics
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BUECO1508 - Business Macroeconomics
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20240200
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1.4
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2026-10-09
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2026-09-10
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Business
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Institute of Innovation, Science & Sustainability
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Business
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Undergraduate
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15
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.125
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091901
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Economics
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091901 - Economics
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<a href="http://www.federation.edu.au/locate/unit/bueco1508">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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7
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Bachelor Degree
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1
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<p>This course aims to provide students with a fundamental understanding of the macroeconomic business environment and introduce them to economy-wide problems, theories and policies for an open economy. The content includes an introduction to economics, macroeconomic models and method of analysis, macroeconomic policy options including the role of the government and the impact of the international economy.</p>
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<p>•Economic Indicators, National accounts, Circular flow models<br>
•The Business cycle and Macroeconomic problems<br>
•The relationship between Economic performance and Business performance<br>
•Theories of Income Determination:<br>
•The role of Money and interest rates, Banks and the Reserve Bank of Australia in the economy<br>
•Economic Policies: Fiscal policy and Monetary policy, and the impact of Economic policy on business and consumers<br>
•Trade, the balance of payments and exchange rates, the impact of globalisation.</p>
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<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
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Semester
Semester
0200
Year
Year
2027
Current Year
2026
Breadcrumb Positioning
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BUECO1508 - Business Macroeconomics
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BUECO1508 - Business Macroeconomics
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Semester
Semester 1
Semester 2
Summer Semester
Year
2027
2026
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Overview
Key information
Requisites
Learning outcomes
Assessment
FedTASK
Parent Region
Overview
Unit description
<p>This course aims to provide students with a fundamental understanding of the macroeconomic business environment and introduce them to economy-wide problems, theories and policies for an open economy. The content includes an introduction to economics, macroeconomic models and method of analysis, macroeconomic policy options including the role of the government and the impact of the international economy.</p>
Unit content
<p>•Economic Indicators, National accounts, Circular flow models<br> •The Business cycle and Macroeconomic problems<br> •The relationship between Economic performance and Business performance<br> •Theories of Income Determination:<br> •The role of Money and interest rates, Banks and the Reserve Bank of Australia in the economy<br> •Economic Policies: Fiscal policy and Monetary policy, and the impact of Economic policy on business and consumers<br> •Trade, the balance of payments and exchange rates, the impact of globalisation.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
091901 - Economics
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/bueco1508">View unit fees</a>
Requisites
Prerequisite
<p>must have completed 1 of "BUECO1507" / "<a href="/ords/r/curriculum/catalogue/course?p6_code=BUECO1509" target="_blank">BUECO1509</a>"</p>
Corequisite
None
Exclusion
None
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
K1
<p>Identify the framework of the macroeconomic environment and the relationships within the different sectors of the economy</p>
K2
<p>Describe the theory of income determination and appraise macroeconomic issues like the business cycle, inflation, unemployment, economic growth and external imbalance</p>
K3
<p>Recognise macroeconomic indicators and the scope of economic policy, including fiscal and monetary policy to improve the performance of the economy</p>
K4
<p>Examine the role of the global economy has upon domestic economic activity express through trade and capital flows along with exchange rates</p>
S1
<p>Choose and compile economic data to identify macroeconomic trends and problems like inflation, unemployment and external imbalance</p>
S2
<p>Evaluate the impact of monetary and fiscal policy upon business and consumers</p>
S3
<p>Discuss how and under what circumstances intervention by policy-making authorities can improve macroeconomic performance</p>
S4
<p>Express results of macroeconomic analysis, application, and reflection using oral and written reporting to specialist and non-specialist audiences</p>
A1
<p>Visualise the economy as a whole and identify macroeconomic problems like the trade cycle, inflation and unemployment</p>
A2
<p>Analyse government policy with regard to macroeconomic issues in a range of situations and make informed contribution to public debate</p>
A3
<p>Use initiative and judgement in reading media articles on macroeconomic issues and assess how it would affect their interests and that of others</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Draw and interpret graphical diagrams, Written paragraph type explanations on conceptual matters</p>
<p>Mid-term test</p>
<p>20-30%</p>
K1, K2, K3, S1, S2, S3, A3
2
<p>Individual application, self-reflection activities to develop and enhance knowledge of skills in Macroeconomics</p>
<p>Written assignment</p>
<p>10-20%</p>
K1, K2, K3, S1, S2, S4, A3
3
<p>Draw and interpret graphical diagrams, Written paragraph type explanations to conceptual matters</p>
<p>Written exam</p>
<p>60-70%</p>
K1, K2, K3, K4, A1, A2, A3
Supplementary assessment available:
Yes
Supplementary assessment information:
<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
FedTASK
FedTASK
Description of FedTASK outcome
Level
FedTASK 1: Interpersonal
The ability to effectively communicate, interact and work with others both individually and in groups.
FedTASK 2: Leadership
The ability to apply professional skills and behaviours in leading others.
FedTASK 3: Critical Thinking and Creativity
The ability to work in complexity and ambiguity using imagination to create new ideas.
FedTASK 4: Digital Literacy
The ability to work fluently across a range of tools and applications to achieve a range of skills.
FedTASK 5: Sustainable and Ethical Mindset
The ability to consider and assess the consequences and impact of ideas and actions in enacting ethical and sustainable decisions.
FedTASK
<p>Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FedTASKs (<strong>T</strong>ransferable <strong>A</strong>ttributes <strong>S</strong>kills and <strong>K</strong>nowledge) provide a targeted focus on five key, transferable Attributes, Skills, and Knowledge that are embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and co-operative learning opportunities.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
091901 - Economics
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/bueco1508">View unit fees</a>
Additional information
Add Info Static Text
Internal reference: BUECO1508 - U1.4