This online Macroeconomics 1 unit from Open Universities Australia and the University of South Australia introduces students to the terms and concepts, models and evaluation methodologies for interpreting and explaining the Australian economy.
Students will learn about the economy over time, fundamental macroeconomic relationships, the simple aggregate demand and supply model, economic policy and how to evaluate current macroeconomic events, policy issues and debates from an economic perspective.
Macroeconomics looks at economic models on a national and international scale, and this unit is ideal for students interested in understanding the structures and behaviours of these economies in a flexible, resource-rich environment.
There are no prerequisites for this unit; anyone can apply.
If you have not previously studied economics, you may wish to consider completing Principles of Economics before enrolling.
Areas of study
In this business unit, the topics you will study include:
Macroeconomics and national objectives
Spending in the economy
The aggregate demand and supply model
Money and the financial system
International sector and policy in an open economy
Demand management policies
This unit is a core requirement in the following courses:
Bachelor of Business (Financial Planning), RMIT University
Bachelor of Business (Logistics and Supply Chain Management), RMIT University
This unit is an elective requirement in the following courses:
Bachelor of Technology (Computing Studies), RMIT University
Bachelor of Accounting, University of South Australia
Content may also be relevant to other courses, and could qualify you for Recognition of Prior Learning (RPL) for a course offered by another institution.
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By completing this unit, students will be able to describe, explain and apply basic macroeconomic terms and concepts, use simple macroeconomic models to interpret the Australian economy, analyse the impact of changes in the economy and evaluate macroeconomic events, policy issues and debates through an economic framework.
Successful completion of this online unit will also contribute to achieving a business degree from the University of South Australia.
How else will I benefit from this unit?
Upon successful completion of this unit you will receive credit for competencies in Macroeconomics 1 from the University of South Australia.
Studying online means you can study where you want, at your own pace.
Gain industry-relevant skills and transferrable knowledge.
Government financial support through FEE-HELP or HECS-HELP may be available.
Studying single units allows you the flexibility to work towards a qualification at your own pace.
Receive Recognition of Prior Learning (RPL) for this unit across a number of OUA’s full degree programs.
Get more information
Want more information about the career benefits of this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
If you are an Australian citizen, you may be eligible to receive a government HECS-HELP or FEE-HELP loan, meaning you can defer payment of your fees.
Get more information
Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
You may be eligible to receive HECS-HELP or FEE-HELP for this course!
This course can be paid for through the HECS-HELP or FEE-HELP government loan schemes. If you are an Australian citizen or hold a permanent humanitarian visa, this means you don’t need to pay upfront.
Instead, the Australian government will pay your course fees on your behalf. You’ll begin repaying your loan through the tax system once you start earning more than the minimum threshold of $54,869 (2016-17 income year).
For two decades, Open Universities Australia (OUA) has partnered with leading Australian educators to make tertiary-level courses easier to access for people, no matter their background, their work status or their other life commitments. OUA has built up their reputation by making education more flexible, easier to tailor and available almost entirely online.
OUA's devotion to online education remains to this day, but where they once focused on higher education, today they offer the broadest set of post-secondary education and training programs in Australia.
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