ECON2102 Macroeconomics 2

Subject Code

ECON2102

Study Level

Undergraduate

Commencing Term

Term 1

Total Units of Credit (UOC)

Delivery Mode

On Campus

School

Economics

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1. Course Details

Summary of Course

The macroeconomy of a country is a complex network consisting of millions of interacting agents such as consumers, firms, banks, and government institutions. This course introduces students to some of the key models economists employ to understand how these agents interact and their relation to economic growth, the business cycle and other macroeconomic variables.

The course covers topics in fiscal and monetary policy, business cycles, inflation and unemployment dynamics, as well as growth models and other related topics. Models developed in the course are intended to be applied to real-world data and used to analyse the observed growth patterns across different economies.

ECON 2102 Macroeconomics 2 develops the elementary tools, skills and knowledge base necessary to operate as a practicing macroeconomist. The course leads on from ECON 1102 Macroeconomics 1 and provides a smooth transition for those intending to pursue advanced study in macroeconomics in the future.

Teaching Times and Locations

Please note that teaching times and locations are subject to change. Students are strongly advised to refer to the Class Timetable website for the most up-to-date teaching times and locations.

View course timetable

Course Policies & Support

The Business School expects that you are familiar with the contents of this course outline and the UNSW and Business School learning expectations, rules, policies and support services as listed below:

Program Learning Outcomes
Academic Integrity and Plagiarism
Student Responsibilities and Conduct
Special Consideration
Protocol for Viewing Final Exam Scripts
Student Learning Support Services

Further information is provided in the Assessment and Policies and Support sections.

Students may not circulate or post online any course materials such as handouts, exams, syllabi or similar resources from their courses without the written permission of their instructor.

Course Aims and Relationship to Other Courses

The course aims to provide students with:

The ability to use economic tools in addressing macroeconomic policy questions;
An understanding of the different ways in which economic policy issues can be tackled and the way in which economic policies affect economic performance;
An understanding of issues such as the causes of world poverty, the effects of economic growth on inequality, and the role of government in the economy.

This course is offered as part of the economics majors in the BCom and BEc degrees. Because ECON1102 Macroeconomics 1 provides a broad introduction to macroeconomic analysis, it is a natural prerequisite for ECON2102 for students from BEc. COMM1150 is the prerequisite for students from BCom (IFY). ECON1202 Quantitative Analysis for Business and Economics is also a prerequisite for this course and students are expected to be familiar with basic concepts learnt in that course. ECON2102 is a prerequisite for more advanced macroeconomics courses, such as ECON3104 International Macroeconomics.

Student Learning Outcomes

The Course Learning Outcomes (CLOs) are what you should be able to demonstrate by the end of this course, if you participate fully in learning activities and successfully complete the assessment items.

CLOs also contribute to your achievement of the Program Learning Outcomes (PLOs), which are developed across the duration of a program. PLOs are, in turn, directly linked to UNSW graduate capabilities. More information on Coursework PLOs is available under Policies and Support. For PG Research PLOs, including MPDBS, please refer to the UNSW HDR Learning Outcomes.

The following table shows how the CLOs for this course relate to the overall PLOs and indicates where each CLO and PLO is assessed:

Course Learning Outcomes	Program Learning Outcomes	Course Assessment Item
On successful completion of the course, you should be able to:	This course helps you to develop the following Program Learning Outcomes:	This learning outcome will be assessed in the following items:
1. Explain the assumptions of standard models of macroeconomics.	PLO 1: Business knowledge PLO 6: Global and cultural competence	Optional Quizzes Assignments Final Exam
2. Use standard models of the macroeconomy to interpret and analyse real world economic issues.	PLO 1: Business knowledge PLO 3: Business communication PLO 4: Teamwork PLO 5: Responsible business practice PLO 7: Leadership development	Optional Quizzes Assignments Macro project presentation Final Exam
3. Identify issues related to fairness and inequality in an economic context.	PLO 1: Business knowledge PLO 5: Responsible business practice PLO 6: Global and cultural competence	Optional Quizzes Assignments Macro project presentation Final Exam
4. Construct written work which is logically and professional presented.	PLO 3: Business communication PLO 4: Teamwork	Assignments Macro project presentation Final Exam
5. Work collaboratively to complete complex tasks.	PLO 2: Problem solving PLO 3: Business communication PLO 4: Teamwork PLO 7: Leadership development	Assignments Macro project presentation

2. Staff Contact Details

Position	Title	Name	Email	Location	Phone	Consultation Times
Lecturer-in-charge	Dr	Gonzalo Castex		Room 414, UNSW Business School	(02) 9065 2289	Mondays 2-4pm and Wednesday 2-3pm (via Teams or face-to-face in LIC's office). Please book in advance when possible.

A full list of tutors and their contact details will be posted on the course website (Moodle).

Student Enrolment Requests

Students can vary their own enrolment (including switching lecture streams or tutorials) via myUNSW until the end of Week 1. In general, most other student enrolment requests should be directed to The Nucleus: Student Hub (formerly Student Central). These include enrolment in full courses or tutorials, course timetable clashes, waiving prerequisites for any course, transfer-of-credit (international exchange, transfer to UNSW, cross-institutional study, etc.), or any other request which requires a decision about equivalence of courses and late enrolment for any course. Where appropriate, the request will be passed to the School Office for approval before processing. Note that enrolment changes are rarely considered after Week 2 classes have taken place.

3. Learning and Teaching Activities

Use of your Webcam and Digital Devices: If you enrol in an online class, or the online stream of a hybrid class, teaching and associated activities will be conducted using Teams, Zoom, or similar a technology. Using a webcam is optional, but highly encouraged, as this will facilitate interaction with your peers and instructors. If you are worried about your personal space being observed during a class, we encourage you to blur your background or make use of a virtual background. Please contact the Lecturer-in-Charge if you have any questions or concerns.

Some courses may involve undertaking online exams for which your own computer or digital devices will be required. Monitoring of online examinations will be conducted directly by University staff and is bound by the University's privacy and security requirements. Any data collected will be handled accordance with UNSW policies and standards for data governance. For more information on how the University manages personal information please refer to the UNSW Student Privacy Statement and the UNSW Privacy Policy.

Approach to Learning and Teaching in the Course

The philosophy underpinning this course and its teaching and learning strategies is based on “Guidelines on Learning that Inform Teaching at UNSW". Specifically, the lectures, tutorials and assessment have been designed to appropriately challenge students and support the achievement of the desired learning outcomes. A climate of inquiry and dialogue is encouraged between students and teachers and among students (in and out of class). The lecturers and tutors aim to provide meaningful and timely feedback to students to improve learning outcomes.

Since understanding and using economic models is such a fundamental component of economics, a considerable part of this course is devoted to systematically working through key macroeconomic models. The best way to gain a deep understanding of these models is by working through the models yourself using a pen and paper. Look at the equations and write them out (or draw the diagrams). Note what variables enter into the models and make sure you can provide an intuitive explanation as to why they are there. Think about the assumptions used in the model and ask why they are used. Look at how the model is solved and then look at the solution and see if it makes economic sense. It usually takes time to build up these skills so it is good practice to begin early in the session and do a little at a time. The lectures will work through key models, and the tutorial exercises and the problem sets will give you practice at working with economic models and help you acquire the necessary skills.

Learning Activities and Teaching Strategies

The examinable content of the course is defined by the references given in the lecture schedule, the content of lectures, and the content of the tutorial program.

Lectures

The purpose of lectures is to provide a logical structure for the topics that make up the course; to emphasise the important concepts, models and methods of each topic, and to provide relevant examples to which the concepts and methods are applied. Lecture slides can be downloaded from Moodle prior to each lecture.

All lectures will be delivered on campus with recordings available via the Moodle site.

Tutorials

Tutorials are an integral part of the subject. They will be devoted to examining the structure of standard macroeconomic models of the economy and to learning how to analyse and interpret such models. Tutorial problem sets will be provided for each week’s tutorial via Moodle.

Covid regulations permitting, tutorial sessions will be delivered both online and face-to-face. Please check your enrolment and the UNSW timetable for details.

Out-of-Class Study

Most learning will be achieved outside of class time. Lectures can only provide a structure to assist your study, and tutorial time is limited.

An “ideal” strategy (on which the provision of the course materials is based) might include:

Reading of the relevant chapter(s) of the textbook, reading materials and accessing the lecture slides from Moodle before the lecture. This will give you a general idea of the topic area.
Attendance at lectures. Here the context of the topic in the course and the important elements of the topic are identified. The relevance of the topic will be explained.
Attending tutorials and attempting the tutorial questions in advance.

4. Assessment

Formal Requirements

In order to pass this course, you must:

achieve a composite mark of at least 50 out of 100;
meet any additional requirements described in the Assessment Summary section.

You are expected to attempt all assessment requirements in the course.

Assessment Structure

Assessment Task	Weighting	Length	Due Date
Assessment 1: Assignments (three across the term)	25%	As required	Week 4 (6th march by 4:00 pm), Week 7 (27th March by 4:00 pm) and Week 10 (17th April by 4:00 pm)
Assessment 2: Macro project presentation (BCom students: myBCom course points for PLO7)	30%	Groupwork component: 5-minute recorded presentation, preceded by one-page proposal Individual work component: One or more 1-3 minutes live presentations	Project-related activities are led on a weekly basis in the tutorial class, while the project presentation will be submitted in electronic format in Week 10, April 21st by 4pm (a proposal must be submitted in Week 7, Monday 27th of March by 4pm)
Quizzes (optional)	Optional opportunity for up to 5% in bonus marks	10-15 minutes	Every week starting Week 2 (lecture time). Optional activity.
Assessment 3: Final Exam (on campus*)	45%	2 hours	As scheduled in University exam period
Total	100%	–	–

Assessment Summary

Assignments (25%)

Three assignments will be due via electronic submission in Week 4 (6th March by 4:00 om), Week 7 (27th March by 4:00 pm) and Week 10 (17th April by 4:00 pm). Each will ask students to address a set of problems on the content already discussed and will test students' understanding of the models being explored in lectures and tutorials. One or two questions/sections from each of the three assignments will be marked. Students will know in advance which questions/sections will be marked. Details will be provided in Week 1. Marked assignments will be weighted equally.

Macro project presentation (30%)

Students will form groups of 2-5 members and prepare a 5-minute presentation on a topic of their choosing from those covered in class. During the presentation, students should discuss and apply the theory to a real-world example, describing the macroeconomic problem and proposing policy implications. Students should also walk through at least two simple models. The presentation will be delivered in electronic format to be uploaded by Week 10 (Friday, April 21st by 4pm). Students will present a one-page proposal to be submitted in Week 7 (Monday, March 27th by 4pm). Details will be discussed during Lecture 1.

Assigned readings will be evaluated every week during tutorial sessions. The reading is used to motivate discussion for every topic covered in class and the tutorial problem sets. The weekly reading component will help students to familiarise themselves with different macroeconomic topics that could be expanded for the final presentation. During each tutorial class, one to three students will deliver a presentation (each student will choose to present on a different topic of the weekly readings). A given student may choose to present more than once during the term. Upon selection, a student is expected to give a short 1-3 minute presentation during tutorial class. More information about this and other activities will be provided in the first week of lectures.

No marks are awarded for tutorial attendance. However, a record of attendance at tutorials will be kept. Attendance at tutorials is expected.

The final mark for the Macro project presentation will consider both the Week 10 final presentation (group component: 25%) and the weekly presentations on the assigned reading (individual component: 5%).

A group contract (template will be provided), outlining group members' roles and responsibilities, must be agreed to, finalised and submitted before Week 7.

Part of the mark on this assignment will be determined by a peer evaluation component. Details about the peer evaluation will be discussed in Lecture 1.

Quizzes (optional opportunity for up to 5% in bonus marks)

A short quiz will be administered every week starting in Week 2. These quizzes will test the ability of students to solve the models learned in the previous week, as well as, all the material presented in previous week lectures. They will also test students on material covered in the tutorials, textbook, and other assigned readings. Up to 5% in bonus marks will be available for this item. This assessment item is optional.

Final Exam (45%)

The final exam will be held during the University examination period with the date and time determined by the University. It will be comprehensive and cover all materials covered in lectures, textbook, assignments, readings and tutorials.

The final exam will test the ability of students to explain the assumptions and structure of standard models in macroeconomics and to analyse simple versions of these models. In addition, students will be asked to apply models to interpret and analyse real problems in macroeconomics. The questions will also test students' knowledge of important policy issues that arise in the macroeconomy.

(*)This course will have an invigilated exam held on UNSW’s Kensington campus. The exam will be conducted on Inspera, an online assessment platform. It is a mandatory requirement that you attend the exam on-campus (even if you are only attending online classes) and that you come with a fully charged laptop which has the Safe Exam Browser (SEB) installed.

If you are an international student and completing this course remotely, the UNSW Exams Team will contact you to arrange an online invigilated exam monitored by UNSW staff, via Zoom. You will need a working camera and microphone on your laptop as you will be required to have your camera on for the entire duration of the exam.

Further instructions on how to prepare for this exam will be provided to you during the term.

Assignment Submission Procedure

To be advised in Week 1 lecture.

Assessment Feedback

Feedback on student performance from formative and summative assessment tasks will be provided to students in a timely manner. Assessment tasks completed within the teaching period of a course, other than a final assessment, will be assessed and students provided with feedback, with or without a provisional result, within 10 working days of submission, under normal circumstances. Feedback on continuous assessment tasks (e.g. laboratory and studio-based, workplace-based, weekly quizzes) will be provided prior to the midpoint of the course.

Special Consideration

You can apply for special consideration when illness or other circumstances beyond your control interfere with your performance in a specific assessment task or tasks, including online exams. Students studying remotely who have exams scheduled between 10pm and 7am local time, are also able to apply for special consideration to sit a supplementary exam at a time outside of these hours.

Special consideration is primarily intended to provide you with an extra opportunity to demonstrate the level of performance of which you are capable. To apply, and for further information, see Special Consideration on the UNSW Current Students page.

Special consideration applications will be assessed centrally by the Case Review Team, who will update the online application with the outcome and add any relevant comments. The change to the status of the application immediately sends an email to the student and to the assessor with the outcome of the application.

Please note the following:

Applications can only be made through Online Services in myUNSW. Applications will not be accepted by teaching staff. The lecturer-in-charge/course coordinator will be automatically notified when your application is processed.
Applying for special consideration does not automatically mean that you will be granted a supplementary exam or other concession.
If you experience illness or misadventure in the lead up to an exam or assessment, you must submit an application for special consideration, either prior to the examination taking place, or prior to the assessment submission deadline, except where illness or misadventure prevent you from doing so.
If your circumstances stop you from applying before your exam or assessment due date, you must apply within 3 working days of the assessment or the period covered by your supporting documentation.
Under the UNSW Fit To Sit/Submit rule, if you sit the exam/submit an assignment, you are declaring yourself well enough to do so and are cannot subsequently apply for special consideration.
If you become unwell on the day of – or during – an exam, you must stop working on your exam, advise your course coordinator or tutor and provide a medical certificate dated within 24 hours of the exam, with your special consideration application. For online exams, you must contact your course coordinator or tutor immediately via email, Moodle or chat and advise them you are unwell and submit screenshots of your conversation along with your medical certificate and application.
Special consideration requests do not allow the awarding of additional marks to students.

Further information on Business School policy and procedure can be found under “Special Consideration” on the Policies and Support page.

Late Submission Penalties

For assessments other than examinations, late submission will incur a penalty of 5% per day or part thereof (including weekends) from the due date and time. An assessment will not be accepted after 5 days (120 hours) of the original deadline unless special consideration has been approved. An assignment is considered late if the requested format, such as hard copy or electronic copy, has not been submitted on time or where the ‘wrong’ assignment has been submitted.

For assessments which account for 10% or less of the overall course grade, and where answers are immediately discussed or debriefed, the LIC may stipulate a different penalty. Details of such late penalties will be available on the course Moodle page.

Protocol for Viewing Final Exam Scripts

UNSW students have the right to view their final exam scripts, subject to a small number of very specific exemptions. The UNSW Business School has set a protocol under which students may view their final exam script. Individual schools within the Faculty may also set up a local process for viewing final exam scripts, so it is important that you check with your School. Further school-specific information may be included below.

Quality Assurance

The Business School is actively monitoring student learning and quality of the student experience in all its programs. A random selection of completed assessment tasks may be used for quality assurance, such as to determine the extent to which program learning goals are being achieved. The information is required for accreditation purposes, and aggregated findings will be used to inform changes aimed at improving the quality of Business School programs. All material used for such processes will be treated as confidential.

5. Course Resources

The website for this course is on UNSW Moodle.

The textbook for this course is:

Macroeconomics: Fifth Edition (2019), Charles Jones, W.W. Norton & Company, New York.

The above is the primary textbook for this course. It can be purchased from the UNSW Bookshop.

We will cover most of the material in this book during the course, but additional readings (from various sources) will be discussed during the term.

A reading list will be provided in Moodle. The list will be updated periodically. Additional resources will be available in Moodle.

Lecture slides will be available at least 24 hours before each lecture. Lecture recordings will be available within 72 hours after each lecture.

Additional resources will be discussed in class.,

6. Course Evaluation & Development

Feedback is regularly sought from students and continual improvements are made based on this feedback. At the end of this course, you will be asked to complete the myExperience survey, which provides a key source of student evaluative feedback. Your input into this quality enhancement process is extremely valuable in assisting us to meet the needs of our students and provide an effective and enriching learning experience. The results of all surveys are carefully considered and do lead to action towards enhancing educational quality.

The School of Economics strives to be responsive to student feedback. If you would like more information on how the design of this course and changes made to it over time have taken students’ needs and preferences into account, please contact the Director of Education at the School of Economics.

Consent for De-Identified Data to be Used for Secondary Research into Improving Student Experience

To enhance your student experience, researchers at UNSW conduct academic research that involves the use of de-identified student data, such as assessment outcomes, course grades, course engagement and participation, etc. Students of this course are being invited to provide their consent for their de-identified data to be shared with UNSW researchers for research purposes after the course is completed.

Providing consent for your de-identified data to be used in academic research is voluntary and not doing so will not have an impact on your course grades.

Researchers who want to access your de-identified data for future research projects will need to submit individual UNSW Ethics Applications for approval before they can access your data.

A full description of the research activities aims, risks associated with these activities and how your privacy and confidentiality will be protected at all times can be found here.

If you consent to have your de-identified data used for academic research into improving student experience, you do not need to do anything. Your consent will be implied, and your data may be used for research in a format that will not individually identify you after the course is completed.

If you do not consent for this to happen, please email the opt-out form to seer@unsw.edu.au to opt-out from having your de-identified data used in this manner. If you complete the opt-out form, the information about you that was collected during this course will not be used in academic research.

7. Course Schedule

Note: for more information on the UNSW academic calendar and key dates including study period, exam, supplementary exam and result release, please visit: https://student.unsw.edu.au/new-calendar-dates

Week	Activity	Topic	Assessment/Other
Week 1: 13 Feb	Lecture	Introduction to Macroeconomics 2 Model of Production Solow-Swan Model
Week 2: 20 Feb	Lecture	Solow-Swan Model (cont.) Romer Model	Quiz 1: The basics
Week 2: 20 Feb	Tutorial	Discussion of lecture topics from Week 1	Tutorial presentation on reading material
Week 3: 27 Feb	Lecture	Labour Markets Topics on Inflation	Quiz 2: Economic growth.
Week 3: 27 Feb	Tutorial	Discussion of lecture topics from Week 2	Tutorial presentation on reading material
Week 4: 6 Mar	Lecture	Topics on Inflation (cont.) Short run models and business cycle fluctuations	Quiz 3: Labour Market. Assignment 1 due 6th March by 4pm
Week 4: 6 Mar	Tutorial	Discussion of lecture topics from Week 3 and feedback on Assignment 1	Tutorial presentation on reading material
Week 5: 13 Mar	Lecture	The short run and the IS curve (cont.) Topics on Monetary Policy	Quiz 4: Inflation.
Week 5: 13 Mar	Tutorial	Discussion of lecture topics from Week 4	Tutorial presentation on reading material
Week 6 FLEXIBILITY WEEK: 20 Mar	Lecture	No lecture class this week
Week 6 FLEXIBILITY WEEK: 20 Mar	Tutorial	Online Review Session (optional)	–
Week 7: 27 Mar	Lecture	Theory of Consumption	Quiz 5: IS+MP models. Assignment 2 due 27th March by 4:00 pm Proposal for Macro project due 27th March by 4 pm.
Week 7: 27 Mar	Tutorial	Math Review (Derivatives) and feedback on Assignment 2	Tutorial presentation on reading material
Week 8: 3 Apr	Lecture	Fiscal Policy	Quiz 6: Consumption.
Week 8: 3 Apr	Tutorial	Discussion of lecture topic from Week 7 (Theory of consumption) Feedback on Assignment 2 Feedback on project proposal and discussion.	Tutorial presentation on reading material
Week 9: 10 Apr	Lecture	International trade Note: No class on Monday 10th of April which is a public holiday. The lecture will be delivered via pre-recordings instead.	Quiz 7: Fiscal policy.
Week 9: 10 Apr	Tutorial	Discussion of lecture topics from Week 8	Tutorial presentation on reading material
Week 10: 17 Apr	Lecture	Review Class (to be confirmed)	Assignment 3 due 17th April by 4:00 pm Submission for Macro Project (Video presentation in electronic format) due April 21st by 4pm. Quiz 8: International Trade
Week 10: 17 Apr	Tutorial	Discussion of lecture topics from Week 9 and 10 and feedback on Assignment 3.	Tutorial presentation on reading material

8. Policies and Support

Information about UNSW Business School program learning outcomes, academic integrity, student responsibilities and student support services. For information regarding special consideration, supplementary exams and viewing final exam scripts, please go to the key policies and support page.

Program Learning Outcomes

The Business School places knowledge and capabilities at the core of its curriculum via seven Program Learning Outcomes (PLOs). These PLOs are systematically embedded and developed across the duration of all coursework programs in the Business School.

PLOs embody the knowledge, skills and capabilities that are taught, practised and assessed within each Business School program. They articulate what you should know and be able to do upon successful completion of your degree.

Upon graduation, you should have a high level of specialised business knowledge and capacity for responsible business thinking, underpinned by ethical professional practice. You should be able to harness, manage and communicate business information effectively and work collaboratively with others. You should be an experienced problem-solver and critical thinker, with a global perspective, cultural competence and the potential for innovative leadership.

All UNSW programs and courses are designed to assess the attainment of program and/or course level learning outcomes, as required by the UNSW Assessment Design Procedure. It is important that you become familiar with the Business School PLOs, as they constitute the framework which informs and shapes the components and assessments of the courses within your program of study.

PLO 1: Business knowledge

Students will make informed and effective selection and application of knowledge in a discipline or profession, in the contexts of local and global business.

PLO 2: Problem solving

Students will define and address business problems, and propose effective evidence-based solutions, through the application of rigorous analysis and critical thinking.

PLO 3: Business communication

Students will harness, manage and communicate business information effectively using multiple forms of communication across different channels.

PLO 4: Teamwork

Students will interact and collaborate effectively with others to achieve a common business purpose or fulfil a common business project, and reflect critically on the process and the outcomes.

PLO 5: Responsible business practice

Students will develop and be committed to responsible business thinking and approaches, which are underpinned by ethical professional practice and sustainability considerations.

PLO 6: Global and cultural competence

Students will be aware of business systems in the wider world and actively committed to recognise and respect the cultural norms, beliefs and values of others, and will apply this knowledge to interact, communicate and work effectively in diverse environments.

PLO 7: Leadership development

Students will develop the capacity to take initiative, encourage forward thinking and bring about innovation, while effectively influencing others to achieve desired results.

These PLOs relate to undergraduate and postgraduate coursework programs. For PG Research PLOs, including Master of Pre-Doctoral Business Studies, please refer to the UNSW HDR Learning Outcomes

Business School course outlines provide detailed information for students on how the course learning outcomes, learning activities, and assessment/s contribute to the development of Program Learning Outcomes.

UNSW Graduate Capabilities

The Business School PLOs also incorporate UNSW graduate capabilities, a set of generic abilities and skills that all students are expected to achieve by graduation. These capabilities articulate the University’s institutional values, as well as future employer expectations.

UNSW Graduate Capabilities	Business School PLOs
Scholars capable of independent and collaborative enquiry, rigorous in their analysis, critique and reflection, and able to innovate by applying their knowledge and skills to the solution of novel as well as routine problems.	PLO 1: Business knowledge PLO 2: Problem solving PLO 3: Business communication PLO 4: Teamwork PLO 7: Leadership development
Entrepreneurial leaders capable of initiating and embracing innovation and change, as well as engaging and enabling others to contribute to change	PLO 1: Business knowledge PLO 2: Problem solving PLO 3: Business communication PLO 4: Teamwork PLO 6: Global and cultural competence PLO 7: Leadership development
Professionals capable of ethical, self-directed practice and independent lifelong learning	PLO 1: Business knowledge PLO 2: Problem solving PLO 3: Business communication PLO 5: Responsible business practice
Global citizens who are culturally adept and capable of respecting diversity and acting in a socially just and responsible way.	PLO 1: Business knowledge PLO 2: Problem solving PLO 3: Business communication PLO 4: Teamwork PLO 5: Responsible business practice PLO 6: Global and cultural competence

While our programs are designed to provide coverage of all PLOs and graduate capabilities, they also provide you with a great deal of choice and flexibility. The Business School strongly advises you to choose a range of courses that assist your development against the seven PLOs and four graduate capabilities, and to keep a record of your achievements as part of your portfolio. You can use a portfolio as evidence in employment applications as well as a reference for work or further study. For support with selecting your courses contact the UNSW Business School Student Services team.

Academic Integrity and Plagiarism

Academic Integrity is honest and responsible scholarship. This form of ethical scholarship is highly valued at UNSW. Terms like Academic Integrity, misconduct, referencing, conventions, plagiarism, academic practices, citations and evidence based learning are all considered basic concepts that successful university students understand. Learning how to communicate original ideas, refer sources, work independently, and report results accurately and honestly are skills that you will be able to carry beyond your studies.

The definition of academic misconduct is broad. It covers practices such as cheating, copying and using another person’s work without appropriate acknowledgement. Incidents of academic misconduct may have serious consequences for students.

Plagiarism

UNSW regards plagiarism as a form of academic misconduct. UNSW has very strict rules regarding plagiarism. Plagiarism at UNSW is using the words or ideas of others and passing them off as your own. All Schools in the Business School have a Student Ethics Officer who will investigate incidents of plagiarism and may result in a student’s name being placed on the Plagiarism and Student Misconduct Registers.

Below are examples of plagiarism including self-plagiarism:

Copying: Using the same or very similar words to the original text or idea without acknowledging the source or using quotation marks. This includes copying materials, ideas or concepts from a book, article, report or other written document, presentation, composition, artwork, design, drawing, circuitry, computer program or software, website, internet, other electronic resource, or another person's assignment, without appropriate acknowledgement of authorship.

Inappropriate Paraphrasing: Changing a few words and phrases while mostly retaining the original structure and/or progression of ideas of the original, and information without acknowledgement. This also applies in presentations where someone paraphrases another’s ideas or words without credit and to piecing together quotes and paraphrases into a new whole, without appropriate referencing.

Collusion: Presenting work as independent work when it has been produced in whole or part in collusion with other people. Collusion includes:

Students providing their work to another student before the due date, or for the purpose of them plagiarising at any time
Paying another person to perform an academic task and passing it off as your own
Stealing or acquiring another person’s academic work and copying it
Offering to complete another person’s work or seeking payment for completing academic work

Collusion should not be confused with academic collaboration (i.e., shared contribution towards a group task).

Inappropriate Citation: Citing sources which have not been read, without acknowledging the 'secondary' source from which knowledge of them has been obtained.

Self-Plagiarism: ‘Self-plagiarism’ occurs where an author republishes their own previously written work and presents it as new findings without referencing the earlier work, either in its entirety or partially. Self-plagiarism is also referred to as 'recycling', 'duplication', or 'multiple submissions of research findings' without disclosure. In the student context, self-plagiarism includes re-using parts of, or all of, a body of work that has already been submitted for assessment without proper citation.

To see if you understand plagiarism, do this short quiz: https://student.unsw.edu.au/plagiarism-quiz

Cheating

The University also regards cheating as a form of academic misconduct. Cheating is knowingly submitting the work of others as their own and includes contract cheating (work produced by an external agent or third party that is submitted under the pretences of being a student’s original piece of work). Cheating is not acceptable at UNSW.

If you need to revise or clarify any terms associated with academic integrity you should explore the 'Working with Academic Integrity' self-paced lessons available at: https://student.unsw.edu.au/aim.

For UNSW policies, penalties, and information to help you avoid plagiarism see: https://student.unsw.edu.au/plagiarism as well as the guidelines in the online ELISE tutorials for all new UNSW students: http://subjectguides.library.unsw.edu.au/elise. For information on student conduct see: https://student.unsw.edu.au/conduct.

For information on how to acknowledge your sources and reference correctly, see: https://student.unsw.edu.au/referencing. If you are unsure what referencing style to use in this course, you should ask the lecturer in charge.

Student Responsibilities and Conduct

Students are expected to be familiar with and adhere to university policies in relation to class attendance and general conduct and behaviour, including maintaining a safe, respectful environment; and to understand their obligations in relation to workload, assessment and keeping informed.

Information and policies on these topics can be found on the 'Managing your Program' website.

Workload

It is expected that you will spend at least ten to twelve hours per week studying for a course except for Summer Term courses which have a minimum weekly workload of twenty to twenty four hours. This time should be made up of reading, research, working on exercises and problems, online activities and attending classes. In periods where you need to complete assignments or prepare for examinations, the workload may be greater. Over-commitment has been a cause of failure for many students. You should take the required workload into account when planning how to balance study with employment and other activities.

We strongly encourage you to connect with your Moodle course websites in the first week of semester. Local and international research indicates that students who engage early and often with their course website are more likely to pass their course.

View more information on expected workload

Attendance and Engagement

Your regular attendance and active engagement in all scheduled classes and online learning activities is expected in this course. Failure to attend / engage in assessment tasks that are integrated into learning activities (e.g. class discussion, presentations) will be reflected in the marks for these assessable activities. The Business School may refuse final assessment to those students who attend less than 80% of scheduled classes where attendance and participation is required as part of the learning process (e.g. tutorials, flipped classroom sessions, seminars, labs, etc.). If you are not able to regularly attend classes, you should consult the relevant Course Authority.

View more information on attendance

General Conduct and Behaviour

You are expected to conduct yourself with consideration and respect for the needs of your fellow students and teaching staff. Conduct which unduly disrupts or interferes with a class, such as ringing or talking on mobile phones, is not acceptable and students may be asked to leave the class.

View more information on student conduct

Health and Safety

UNSW Policy requires each person to work safely and responsibly, in order to avoid personal injury and to protect the safety of others.

View more information on Health and Safety

Keeping Informed

You should take note of all announcements made in lectures, tutorials or on the course web site. From time to time, the University will send important announcements to your university e-mail address without providing you with a paper copy. You will be deemed to have received this information. It is also your responsibility to keep the University informed of all changes to your contact details.

Student Support and Resources

The University and the Business School provide a wide range of support services and resources for students, including:

Business School Learning Support Tools
Business School provides support a wide range of free resources and services to help students in-class and out-of-class, as well as online. These include:

Academic Communication Essentials – A range of academic communication workshops, modules and resources to assist you in developing your academic communication skills.
Learning consultations – Meet learning consultants who have expertise in business studies, literacy, numeracy and statistics, writing, referencing, and researching at university level.
PASS classes – Study sessions facilitated by students who have previously and successfully completed the course.
Educational Resource Access Scheme – To support the inclusion and success of students from equity groups enrolled at UNSW Sydney in first year undergraduate Business programs.

The Nucleus - Business School Student Services team
The Nucleus Student Services team provides advice and direction on all aspects of enrolment and graduation. Level 2, Main Library, Kensington 02 8936 7005 / https://nucleus.unsw.edu.au/en/contact-us

Business School Equity, Diversity and Inclusion
The Business School Equity, Diversity and Inclusion Committee strives to ensure that every student is empowered to have equal access to education. The Business School provides a vibrant, safe, and equitable environment for education, research, and engagement that embraces diversity and treats all people with dignity and respect. BUSEDI@unsw.edu.au

UNSW Academic Skills
Resources and support – including workshops, individual consultations and a range of online resources – to help you develop and refine your academic skills. See their website for details.
academicskills@unsw.edu.au

Student Support Advisors
Student Support Advisors work with all students to promote the development of skills needed to succeed at university, whilst also providing personal support throughout the process.
John Goodsell Building, Ground Floor.
advisors@unsw.edu.au
02 9385 4734

International Student Support
The International Student Experience Unit (ISEU) is the first point of contact for international students. ISEU staff are always here to help with personalised advice and information about all aspects of university life and life in Australia.
Advisors can support you with your student visa, health and wellbeing, making friends, accommodation and academic performance.
International.student@unsw.edu.au
02 9385 4734

Equitable Learning Services
Equitable Learning Services (formerly Disability Support Services) is a free and confidential service that provides practical support to ensure that your health condition doesn't adversely affect your studies. Register with the service to receive educational adjustments.
Ground Floor, John Goodsell Building.
els@unsw.edu.au
02 9385 4734

UNSW Counselling and Psychological Services
Provides support and services if you need help with your personal life, getting your academic life back on track or just want to know how to stay safe, including free, confidential counselling.
Level 2, East Wing, Quadrangle Building.
counselling@unsw.edu.au
02 9385 5418

Library services and facilities for students
The UNSW Library offers a range of collections, services and facilities both on-campus and online.
Main Library, F21.
02 9065 9444

Moodle eLearning Support
Moodle is the University’s learning management system. You should ensure that you log into Moodle regularly.
externalteltsupport@unsw.edu.au
02 9385 3331

UNSW IT
UNSW IT provides support and services for students such as password access, email services, wireless services and technical support.
UNSW Library Annexe (Ground floor).
02 9385 1333

Support for Studying Online

The Business School and UNSW provide a wide range of tools, support and advice to help students achieve their online learning goals.

The UNSW Guide to Online Study page provides guidance for students on how to make the most of online study.

We recognise that completing quizzes and exams online can be challenging for a number of reasons, including the possibility of technical glitches or lack of reliable internet. We recommend you review the Online Exam Preparation Checklist of things to prepare when sitting an online exam.

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Accreditation

ECON2102 Macroeconomics 2 - 2023

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1. Course Details

Summary of Course

Teaching Times and Locations

Course Policies & Support

Course Aims and Relationship to Other Courses

Student Learning Outcomes

2. Staff Contact Details

Student Enrolment Requests

3. Learning and Teaching Activities

Approach to Learning and Teaching in the Course

Learning Activities and Teaching Strategies

Lectures

Tutorials

Out-of-Class Study

4. Assessment

Formal Requirements

Assessment Structure

Assessment Summary

Assignments (25%)

Macro project presentation (30%)

Quizzes (optional opportunity for up to 5% in bonus marks)

Final Exam (45%)

Assignment Submission Procedure

Assessment Feedback

Special Consideration

Protocol for Viewing Final Exam Scripts

Quality Assurance

5. Course Resources

6. Course Evaluation & Development

​Consent for De-Identified Data to be Used for Secondary Research into Improving Student Experience

7. Course Schedule

8. Policies and Support

UNSW Graduate Capabilities

Plagiarism

Cheating

Workload

Attendance and Engagement

General Conduct and Behaviour

Health and Safety

Keeping Informed

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Consent for De-Identified Data to be Used for Secondary Research into Improving Student Experience