MACQUARIE UNIVERSITY 
ECON2004: Macroeconomic Analysis and Applications 
Final Examination Guide and Notes 2025 
 
Part 01: Revision Notes 
Part 02: Sample Final Examination Paper 
Part 03: Suggested Solutions to Final Exam Paper 
Part 04: Proven Exam Strategies and Tips 
 
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ECON2004: Macroeconomic Analysis and Applications (Solutions)

$35.00

ACADEMIC YEAR 2024 - 2025

University	Macquarie University
Unit Code	ECON2004
Credit Points	10
Unit Name	Macroeconomic Analysis and Applications
Notes Title	Final Examination Guide and Notes
Page Length	78

Designed specifically for the final examination of ECON2004: Macroeconomic Analysis and Applications at Macquarie University, this comprehensive revision guide provides essential resources to support effective preparation. Aligned with the 2025 syllabus, the guide features up-to-date materials, sample exam papers, and detailed solutions to enhance your revision techniques and help you avoid common pitfalls. Each section is carefully crafted to facilitate the application of knowledge in the exam. Written in a clear and accessible style, this guide is ideal for students enrolled in the unit.

This intermediate-level unit studies the main macroeconomic models in use, keeping close contact with current macroeconomic events. The focus is on product, financial and labour markets in an open economy, examining their key features in short, medium and long run equilibrium. We study the link between macroeconomics and finance leading to a deep understanding of the drivers of bond, stock housing and exchange rate markets, as well as the sources of pathologies like financial crises and the emergence of cryptocurrencies. Monetary and fiscal policy design is analysed in depth, enabling students to evaluate current debates on macroeconomic policy in a real-world context.

Main topics to be covered:

The IS-LM model
Extending the IS-LM model
The labour market and WS-PS model
The Phillips Curve (PC), inflation, and the natural rate of unemployment
The IS-LM-PC model and medium-run adjustment
The facts of growth and the Solow growth model
The Solow growth model with technological progress and population growth
Financial markets and expectations
Expectations effects on consumption, investment, and equilibrium output
Openness in all markets and exchange rate dynamics
The open economy IS-LM-IP model
Uncertainty, macro policy, and financial stability

Prerequisite: ECON1021 or ECON110.

UNIT CODE	UNIT NAME
ACCG1000	Accounting for Decision Making
ACCG1001	Accounting and Governance
ACCG2000	Cost Analysis and Managerial Decision Making
ACCG2024	Financial Accounting and Reporting Analysis
ACCG2051	Governance, Business and Corporations Law
ACCG3008	Business and Risk Advisory
ACCG3020	Tax in Practice
ACST1001	Finance Fundamentals
AFIN1002	Corporate Finance and Capital Markets
AFIN2050	Investments
AFIN3029	Derivative Instruments
AFIN3052	Applied Portfolio Management
AFIN3053	Advanced Corporate Finance
ECON1020	Economics and Business Strategy
ECON2003	Microeconomic Analysis and Applications
ECON2004	Macroeconomic Analysis and Applications
ECON2041	Introductory Econometrics
MGMT1002	Managing for Impact
MKTG1001	Marketing and Value Creation
STAT1103	Introduction to Psychological Design and Statistics
STAT1250	Business Statistics and Insights
STAT1371	Statistical Data Analysis

ECON2004: Macroeconomic Analysis and Applications (Solutions)

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