WESTERN SYDNEY UNIVERSITY

ECON 1013: The Australian Macroeconomy

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. Final Examination - Hints and Tips

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Western Sydney University - ECON 1013: The Australian Macroeconomy

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ACADEMIC YEAR 2024 - 2025

University	Western Sydney University
Study Level	Undergraduate
Subject Code	ECON 1013
Subject Name	The Australian Macroeconomy
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	77

This comprehensive guide for ECON 1013: The Australian Macroeconomy at Western Sydney University is your key to excelling in the subject. With clear explanations, it simplifies complex topics, helping you understand and retain essential concepts. The guide includes detailed notes, examiner advice, practice questions, and a sample test with solutions to prepare you for all assessments. Whether you're starting the course or reinforcing your knowledge, this essential resource will strengthen your understanding of macroeconomics and pave the way for academic success.

This subject is an introduction to macroeconomic concepts, analysis and issues in the Australian context. Basic concepts introduced and applied include: national income accounting, economic structure, price indexes and inflation, the balance of payments, and labour market aggregates. These concepts are applied in describing and explaining the recent evolution of the Australian economy in terms of growth, structural change, price stability, and employment. This leads to a discussion of major policy issues such as the role of governments in managing economic fluctuations, and the implications of Australia's foreign liabilities. The course ends with a brief introduction to modelling income determination. ECON 1013: The Australian Macroeconomy is equivalent to ECON 1008: Macroeconomics.

✔ Subject Content

Structural change and Global integration of The Australian economy
The labor market, employment and unemployment in Australia
National income accounting
Measuring economic aggregates: income expenditure model
Price and output volatility in Australia: AD-AS model
The financial system and monetary instruments
Monetary and fiscal policy
Investment, saving and growth in Australia
International trade and balance of payments accounting
Exchange rates and macro adjustment

SUBJECT CODE	SUBJECT NAME
ACCT 1005	Accounting in Context
ACCT 1010	Management Accounting Fundamentals
ACCT 2005	Techniques in Financial Accounting
ACCT 3003	Accounting Standards and Governance
BUSM 1027	Organisational Behaviour
ECON 1003	Financial Institutions and Markets
ECON 1006	Introduction to Economic Methods
ECON 1011	Principles of Economics
ECON 1013	The Australian Macroeconomy
ECON 1014	Consumers, Firms and Markets
ECON 2002	Corporate Financial Management
ECON 2007	Macroeconomic Theory
ECON 3001	Applied Econometrics
ECON 3003	Derivatives
ECON 3006	Economic and Financial Modelling
FINC 3008	Investment Management
FINC 3015	Security Analysis and Business Valuation
LAWS 1001	Enterprise Law
LAWS 3070	Taxation Law
MATH 1030	Statistics for Business
MKTG 1006	Marketing Principles

Western Sydney University - ECON 1013: The Australian Macroeconomy

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