THE UNIVERSITY OF QUEENSLAND 
ECON1020: Introductory Macroeconomics 
Final Examination Guide and Notes 2025 
 
Part 01: Revision Notes 
Part 02: Sample Final Examination Paper 
Part 03: Detailed Solutions and Explanations 
Part 04: Proven Exam Strategies and Tips 
 
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University of Queensland - ECON1020: Introductory Macroeconomics

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ACADEMIC YEAR 2024 - 2025

University	The University of Queensland
School	Economics School
Course Code	ECON1020
Course Title	Introductory Macroeconomics
Notes Title	Final Examination Guide and Notes
Page Length	77

This guide supports students preparing for the final exam in ECON1020: Introductory Macroeconomics at the University of Queensland. It provides up-to-date, course-aligned materials, including sample exam papers with fully explained solutions. These resources are designed to sharpen your revision skills, improve exam technique, and help you avoid common mistakes. Written in a clear, straightforward style, the guide also serves as a handy reference to deepen your understanding of key topics - making it an ideal companion for anyone enrolled in the course.

The macroeconomy affects business conditions and wider social conditions. The behaviour of an economy as a whole is often broadly predictable, but sometimes it can suddenly change. This course is about explaining the patterns of behaviour that we observe. It considers long-term economic growth in living standards in developed and in developing economies. It also explains why a national (or global) economy experiences short-term cycles in activities (e.g., recessions and recoveries) around its long-term growth trend. It explains what central banks and governments can do to try to smooth these fluctuations and to raise the trend. Simple and standard theories or ‘models’ (widely used by decision-makers in the government and the private sector) are explained intuitively. The behaviour of the financial system, including the banking system and asset markets, is considered, especially in the light of the global financial crisis.

Main topics to be covered:

GDP
Economic Growth
Unemployment
Inflation
Aggregate Demand-Supply
Fiscal Policy
Money and Banking
Monetary Policy
Open Macroeconomy
International Finance

Incompatible: ECON2021.

COURSE CODE	COURSE TITLE
ACCT1101	Accounting for Decision Making
ACCT1110	Financial Reporting and Analysis
ACCT2102	Intermediate Management Accounting
ACCT2110	Intermediate Financial Accounting
ACCT2111	Principles of Financial Accounting
ACCT3103	Advanced Financial Accounting
ACCT3106	Analysis of Financial Statements
ECON2020	Intermediate Macroeconomics
ECON3210	Financial Markets and Institutions
FINM1415	Introduction to Finance
FINM2411	Principles of Financial Management
FINM2415	Corporate Finance
FINM2416	Asset Pricing
FINM3405	Derivatives and Risk Management
FINM3411	Applied Corporate Finance
LAWS1100	Business Law
LAWS3101	Income Tax Law
MGTS1301	Introduction to Management
MKTG1501	Foundations of Marketing
STAT1201	Analysis of Scientific Data

University of Queensland - ECON1020: Introductory Macroeconomics

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