THE UNIVERSITY OF SYDNEY 
ECON1002 - Introductory Macroeconomics 
Final Examination Guide and Notes for 2024 
 
- 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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University of Sydney - ECON1002: Introductory Macroeconomics

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ACADEMIC YEAR 2023 - 2024

University	University of Sydney
Study Level	Undergraduate
Unit Code	ECON1002
Unit Name	Introductory Macroeconomics
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	79

A revision guide tailored for the final examination of ECON1002 - Introductory Macroeconomics at the University of Sydney. This guide offers support for students as they prepare for the final exam. It contains up-to-date materials that match the syllabus from 2024 and is packed with guidance, including sample final examination papers and suggested solutions with full explanations. These resources will help you hone your revision and exam technique and avoid common mistakes. Presented in clear and concise language, this guide is perfect for those who are preparing for the final exam of the unit.

Introductory Macroeconomics (ECON1002) - is a unit that delves into the analysis of employment and economic activity on a broader scale. It explores the main factors that determine overall production and employment, including government policy and international trade. The unit covers a range of topics such as money, interest rates, financial markets, inflation, unemployment, and economic policy. Prior knowledge of mathematics is assumed for students taking this unit. Upon completion, students should be able to interpret and measure macroeconomic aggregates, understand short-run behaviour using the Keynesian model, critically analyse macroeconomic policies, describe the role of money in the macroeconomy, explain what determines unemployment and inflation, and analyse factors influencing the balance of payments and exchange rate to improve living standards.

✔ Main topics covered:

Measuring macroeconomic performance
Measuring the price level and inflation, Savings and Wealth
Unemployment and the labour market
Short-term economic fluctuations
Macroeconomics in the short-run: the basic Keynesian model and Fiscal Policy
Fiscal Policy, Money, prices and the Reserve Bank
The Reserve Bank, monetary policy and the economy
Aggregate demand and aggregate supply, Macroeconomic policy
The economy in the long run: An introduction to economic growth
Savings, capital formation and economic growth
Exchange rates and the open economy
The balance of payments
Net exports and international capital flows

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University of Sydney - ECON1002: Introductory Macroeconomics

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