WESTERN SYDNEY UNIVERSITY

ECON 1013: The Australian Macroeconomy

Comprehensive Study and Exam Preparation Guide 2026

- 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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(WSU) The Australian Macroeconomy - ECON 1013

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ACADEMIC YEAR 2025 - 2026

University	Western Sydney University
Study Level	Undergraduate
Subject Code	ECON 1013
Subject Name	The Australian Macroeconomy
Notes Title	Comprehensive Study and Exam Prep. Guide
Format	PDF
Page Length	78

Prepare for ECON 1013: The Australian Macroeconomy at Western Sydney University with a clear, up-to-date revision guide built for the final examination. Inside are syllabus-aligned notes, concise explanations, helpful diagrams, and sample exam papers with fully worked solutions so you practise under realistic conditions. Each section flags frequent mistakes and includes quick checks to keep revision focused. Use it alongside your study materials to test understanding, refine technique, and apply knowledge in the exam.

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.

✔ Learning Outcomes:

Upon completion of this subject, graduates will be able to:

Define, understand and employ standard macroeconomic concepts to describe actual economies.
Describe the macroeconomic features of the Australian economy and their recent evolution.
Find, present, manipulate and interpret time-series data on important macroeconomic variables.
Identify the main instruments of government policy and explain their effects.
Discuss alternative views about macroeconomic policy.
Use simple models to make qualitative predictions on the likely macroeconomic effects of policy changes and external shocks.

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

(WSU) The Australian Macroeconomy - ECON 1013

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