ECON10003 Introductory Macroeconomics
University of Melbourne · Level 1 · 12.5 points · Runs in 2026: Summer, Semester 1, Semester 2.
- Final exam 40%: mostly coursework
- 30% group work
Is ECON10003 hard?
ECON10003: About average. Makes it easier: First-year subject. Makes it harder: You must pass the exam on its own. The easier and harder points roughly balance out.
What you learn
How the whole economy works: output, jobs, inflation, interest rates, exchange rates and government policy.
After it you can
- Explain how GDP and inflation are measured
- Use demand and supply models for the economy
- Assess monetary and fiscal policies
What you need first
ECON10004
- ECON10004 Introductory Microeconomics
- MAST10012 Introduction to Mathematics
- MAST10014 Foundation Mathematics 1
- MAST10015 Foundation Mathematics 2
What it leads to
- ECON20001 Intermediate Macroeconomics
- ECON20008 Australian Economic History
- PROP20002 Design and Property Principles
- PROP20003 Design and Property Industry Studies
How it’s assessed
Tests 20%, Presentations 10%, Assignments 20%, Participation 10%, Final exam 40%
Student reviews and ratings
Summarised from 10 students on StudentVIP (2017–2024)
- Many found the lectures long and dull, and recent reviewers felt the teaching relied on rote learning of models.
- Understand the logic behind the models so you can apply them to new situations. Review sessions help.
- Opinions on difficulty are split: some found the exam easy, others found it very challenging.
- Compared with Intro Micro it has lighter maths but more theory and writing, and several found it less interesting.
A summary of public reviews, not scored here.
Taken this subject? Rate it anonymously (difficulty, workload, marking, would you recommend it) and leave a tip for next year's students. Rate ECON10003
Quick answers
- When is ECON10003 offered?
- Runs in 2026: Summer, Semester 1, Semester 2.
- What do I need before taking ECON10003?
- Needs ECON10004.
- Does ECON10003 have a final exam?
- Yes, the final exam is 40% of the mark. You must pass the exam on its own. Assessment: Tests 20%, Presentations 10%, Assignments 20%, Participation 10%, Final exam 40%.
- Is ECON10003 hard?
- From 10 student reviews on StudentVIP: Many found the lectures long and dull, and recent reviewers felt the teaching relied on rote learning of models.
- What do students say about ECON10003?
- Many found the lectures long and dull, and recent reviewers felt the teaching relied on rote learning of models. Understand the logic behind the models so you can apply them to new situations. Review sessions help. Opinions on difficulty are split: some found the exam easy, others found it very challenging.
- Can I take ECON10003 as breadth?
- Yes, for: Bachelor of Arts, Bachelor of Biomedicine, Bachelor of Design, Bachelor of Fine Arts (Acting), Bachelor of Fine Arts (Animation), Bachelor of Fine Arts (Dance), Bachelor of Fine Arts (Film and Television), Bachelor of Fine Arts (Music Theatre), Bachelor of Fine Arts (Production), Bachelor of Fine Arts (Screenwriting), Bachelor of Fine Arts (Theatre), Bachelor of Fine Arts (Visual Art), Bachelor of Music, Bachelor of Science.
- What can I take after ECON10003?
- 4 subjects need it first, for example ECON20001, ECON20008, PROP20002, PROP20003.
- Can I rate ECON10003?
- Yes. If you've taken it, rate it anonymously on this page (difficulty, workload, marking, would you recommend it) and leave a tip for next year's students. Averages show once 3 students have rated it; tips are checked before they appear.
Source: University of Melbourne Handbook 2026
Always confirm in the official Handbook.
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