Postgraduate - UnitECC5660 - Macroeconomic theory

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

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Level	Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Clayton First semester 2013 (Day)
Coordinator(s)	Professor Bruce Preston

Synopsis

Underpinnings of modern macroeconomics basic to models of growth and cyclical fluctuations as well as models of monetary and fiscal policies. Topics include neoclassical and endogenous growth theories; overlapping generations models with and without money; policy ineffectiveness issues; equilibrium business cycle as well as traditional Keynesian models of fluctuations; and models of incomplete nominal adjustment such as those of New-Keynesian and the Lucas-Supply variety.

Outcomes

The learning goals associated with this unit are to:

understand the basic theoretical structures common to modern dynamic macroeconomics. In particular, critical analysis of the economic reasons underlying the formation of policy and movements of various macro-aggregates
understand the key determinants affecting economic growth and fluctuations
enhance understanding of the basic theoretical approaches employed in specialist fields such as international economics, economic development/growth, applied general equilibrium and financial economics.

Assessment

Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Professor Bruce Preston

Contact hours

3 hours per week

Co-requisites

Students must be enrolled in course code 3194 to undertake this unit