Undergraduate, Postgraduate - UnitECC4660 - Macroeconomics

This unit entry is for students who completed this unit in 2015 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.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Level	Undergraduate, Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Clayton First semester 2015 (Day)
Coordinator(s)	Dr Solmaz Moslehi

Synopsis

Contemporary macroeconomics and recent policy debates, including market clearing and long-run equilibrium; classical dichotomy; money in the global economy; aggregate demand and price rigidity, microfoundations of macroeconomics, disequilibrium models; stock-flow interactions; wealth effects; rational expectations; policy ineffectiveness and Ricardian equivalence; money and credit; exchange rate regimes; new Keynesian macroeconomics; comovements of macro variables and macroeconomic forecasting.

Outcomes

The learning goals associated with this unit are to:

be aware of major recent developments in the field of macroeconomics
have a basic understanding of the concepts and techniques of macroeconomic forecasting using an applied general equilibrium (AGE) model
be aware of the major developments in the field of macroeconomics in the last ten years
be familiar with different macroeconomic models used for policy making and their points of emphasis
be able to make judicious policy predictions and undertake independent research studies in the unit.

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Dr Solmaz Moslehi

Prohibitions

ECX5466