0 points, SCA Band 3, 0.000 EFTSL
Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
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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%
Workload requirements
Minimum total expected workload equals 144 hours per semester.
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Co-requisites
Students must be enrolled in course code 3194 to undertake this unit.