6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
- First semester 2019 (On-campus)
This unit covers recent developments in macroeconomics and includes a mix of theory and applications. It emphasises on the importance of rigorous microfoundations in constructing macro models. The main theories to be covered may include neoclassical growth model, e.g. Solow, overlapping generations models, representative agent models and endogenous growth models. Moreover, this unit may look at monetary and fiscal policies as well as real business cycle theory and intertemporal open economy models.
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.
Within semester assessment: 40% + Examination: 60%
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.
See also Unit timetable information