Intermediate Macroeconomics (ECON20001)
Undergraduate level 2Points: 12.5On Campus (Parkville)
Overview
| Availability | Semester 2 |
|---|---|
| Fees | Look up fees |
Intermediate macroeconomic analysis develops the tools, skills and knowledge base necessary to operate as a practicing macroeconomist. These may include: models of long run economic growth; an assessment of the evidence on economic growth and its implications; the flexible-price macroeconomic model in which markets continuously clear; an assessment of the evidence regarding whether prices and wages are flexible or sticky; the sticky price macroeconomic model in which markets do not always clear; assessment of the flexible and sticky price models; the analysis of macroeconomic policy making.
Intended learning outcomes
On completion of this subject students should be able to:
- Develop the IS-LM model to explain short-run economic fluctuations;
- Apply the IS-LM model to examine the effects of monetary policy and fiscal policy;
- Describe and discuss labour market dynamics;
- Develop the dynamic aggregate supply/aggregate demand (DAS-DAD) model;
- Apply the DAS-DAD model to analyse the impact effects and the dynamic effects as an economy responds to shocks;
- Explain the key economic growth facts;
- Develop the basic Solow growth model and the endogenous growth model;
- Describe a model of exchange rate determination and discuss different exchange rate regimes.
Generic skills
-
High level of development: written communication; collaborative learning; problem solving; team work; application of theory to practice; critical thinking; synthesis of data and other information; evaluation of data and other information.
-
Moderate level of development: oral communication; interpretation and analysis; accessing data and other information from a range of sources; receptiveness to alternative ideas.
-
Some level of development: statistical reasoning; use of computer software.
Last updated: 9 April 2025
Eligibility and requirements
Prerequisites
One of:
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON10003 | Introductory Macroeconomics |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 9 April 2025
Assessment
Additional details
- A 2-hour end of semester examination (60%)
- A multiple choice test (5%)
- Two assignments totalling not more than 2500 words (25%)
- Tutorial attendance and participation (10%)
- To pass this subject students must pass the end of semester examination.
Last updated: 9 April 2025
Dates & times
- Semester 2
Principal coordinator Mei Dong Mode of delivery On Campus (Parkville) Contact hours Two 1-hour lectures and a 1-hour tutorial per week Total time commitment 170 hours Teaching period 24 July 2017 to 22 October 2017 Last self-enrol date 4 August 2017 Census date 31 August 2017 Last date to withdraw without fail 22 September 2017 Assessment period ends 17 November 2017 Semester 2 contact information
Time commitment details
170 Hours
Last updated: 9 April 2025
Further information
- Texts
- Related Handbook entries
This subject contributes to the following:
Type Name Major Economics Breadth Track Contemporary Public Economic Policy - Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Music
- Bachelor of Science
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 9 April 2025