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Macroeconomics II (ECON90014)
Graduate courseworkPoints: 12.5On Campus (Parkville)
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About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 2
Email: shuyunl@unimelb.edu.au
Overview
Availability | Semester 2 |
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Fees | Look up fees |
This subject builds on the work covered in ECON90003 Macroeconomics. The focus is on providing a detailed coverage of particular topics of contemporary importance. Topics covered may include:
- Macroeconomic dynamics;
- Macroeconomic models of the open economy;
- Economic growth;
- Credit rationing;
- The monetary transmission mechanism;
- Irreversibility and investment;
- Problems in desinging and implementing macroeconomic policies;
- Analyses of unemployment and the labour market; and
- Consumption theory.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Solve differential and difference equations and apply these solutions to explain possible macroeconomic outcomes;
- Apply basic dynamic techniques to macroeconomic models in order to solve for short-run and long-run outcomes;
- Apply the techniques of static and dynamic optimisation to solve macroeconomic problems;
- Apply dynamic macroeconomic models to explain likely economic outcomes in the short-run, in the long-run and in the transition from short-run to long-run equilibria;
- Use optimisation techniques to derive theoretical models that can explain the behaviour of economic agents;
- Integrate theoretical models based on optimising behaviour into full-scale models of the macro-economy;
- Explain some techniques economists use to empirically evaluate macroeconomic models.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- Evaluation of ideas, views and evidence
- Synthesis of ideas, views and evidence
- Strategic thinking
- Critical thinking
- Application of theory to economic policy and business decision making
- Summary and interpretation of information
- Statistical reasoning
- Problem solving skills
- Collaborative learning and teamwork
- Written communication
Last updated: 3 November 2022