Macroeconomics II (ECON90014)
Graduate courseworkPoints: 12.5On Campus (Parkville)
Overview
| Availability | Semester 2 |
|---|---|
| Fees | Look up fees |
This subject aims to provide students with a standard tool kit to analyse dynamic macroeconomic models and to give a detailed coverage of some important applications in macroeconomics. The subject is composed of four parts. Part I provides a brief review of the formal theory of dynamic optimization. Part II devotes to some general numerical techniques to solve and simulate a dynamic model. Part III introduces some econometric techniques that are used to estimate a structural model with data. Part IV focuses on applications of these techniques in some important research areas of macroeconomics, including real business cycle models and its various extensions, incomplete market models, firm dynamics models, monetary models.
Intended learning outcomes
- Formulate a dynamic optimization problem recursively and conduct some analytical analysis;
- Numerically solve a dynamic model in a proper way;
- Parameterise the structural model such that it links to the data properly;
- Simulate the estimated model to derive model predictions;
- Be familiar with the literature on several important areas of macroeconomic research;
- Replicate and discuss a piece of economic analysis from a professional journal.
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;
- Numerical computing and simulation of economic models.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
ECON90003 Macroeconomics
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON90003 | Macroeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
None
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: 3 November 2022
Assessment
Additional details
One 3-hour end of semester examination (60%), three assignments totalling approximately 4000 words (30%), and a group presentation in class (10%)
Note: Successful completion of this subject requires a pass (50%) in the final exam.
Last updated: 3 November 2022
Dates & times
- Semester 2
Principal coordinator May Li Mode of delivery On Campus (Parkville) Contact hours Seminars or lectures and tutorials totalling three hours per week Total time commitment 170 hours Teaching period 23 July 2018 to 21 October 2018 Last self-enrol date 3 August 2018 Census date 31 August 2018 Last date to withdraw without fail 21 September 2018 Assessment period ends 16 November 2018 Semester 2 contact information
Email: shuyunl@unimelb.edu.au
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 3 November 2022
Further information
- Texts
- Related Handbook entries
- 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: 3 November 2022