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Macroeconomic Techniques (ECON90021)
Graduate courseworkPoints: 12.5Not available in 2018
Overview
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Introduction to recent developments in macroeconomics. Students will learn how to formulate and solve stochastic dynamic economic models and to apply these techniques to a number of substantive issues in consumption, asset pricing, business cycle theory, monetary economics and labour economics.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Identify well posed economic questions;
- Formulate dynamic macroeconomic models that could provide answers to well posed questions;
- Apply existing empirical work to parameterize and calibrate such models and understand some methods of estimation;
- Evaluate critically the performance of such models;
- Develop an understanding of representative agent models and/or heterogeneous agent models;
- Evaluate recent contributions to macroeconomics;
- Analyse the interplay of questions, theory, and data.
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
- Accessing economic and other information
- Summary and interpretation of information
- Application of Windows software
- Using and designing computer programs
- Statistical reasoning
- Problem solving skills
- Collaborative learning and teamwork
- Negotiation and bargaining
- Written communication
- Oral communication
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON90003 | Macroeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
or
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON40002 | Advanced Macroeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
ECON40005 Macroeconomic Techniques
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON40005 | Macroeconomic Techniques | Not available in 2024 |
12.5 |
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
- 1.5-hour mid-semester examination (20%)
- 3-hour final examination (50%)
- Cass assignments of up to 6000 words (30%)
Last updated: 3 November 2022
Dates & times
Not available in 2018
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Subject notes
Students may not gain credit for both ECON90021 Macroeconomic Techniques and ECON40005 Macroeconomic Techniques.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Economics - 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.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 3 November 2022