Advanced Macroeconomics (ECON40002)

HonoursPoints: 12.5On Campus (Parkville)

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As part of the University’s response to COVID-19 and the associated Government restrictions and guidelines, most subjects will continue to be delivered online in Winter and Semester 2.
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.

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Overview

Availability
Semester 1
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This subject presents recent developments in macroeconomics. There will be a mix of theory and applications. The main theories to be covered may include overlapping generations models, dynamic optimisation, real business cycle theory, intertemporal open economy models and the theory of economic growth. Various theories will be illustrated using examples drawn from domestic and international policy issues, as appropriate.

Intended learning outcomes


  • Explain how macroeconomic researchers identify issues in macroeconomics that are important research topics
  • Explain some of the techniques used by macroeconomic researchers to create knowledge;
  • Evaluate the contribution of some recently created knowledge in macroeconomics;
  • Synthesise some of the recently created knowledge in macroeconomics;
  • Apply macroeconomic theory to analyse the potential of macroeconomic policy to improve economic welfare;
  • Collaborate with others to present the content of a recent article on macroeconomics from a professional journal;
  • Analyse macroeconomic material presented by the lecturer and other students;
  • Explain contemporary issues in macroeconomics;
  • Describe the role and limitations of government in improving individual welfare.

Generic skills

  • High level of development: oral communication; written communication; collaborative learning; 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: problem solving; 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: 3 November 2022

Eligibility and requirements

Prerequisites

Admission into

Code Name Teaching period Credit Points
No longer available
,
Code Name Teaching period Credit Points
No longer available
(Economics),
Code Name Teaching period Credit Points
No longer available
or
Code Name Teaching period Credit Points
No longer available

OR

Code Name Teaching period Credit Points
ECON30009 Macroeconomics
Semester 2 (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: 3 November 2022

Assessment

Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS

DescriptionTimingPercentage

Assignment 1

  • 250 words
Week 45%

Assignment 2

  • 250 words
Week 85%

Assginment 3

  • 250 words
Week 125%

Group Presentation of 4-5 students per group

  • 10 minutes (total)
From Week 6 to Week 1215%

End of Semester Examination

  • 3 hours
Hurdle requirement: To pass this subject, students must pass the end of semester examination.		During the examination period70%

Last updated: 3 November 2022

Dates & times

  • Semester 1
    Principal coordinatorChris Edmond
    Mode of deliveryOn Campus (Parkville)
    Contact hoursFour hours of lectures, seminars and tutorials per week.
    Total time commitment170 hours
    Teaching period 2 March 2020 to 7 June 2020
    Last self-enrol date13 March 2020
    Census date30 April 2020
    Last date to withdraw without fail 5 June 2020
    Assessment period ends 3 July 2020

    Semester 1 contact information

    edmond@unimelb.edu.au

Time commitment details

170 Hours

Last updated: 3 November 2022

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • Related Handbook entries

    This subject contributes to the following:

    TypeName
    CourseGraduate Diploma in Economics
    CourseMaster of Economics
  • 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