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Macroeconomics (ECON90003)
Graduate courseworkPoints: 12.5On Campus (Parkville)
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.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
Availability | Semester 1 |
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Fees | Look up fees |
This is an advanced course in macroeconomic theory, with the intention of introducing students to frontier techniques. Topics may include: techniques of dynamic optimization, dynamic optimization theory, economic growth, optimal taxation, unemployment, and money.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Solve first-order and second-order ordinary differential equations and apply these solutions to explain possible macroeconomic outcomes;
- To apply basic dynamic techniques to macroeconomic models in order to solve for short-run and long-run outcomes;
- To apply the techniques of static and dynamic optimisation to solve macroeconomic problems including, in particular, to solve the intertemporal problem of the representative firm and to solve the intertemporal problem of the optimising consumer;
- To integrate the model of the representative firm and the optimising consumer into a representative agent model of the economy;
- To apply standard dynamic techniques to growth theory models.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- The use of dynamic macroeconomic models;
- The explanation of likely economic outcomes in the short-run, in the long-run and in the transition from short-run to long-run equilibria;
- The use of optimisation techniques to derive theoretical models that can explain the behaviour of economic agents;
- The integration of theoretical models based on optimising behaviour into full-scale models of the macro-economy;
- The improvement of problem solving skills, through completing class assignments.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
A major sequence in economics will normally be required before this subject is taken.
Completion of 100 points in the Master of Economics
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
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
Description | Timing | Percentage |
---|---|---|
Assignment
| Week 4 | 5% |
Assignment
| Week 7 | 5% |
Assignment
| Week 10 | 5% |
Assignment
| Week 12 | 5% |
Mid-semester examination
| Mid semester | 30% |
End-of-semester examination
| During the examination period | 50% |
Last updated: 3 November 2022
Dates & times
- Semester 1
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 2 March 2020 to 7 June 2020 Last self-enrol date 13 March 2020 Census date 30 April 2020 Last date to withdraw without fail 5 June 2020 Assessment period ends 3 July 2020 Semester 1 contact information
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.
- 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