Macroeconomics II (ECON90014)

Graduate courseworkPoints: 12.5Dual-Delivery (Parkville)

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Overview

Availability
Semester 2 - Dual-Delivery
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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: 31 January 2024

Eligibility and requirements

Prerequisites

Admission into the MC-COMECO Master of Commerce (Economics)

OR

Code Name Teaching period Credit Points
ECON90003 Macroeconomics
Semester 1 (Dual-Delivery - 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: 31 January 2024

Assessment

DescriptionTimingPercentage

Four take-home problem-set assignments (due every 3 weeks, 400 words each, 20% total/5% each)

  • 1600 words (total)
Throughout the teaching period20%

Mid-semester in-class exam, (15% or 35% depending on student's relative performance between the two exams)

  • 1.5 hours
Mid semester15%

End-of-semester examination, (65% or 45% depending on student's relative performance between the two exams)

  • 2 hours
Hurdle requirement: Successful completion of this subject requires a pass (50%) in the final exam.		During the examination period65%

Last updated: 31 January 2024

Dates & times

  • Semester 2
    Principal coordinatorYusuf Mercan
    Mode of deliveryDual-Delivery (Parkville)
    Contact hoursSeminars or lectures and tutorials totalling three hours per week
    Total time commitment170 hours
    Teaching period25 July 2022 to 23 October 2022
    Last self-enrol date 5 August 2022
    Census date31 August 2022
    Last date to withdraw without fail23 September 2022
    Assessment period ends18 November 2022

    Semester 2 contact information

    yusuf.mercan@unimelb.edu.au



Time commitment details

Estimated total time commitment of 170 hours per semester

Last updated: 31 January 2024

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
    CourseMaster 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.

    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.

  • 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: 31 January 2024