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  3. International Macroeconomics

International Macroeconomics (ECON30029)

Undergraduate level 3Points: 12.5On Campus (Parkville)

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Overview

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Semester 2
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This subject provides an introduction to open economy macroeconomics and international finance. Topics will include balance of payments, the determination of exchange rates, the effects of monetary and fiscal policies under fixed and floating exchange rate regimes, global capital markets, balance of payments crises, and financial globalization and the challenges facing developing economies.

Intended learning outcomes

On successful completion of this subject, students will be able to:

  • Develop an intellectual framework to study international economic phenomena;
  • Apply open economy models to understand contemporary economic developments;
  • Utilise open economy models to provide policy advice; and
  • Demonstrate critical evaluation of competing theories and models using data and empirical methods.

Generic skills

On successful completion of this subject, students should have improved the following generic skills:

  • High level of development: problem solving, application of theory to practice, interpretation and analysis, critical thinking.
  • Moderate level of development: oral communication, written communication, collaborative learning, statistical reasoning, synthesis of data and other information, evaluation of data and other information, receptiveness to alternative ideas.
  • Some level of development: team work, use of computer software, accessing data and other information from a range of sources.

Last updated: 8 November 2024