Macroeconomics (ECON90003)
Graduate courseworkPoints: 12.5On Campus (Parkville)
Overview
| Availability | Semester 1 |
|---|---|
| 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: 4 March 2025
Eligibility and requirements
Prerequisites
A major sequence in economics will normally be required before this subject is taken.
Option 1:
Admission into the MC-ECO Master of Economics
AND
Completion of a minimum of 100 credit points of study
Option 2:
Admission into the MC-COMECO Master of Commerce (Economics)
Corequisites
Non-allowed subjects
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: 4 March 2025
Assessment
| Description | Timing | Percentage |
|---|---|---|
Assignment 1
| Week 4 | 5% |
Assignment 2
| Week 8 | 8% |
Assignment 3
| Week 12 | 7% |
Mid-semester examination
| Mid semester | 25% |
End-of-semester examination
| During the examination period | 55% |
Last updated: 4 March 2025
Dates & times
- Semester 1
Principal coordinator Aniket Baksy 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 3 March 2025 to 1 June 2025 Last self-enrol date 14 March 2025 Census date 31 March 2025 Last date to withdraw without fail 9 May 2025 Assessment period ends 27 June 2025 Semester 1 contact information
Aniket Baksy: aniket.baksy@unimelb.edu.au
Time commitment details
Estimated total time commitment of 170 hours per semester
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Last updated: 4 March 2025
Further information
- Texts
- Related Handbook entries
- 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
Last updated: 4 March 2025