|Year of offer||2019|
|Subject level||Undergraduate Level 2|
|Fees||Subject EFTSL, Level, Discipline & Census Date|
Intermediate macroeconomic analysis develops the tools, skills and knowledge base necessary to operate as a practicing macroeconomist. These may include: models of long run economic growth; an assessment of the evidence on economic growth and its implications; the flexible-price macroeconomic model in which markets continuously clear; an assessment of the evidence regarding whether prices and wages are flexible or sticky; the sticky price macroeconomic model in which markets do not always clear; assessment of the flexible and sticky price models; the analysis of macroeconomic policy making.
Intended learning outcomes
On completion of this subject students should be able to:
- Develop the IS-LM model to explain short-run economic fluctuations;
- Apply the IS-LM model to examine the effects of monetary policy and fiscal policy;
- Describe and discuss labour market dynamics;
- Develop the dynamic aggregate supply/aggregate demand (DAS-DAD) model;
- Apply the DAS-DAD model to analyse the impact effects and the dynamic effects as an economy responds to shocks;
- Explain the key economic growth facts;
- Develop the basic Solow growth model and the endogenous growth model;
- Describe a model of exchange rate determination and discuss different exchange rate regimes.
High level of development: written communication; collaborative learning; problem solving; 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: oral communication; 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.
Eligibility and requirements
|Code||Name||Teaching period||Credit Points|
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
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
- A 2-hour end of semester examination (60%)
- A multiple choice test (5%)
- Two assignments totalling not more than 2500 words (25%)
- Tutorial attendance and participation (10%)
- To pass this subject students must pass the end of semester examination.
Dates & times
- Semester 2
Principal coordinator Mei Dong Mode of delivery On Campus — Parkville Contact hours Two 1-hour lectures and a 1-hour tutorial per week Total time commitment 170 hours Teaching period 29 July 2019 to 27 October 2019 Last self-enrol date 9 August 2019 Census date 31 August 2019 Last date to withdraw without fail 27 September 2019 Assessment period ends 22 November 2019
Semester 2 contact information
Time commitment details
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
- Breadth options
- 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.