• Offered by International and Development Economics Program
  • ANU College ANU College of Asia and the Pacific
  • Classification Advanced
  • Course subject International and Developmental Economics
  • Areas of interest Economics
  • Academic career PGRD
  • Course convener
    • Dr Creina Day
  • Mode of delivery In Person
  • Offered in Second Semester 2015
    See Future Offerings

This is a graduate level course on international macroeconomics. The course is aimed at  (i) understanding basic notions of the macroeconomics, (ii) being equipped with the basic analytical tools (models) for policy analysis both in the closed economy and the open economies, and (iii) being able to consider the real-world problem, such as the recent financial crisis, through the lens of these tools. Central issues considered in the course include (i) capital flows, (ii) international transmission of shocks, and (iv) the role of stabilization policy.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

On successful completion of this course, students will be able to understand the analytics behind key macroeconomic models and understand how policy can affect these outcomes.

Other Information

Delivery Mode:

on Campus

Indicative Assessment

There will be two in-class (10%*2), mid-term (30%) and final exams (50%).

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.


2 two-hour lecture and one hour of tutorials.  Depending on prior background the student should expect to spend around 6-10 hours per week on the course material. 

Prescribed Texts

The main text books (notes) are as follows:

Schmitt-Grohe, Stephanie and Martin Uribe, 2011, International Macroeconomics

- downloadable at http://www.columbia.edu/~mu2166/UIM/notes.pdf.


Corsetti, Giancarlo and Paolo Pesenti, 2009, “The Simple Geometry of Transmission and Stabilization in Closed and Open Economies, in NBER International Seminar on Macroeconomics 2007

-         downloadable at http://www.nber.org/chapters/c3000.pdf.

Preliminary Reading

Useful references mentioned below are as follows:

Barro, Robert, and Xavier, Sala-I-Martin, 1995, Economic Growth, McGrow Hill,

Cochrane, John, 2001, Asset Pricing, Princeton University Press,

Enders, Walter, 1995, Applied Econometric Time Series, Wiley,

Jones, Charles, Introduction to Economic Growth, Norton,

Obstfeld, Maurice and Kenneth Rogoff,  1996, Foundations of International Macroeconomics, MIT Press,

Romer, David, 2006, Advanced Macroeconomics, McGrawHill,

Walsh, Carl, 2003, Monetary Theory and Policy, MIT Press,

Assumed Knowledge

Students are expected to be familiar with intermediate macroeconomic theory and with undergraduate mathematical economics.


Tuition fees are for the academic year indicated at the top of the page.  

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
Unit value:
6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

6.00 0.12500
Domestic fee paying students
Year Fee
2015 $3762
International fee paying students
Year Fee
2015 $4566
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
2685 20 Jul 2015 07 Aug 2015 31 Aug 2015 30 Oct 2015 In Person N/A

Responsible Officer: Registrar, Student Administration / Page Contact: Website Administrator / Frequently Asked Questions